According to a survey by Lao Dong, Cake by VPBank is listing the interest rate at the end of the 1-month term at 4.3%/year. Customers who deposit for 2-5 months receive an interest rate of 4.5%/year.
Customers who deposit money for 6-11 months receive the highest interest rate of 5.9%/year. Customers who deposit money for 12-18 months receive the highest interest rate of 6%/year. Customers who deposit money for 24-36 months receive the highest interest rate of 6.3%/year.
How much interest do I receive when I save at Cake by VPBank?
You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:
Interest = Deposit x deposit interest rate %/12 x number of months of deposit.
For example:
Deposit 100 million VND into Cake by VPBank, term 6 months and enjoy interest rate 5.9%/year, the interest received is as follows:
100 million VND x 5.9%/12 months x 6 months = 2.95 million VND.
Deposit 100 million VND into Cake by VPBank, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:
100 million VND x 6%/12 months x 12 months = 6 million VND.
Deposit 100 million VND into Cake by VPBank, term 24 months and enjoy interest rate 6.3%/year, the interest received is as follows:
100 million VND x 6.3%/12 months x 24 months = 12.6 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.
Readers can refer to more articles about interest rates HERE.
