According to the reporter of Lao Dong Newspaper on February 20, the savings deposit interest rate of the Bank for Agriculture and Rural Development (Agribank) fluctuates in the range of 2.6 - 5.3%/year. Compared to the previous period, this interest rate schedule has been adjusted upwards, attracting the attention of a large number of individual customers.
Detailed Agribank interest rate table at the counter
Currently, the savings deposit interest rate schedule at Agribank counters is specifically listed as follows:
1-month term: 2.6%/year.
3-month term: 2.9%/year.
Term of 6 - 11 months: 4.0%/year.
12 months term: 5.2%/year.
24 - 36 month term: 5.3%/year (Highest interest rate).
Deposit 100 million VND at Agribank, how much interest will you receive?
To quickly calculate the amount of interest received, customers can apply the formula:
Monthly interest = Deposit amount x interest rate (%/year)/12 x number of months deposited
Below is a table of actual interest calculation for a deposit of 100 million VND at Agribank based on the latest interest rate schedule:
Thus, if customers deposit 100 million VND for a 24-month term at Agribank, the total interest received after settlement will be 10.6 million VND. If choosing a 12-month term, the interest amount is 5.2 million VND.
Interest rate information is for reference only and may change depending on the period.
