Latest interest rates of Agribank, VietinBank, Vietcombank and BIDV
According to Lao Dong reporters' records with 4 banks Vietcombank, Agribank, VietinBank and BIDV on September 3, 2024, the mobilization interest rate table is currently listed around the threshold of 1.6-4.8%/year.
Of which, VietinBank has the highest interest rate (4.8% for terms over 24 months); Agribank fluctuates between 1.6-4.8%/year. Following is BIDV's interest rate currently fluctuating between 1.7-4.7%/year, Vietcombank's interest rate currently fluctuates between 1.6-4.7%/year.
Below are the latest Big 4 interest rate details:
Below is a detailed update of interest rates of banks in the Big 4 group:
In addition, readers can refer to interest rates of some other banks through the following table:
PvcomBank's interest rate is currently at its highest level at 9.5% for a 12-month term, with conditions applied to a minimum deposit of VND2,000 billion.
Next is HDBank with a fairly high interest rate, 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 also applies quite high interest rates with interest rates at bank counters up to 8%/year for 13-month term and 7% for 12-month term. The applicable conditions are that new savings books or savings books opened from January 1, 2018 automatically renew with a term of 12 months, 13 months and a deposit amount of 500 billion VND or more.
Dong A Bank has a deposit interest rate, term of 13 months or more, end-of-term interest with deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.
Cake by VPBank applies an interest rate of 6.1% for a 12-month term; NCB, and OceanBank apply an interest rate of 6.1% for a 24-month term.
BVBank and Cake by VPBank also apply 6% interest rate for 24-month and 12-month terms; VRB applies 6% interest rate for 24-month terms; SaigonBank applies 6% interest rate for 13, 18 and 24-month terms, and 6.1% for 36-month terms.
How much interest do you get if you save 100 million VND at Big 4?
To calculate interest on savings deposits at the bank, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit
For example, if you deposit 100 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you can receive: 100 million VND x 4.7%/12 x 24 = 9.4 million VND.
With the same amount and term above, if you save at Bank B with an interest rate of 4.8%, the interest you receive will be: 100 million VND x 4.8%/12 x 24 = 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.
