First, Cake by VPBank is listing the highest interest rate for a 6-month term at 7.1%/year when customers receive interest at the end of the term. When customers receive interest at the beginning of the term, monthly and quarterly, they will receive interest rates of 6.04%, 6.19% and 6.24%/year respectively.
Cake by VPBank is listing the highest interest rate of 7.1% when customers deposit money from a term of 6-36 months.
BacABank lists the highest interest rate for a 6-month term at 6.5%/year when customers deposit money online, receiving interest at the end of the term. BacABank lists the highest interest rate at 6.7% when customers deposit money for terms of 18, 24, 36 and above.
Vikki Bank is listing the highest interest rate for a 6-month term at 6.5%/year when customers deposit money online, receiving interest at the end of the term. The highest term this unit is listing the highest interest rate is 13 months, at 6.7%.
How do you receive interest from a 6-month savings deposit?
Formula for calculating interest on 6-month savings deposits at banks:
Interest = Deposit amount x interest rate (%)/12 months x number of months deposited
Deposit 500 million VND into Bank A, with an interest rate of 7.1% for a 6-month term. The interest you receive is estimated at:
500 million VND x 7.1%/12 x 6 months = 17.75 million VND.
Before depositing savings, readers should compare savings interest rates between banks, interest rates between terms to enjoy the highest interest.
* Interest rate information is for reference only and may change in each period. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
