PVcomBank's interest rate is currently the highest in the market, up to 9.5% for a 12-month term with a minimum deposit of VND2,000 billion. Under normal conditions, PVcomBank lists the highest 12-month interest rate at 5.1% when customers deposit money online and 4.8% when depositing money at the counter.
Next is HDBank with an interest rate of 7.7% for a 12-month term, with a minimum balance of VND500 billion. Under normal conditions, HDBank lists the highest 12-month interest rate at 5.5% when customers deposit money online and 5.4% when depositing money at the counter.
MSB is listing the highest interest rate for a 12-month term at 7%/year when customers open a new savings account or a savings account opened from January 1, 2018 that automatically renews for a 12-month term and a deposit amount of VND500 billion or more.
The top banks with the highest interest rates for 12-month terms under normal conditions include: Cake by VPBank, NCB, 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 receiving interest monthly and quarterly receive interest rates of 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6.1% when customers deposit for 24 - 36 months.
The highest interest rate for 12-month savings at NCB is currently listed at 5.8% when customers deposit savings at An Phu. Customers depositing traditional savings only receive an interest rate of 5.7% when receiving interest at the end of the term.
BacABank is listing the highest interest rate for a 12-month term at 5.9%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly will receive interest rates of 5.75% and 5.8%/year, respectively.
Currently, the highest interest rate listed by BacABank is 6.05% when customers deposit over 1 billion VND for a term of 18-36 months, receiving interest at the end of the term.
How much interest do you receive if you save 700 million VND for 12 months?
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 of deposit.
For example, you deposit 700 million VND in Bank A, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:
700 million VND x 6%/12 x 12 = 42 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 information about interest rates HERE.
