As Lunar New Year approaches, many people receive their Tet Bonus and consider options to make this money grow safely. Saving in the bank is the preferred option, due to its stability and clear interest rates.
Agribank currently announces savings interest rates for individual customers with many different terms. Notably, the highest interest rate is 4.8%/year, applied for a 24-month term. This means that if you deposit 100 million VND in this term, after 2 years you will receive a total of 9.6 million VND in interest.
In addition, if you choose a shorter term such as 12 months or 18 months, the interest rate is also quite attractive at 4.7%/year, equivalent to 4.7 million VND per year. For more flexible amounts, terms from 6 to 11 months have an interest rate of 3.5%/year, bringing in 3.5 million VND in interest after one year of deposit.
Which option is right?
Long term (24 months): Suitable if you have idle money for a long time and want to optimize interest rates.
Medium term (12-18 months): More flexible while still enjoying near-highest interest rates.
Short term (6-11 months): For those who need to withdraw money in a short period of time.
Choosing the right deposit term not only ensures the best return but also helps you manage your finances effectively in the new year.
Consider carefully and choose the most reasonable savings option so that your Tet Bonus not only retains its value but also increases in value.
Bank interest rates today: Many good interest rates above 7.5%. See details HERE.
