Agribank's highest interest rate, deposit 600 million VND and receive nearly 58 million VND

According to a survey by Lao Dong Newspaper reporters on October 2, Agribank's 12-month savings interest rate for individual customers is listed at 4.7%/year.

In addition, for 1-month and 2-month terms, Agribank listed interest rates at 2.1%/year. For 3 - 5 month terms, Agribank lists interest rates at 2.4%/year. The savings interest rate at Agribank for terms from 6 - 11 months is 3.5%/year. Customers depositing for 12 - 18 months receive the highest interest rate of 4.7%/year. For the 24-month term, Agribank listed the highest interest rate, at 4.8%/year.

Customers who deposit without a term and pay deposits will receive an interest rate of 0.2%/year.

Readers can quickly calculate bank deposit interest using the following formula:

For example, you deposit 100 million VND in Agribank, with an interest rate of 4.8% for a 36-month term. The interest you receive is estimated at:

Interest = 100 million VND x 4.7%/12 x 36 months = 14.4 million VND

You deposit 200 million VND in Agribank, with an interest rate of 4.8% for a 36-month term. The interest you receive is estimated at:

Interest = 200 million VND x 4.8%/12 x 36 months = 28.8 million VND

You deposit 300 million VND in Agribank, with an interest rate of 4.8% for a 36-month term. The interest you receive is estimated at:

Interest = 300 million VND x 4.8%/12 x 36 months = 43.2 million VND

You deposit 500 million VND in Agribank, with an interest rate of 4.8% for a 36-month term. The interest you receive is estimated at:

Interest = 500 million VND x 4.8%/12 x 36 months = 72 million VND

You deposit 600 million VND in Agribank, with an interest rate of 4.8% for a 36-month term. The interest you receive is estimated at:

Interest = 600 million VND x 4.8%/12 x 24 months = 57.6 million VND

Before depositing savings, readers should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.