Latest Agribank deposit interest rates
According to Lao Dong reporter on November 4, deposit interest rates at Agribank are listed around 1.7 - 4.8%, depending on the term.
The 24-month term interest rate is listed at the highest level, up to 4.8%. Slightly lower, the interest rate for 12-month, 13-month, 15-month, and 18-month savings terms is 4.7%. Next is the 6-month, 7-month, 8-month, 9-month, 10-month, and 11-month terms, Agribank's interest rate is 3.0%.
Interest rates for 4-month and 5-month terms are lower at 2%. For 1-month and 2-month terms, Agribank's interest rates are at 1.7%. For non-term savings interest rates, Agribank is applying a threshold of 0.2%.
Readers can also refer to current bank interest rates in the table below:
Many banks have listed interest rates at high levels. 6 banks have interest rates above 7%, including: PVcomBank, HDBank, MSB, Dong A Bank. 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.
Bac A Bank applies an interest rate of 6.35% for a 24-month term, applicable to deposits over 1 billion VND. In addition, an interest rate of over 6%/year is also being listed by some banks for long-term deposits but without a minimum deposit requirement.
Deposit 100 million in Agribank savings, how much money do you receive?
Formula for calculating bank interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
If you deposit 100 million VND in savings at Agribank on November 3, 2024, depending on the deposit term and the corresponding interest rate, the amount of interest you receive is as follows:
+ Interest on 3-month Agribank savings deposit: 500,000 VND.
+ Interest on 6-month Agribank savings deposit: 1.5 million VND.
+ Interest on 9-month Agribank savings deposit: 2.25 million VND.
+ Interest on 12-month Agribank savings deposit: 4.7 million VND.
+ Interest on 24-month Agribank savings deposit: 9.6 million VND.
* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
