Latest updated deposit interest rates at Agribank
The Vietnam Bank for Agriculture and Rural Development (Agribank) has adjusted its VND deposit interest rate up, with the highest current interest rate reaching 4.8%/year for a 24-month term.
Below is the table of savings interest rates for individual customers at Agribank:
Deposit 200 million at Agribank, how to receive interest?
Formula for calculating bank interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
With a deposit of 200 million VND, if you deposit it in Agribank, you will receive the following interest rate:
Readers can also refer to current bank interest rates in the table below:
Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.
PVcomBank is currently leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND 2,000 billion.
Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.
MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.
Dong A Bank has a deposit interest rate of 13 months or more, with the final interest rate applied to deposits of 200 billion VND or more at 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.
* Note: The above interest rates may change depending on Agribank's policies at each time. Readers can contact the nearest Agribank branch for specific advice.
