Latest interest rates of Agribank, VietinBank, Vietcombank and BIDV
Recorded by Lao Dong reporter with 4 banks Vietcombank, Agribank, VietinBank and BIDV on July 22, 2024, the mobilization interest rate schedule is listed around the threshold of 1.6-4.8%/year.
Among them, VietinBank has the highest interest rate (4.8% for terms over 24 months). BIDV interest rates currently fluctuate in the range of 1.7-4.7%/year, Vietcombank interest rates currently fluctuate in the range of 1.6-4.7%/year, Agribank interest rates fluctuate in the range of 1.6-4.7 %/year.
Below are details of the latest Big 4 interest rates:
Below are detailed updates on interest rates for banks in the Big 4 group:
In addition, readers can refer to the interest rates of some other banks through the following table:
PVcomBank is listing the 12-term interest rate at 9.5%/year with a minimum deposit of 2,000 billion VND and some conditions.
Next is HDBank with quite high interest rates, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND. This bank also applies an interest rate of 6% for an 18-month term.
MSB also applies quite high interest rates with deposit interest rates at bank counters up to 8%/year for a 13-month term and 7% for a 12-month term. Applicable conditions are newly opened savings books or savings books opened from January 1, 2018 that automatically renew with deposit terms of 12 months, 13 months and deposit amount from 500 billion VND.
Dong A Bank has a deposit interest rate with a term of 13 months or more, and the interest rate at the end of the term for a deposit of 200 billion VND or more applies at an interest rate of 7.5%/year.
NCB, VRB and OceanBank apply an interest rate of 6.1% for a 24-month term; OCB applies an interest rate of 6% for a 36-month term; ABBank applies an interest rate of 6% for a 12-month term; BVBank and Cake by VPBank also apply interest rates of 6%, terms of 24 months and 12 months.
How to save 150 million VND at Big 4 to receive interest?
To calculate interest on savings at the bank, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months deposited
For example, if you deposit 150 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you can receive: 150 million VND x 4.7%/12 x 24 = 14.1 million VND.
With the same amount and term above, if you deposit savings at Bank B with an interest rate of 4.8%, the interest you receive will be: 150 million VND x 4.8%/12 x 24 = 14.4 million copper.
* Information on interest rates is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
