Leading the 12-month savings interest rate table, PVcomBank lists interest rates up to 9.5%/year. However, to enjoy this high interest rate, customers need to meet the conditions of depositing a minimum of 2,000 billion VND at the counter and only applies to products that receive interest at the end of the period.
HDBank lists the highest 12-month savings interest rate at 7.7%/year with the condition of maintaining a minimum balance of 300 billion VND. Under normal conditions, when depositing online savings for a 12-month term, customers receive an interest rate of 5.5%/year. If customers deposit money at the counter, they will only receive an interest rate of 5.4%/year.
Under normal conditions, the 3 banks with the highest 12-month savings interest rates include Cake by VPBank, ABBank, and BacABank.
Cake by VPBank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers who receive interest monthly and quarterly receive interest rates at 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6.1% when customers deposit money for 24-36 months.
ABBank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers who receive interest in advance, monthly and quarterly receive interest rates at 5.66%, 5.84% and 5.87%/year, respectively.
BacABank is listing the highest 12-month interest rate at 5.8% when customers receive interest at the end of the period. Customers who receive interest quarterly and monthly only receive interest rates at 5.7% and 5.65%.
Deposit 500 million VND in savings for 12 months, how much interest will you receive?
You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months deposited
For example, you deposit 500 million VND into Bank A, for a 12-month term and earn an interest rate of 6%/year, the amount of interest received is as follows:
500 million VND x 6%/12 x 12 = 30 million VND.
* Information about interest rates 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 information about interest rates HERE .
