Name the 5 banks with the highest interest rates when depositing money for 6 months

CBBank is listing the highest interest rate for a 6-month term at 5.55%/year when customers deposit money online. Currently, CBBank lists the highest interest rate at 5.85% when customers deposit money for 13 months or more.

Cake by VPBank is listing the highest interest rate for a 6-month term at 5.5%/year when customers receive interest at the end of the term. For other terms, Cake by VPBank lists interest rates ranging from 3.7-6.1%/year.

NCB is listing the highest interest rate for a 6-month term at 5.45%/year when customers deposit savings at An Phu. If customers deposit traditional money, they will only receive interest rates of 5.35%/year.

NCB is listing the highest interest rate at 6.15% when customers deposit money for 18-60 months.

BacABank is listing the highest interest rate for a 6-month term at 5.45%/year when customers deposit over 1 billion VND and receive interest at the end of the term. If customers receive interest monthly and quarterly, they will only receive interest rates of 5.35%/year and 5.4%/year, respectively.

OceanBank is listing the highest interest rate for a 6-month term at 5.4%/year when customers deposit savings online. If customers deposit money at the counter, they will only receive an interest rate of 5.3%/year.

How to receive interest if saving 500 million VND for 6 months?

You can quickly calculate bank interest using the following formula:

For example, you deposit 500 million VND in Bank A, with an interest rate of 5.55% for a 6-month term. The interest you receive is estimated at:

500 million VND x 5.55%/12 x 6 months = 13.87 million VND.

So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.