Latest updated deposit interest rates at Agribank
Currently, Agribank has increased interest rates, the highest rate reaching 4.8%/year applied for 24-month term. Other interest rates include:
Term 12-18 months: 4.7%/year.
Term 6-11 months: 3.5%/year.
Term 1-5 months: 2.2%-2.5%/year.
No term: 0.2%/year.
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.
Bac A Bank applies an interest rate of 6.25% for a term of 18-36 months, applicable to deposits over 1 billion VND.
Deposit money at Agribank, how to receive interest after 24 months?
Formula for calculating bank interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
With a deposit of 150 million VND, if choosing a 24-month term with an interest rate of 4.8%/year, the interest received is calculated as follows:
Interest = 150,000,000 × 4.8%/12 × 24 = 14,400,000 VND.
The total principal and interest the customer receives after 24 months will be 164,400,000 VND, including principal and interest.
If you deposit 350 million VND with the same term and interest rate, the interest amount is:
Interest = 350,000,000 × 4.8%/12 × 24 = 33,600,000 VND.
The total principal and interest the customer receives after 24 months is 383,600,000 VND.
Readers need to monitor regularly to understand the interest rate, ensuring optimization of their deposit.
* 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.