Agribank interest rate is high, deposit 150 million VND, how much money will you receive

Update deposit interest rates at Agribank

The Vietnam Bank for Agriculture and Rural Development (Agribank) has adjusted its VND deposit interest rate up, with the highest current interest rate reaching 4.8%/year for a 24-month term.

Below is the table of savings interest rates for individual customers at Agribank:

How to receive interest when depositing money at Agribank?

Formula for calculating bank interest:

With a deposit of 150 million VND at Agribank, customers can receive the following interest:

1 month term (interest rate 2.2%/year):

Interest = 150 million VND × 2.2% / 12 × 1 month = 275,000 VND.

6-month term (interest rate 3.5%/year):

Interest = 150 million VND × 3.5% / 12 × 6 months = 2,625,000 VND.

24-month term (interest rate 4.8%/year):

Interest = 150 million VND × 4.8% / 12 × 24 months = 14,400,000 VND.

Note that the above interest amount is calculated by the interest payment method at the end of the period and is for reference only. For the most detailed and updated information, customers should contact the nearest Agribank branch directly or visit the bank's official website.

Readers can refer to the interest rates of some banks through the following table:

Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.

PVcomBank is currently leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND2,000 billion.

Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.

MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.

Dong A Bank has a deposit interest rate of 13 months or more, with the final interest rate applied to deposits of 200 billion VND or more at 7.5%/year. This bank also applies an interest rate of 6.1% for a 24-month term.

Bac A Bank applies an interest rate of 6.25% for a term of 18-36 months, applicable to deposits over 1 billion VND.