For the 1-month term, when customers receive interest at the end of the term, Cake by VPBank lists the interest rate at 4.1%/year - the highest among banks.
Customers who deposit for 2-5 months and receive interest at the end of the term will receive an interest rate of 4.3%/year. For 6-11 months, customers will receive an interest rate of 5.3%/year. For 12-18 months, Cake by VPBank lists the interest rate at 5.8%/year.
Notably, the highest interest rate in Cake by VPBank terms is listed at 6.1%/year when customers deposit money for 24-36 months.
How much interest do I get if I save 500 million VND?
You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:
Interest = Deposit x deposit interest rate %/12 x number of months of deposit.
For example, you deposit 500 million VND into Caky by VPBank, term 24 months and enjoy interest rate 6.1%/year, the interest received is as follows:
500 million VND x 6.1%/12 months x 24 months = 61 million VND
* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles about interest rates HERE.
