Latest Agribank deposit interest rates
According to Lao Dong reporter on September 8, deposit interest rates at Agribank are listed at around 1.7 - 4.8%, depending on the term. The 24-month term interest rate is listed at the highest level, up to 4.8%.
Slightly lower, the interest rate for 12-month, 13-month, 15-month, and 18-month savings terms is 4.7%. Next is the 6-month, 7-month, 8-month, 9-month, 10-month, and 11-month terms, Agribank's interest rate is 3.0%.
Interest rates for 4-month and 5-month terms are lower at 2%. For 1-month and 2-month terms, Agribank's interest rates are at 1.7%. For non-term savings interest rates, Agribank is applying a threshold of 0.2%.
Readers can also refer to current bank interest rates through the latest summary table below:
Interest rates of many banks continue to be listed at high levels, especially those banks that apply high rates for VIP customers with special interest rates, with up to 4 banks listed above the 7% mark.
PVcomBank currently lists the highest interest rate, up to 9.5% for a 12-month term, with conditions applied to a minimum deposit of VND 2,000 billion.
Next is HDBank with a fairly high interest rate, 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 also applies quite high interest rates with interest rates at bank counters up to 8%/year for 13-month term and 7% for 12-month term. The applicable conditions are that new savings books or savings books opened from January 1, 2018 automatically renew with a term of 12 months, 13 months and a deposit amount of 500 billion VND or more.
Cake by VPBank applies an interest rate of 6.1% for a 12-month term; NCB, and OceanBank apply an interest rate of 6.1% for a 24-month term.
BVBank and Cake by VPBank also apply 6% interest rate for 24-month and 12-month terms; VRB and Dong A Bank apply 6% interest rate for 24-month terms; SaigonBank applies 6% interest rate for 13, 18 and 24-month terms, and 6.1% for 36-month terms.
Since the beginning of September, the market has recorded two banks sharply increasing interest rates, OceanBank and Dong A Bank.
Deposit 1 billion VND in Agribank savings, how much money will you receive?
Formula for calculating bank interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
For example, you deposit 1 billion VND in savings at Agribank on September 8, 2024, depending on the deposit term and the corresponding interest rate, the amount of interest you receive is as follows:
+ Interest on 3-month Agribank savings deposit: 5 million VND.
+ Interest on 6-month Agribank savings deposit: 15 million VND.
+ Interest on 9-month Agribank savings deposit: 22.5 million VND.
+ Interest on 12-month Agribank savings deposit: 47 million VND.
+ Interest on 24-month Agribank savings deposit: 96 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.
