Among nearly 30 banks in the system, PVcomBank interest rates are leading the 13-month term market when listing the highest savings interest rate at 9%/year for mass savings products. However, savings at the counter are only applied to newly opened deposit balances of VND 2,000 billion or more.
Under normal conditions, PVcomBank lists interest rates at 5%/year when customers deposit money in a traditional way.
HDBank applies an interest rate of 8.1%/year for a 13-month term with the condition of maintaining a minimum balance of VND300 billion. When customers deposit at the counter, under normal conditions, they only receive an interest rate of 5.7%/year. If they deposit online, customers receive an interest rate of 5.8%/year.
MSB is listing interest rates for newly opened savings books or savings books opened from January 1, 2018 that automatically renew with a deposit term of 13 months and a deposit amount of VND 500 billion or more applying an interest rate of 8%/year.
Under normal conditions, MSB lists the highest 13-month interest rate at 5.8 when customers deposit money online.
Under normal conditions, some banks with high interest rates for 13-month terms include: GPBank, BacABank, Cake by VPBank.
GPBank is listing the highest interest rate for 13-month deposits at 6.15%/year when customers deposit electronic savings. This is also the highest interest rate that this bank is applying for 13-36-month terms.
KienlongBank is listing the 13-month savings interest rate at 6.1% when customers deposit money online. This bank is listing the highest interest rate for a 60-month term for individual customers at 6.4%/year.
Cake by VPBank is listing the highest interest rate for individual customers for a 13-month term at 6%/year when customers receive interest at the end of the term. The highest interest rate that this bank is listing is 6.3% when customers deposit money for 24-36 months.
CBBank is listing the highest 13-month savings interest rate at 6% when customers deposit money online. For other terms, CBBank lists interest rates from 4.15-6%/year.
How much interest do you receive if you deposit 1 billion VND for 13 months?
You can refer to the interest calculation method to know how much interest you will receive after making a savings deposit. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months deposited
For example, you deposit 1 billion VND in Bank A, term 13 months and enjoy interest rate 6.15%/year, the interest received is as follows:
1 billion VND x 6.15%/12 x 13 = 66.62 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 advice.
Readers can refer to more information about interest rates HERE.
