Latest Interest Rates of Agribank, VietinBank, Vietcombank, and BIDV
According to PV Lao Động's observation of 4 banks Vietcombank, Agribank, VietinBank, and BIDV on August 9, 2024, the current interest rates for deposit are being displayed around 1.6-4.8%/year.
Among them, VietinBank has the highest interest rate (4.8% for over 24 months); Agribank ranges from 1.6-4.8%/year. Following is the interest rate of BIDV, which ranges from 1.7-4.7%/year, and Vietcombank's interest rate ranges from 1.6-4.7%/year.
Below is the detailed interest rate of the Big 4 group as follows:
Below is the updated detailed interest rate of the Big 4 group:
In addition, readers can refer to the interest rates of some other banks through the table below:
The interest rate of PVcomBank is the highest in the market, reaching 9.5% for a 12-month term with a minimum deposit of 2,000 billion VND.
Next is HDBank with a relatively high interest rate, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of 500 billion VND. This bank also applies an interest rate of 6% for an 18-month term.
MSB also applies a relatively high interest rate with a maximum interest rate of 8%/year for a 13-month term and 7% for a 12-month term. The condition for application is a new savings book or a savings book opened from January 1, 2018, automatically renewed with a 12-month, 13-month, or 24-month term, and a deposit of 500 billion VND or more.
Dong A Bank has an interest rate for deposits, with a term of 13 months or more, and an end-of-term interest rate for deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.
NCB, VRB, and OceanBank apply an interest rate of 6.1% for a 24-month term; BAC A BANK applies an interest rate of 6.05% 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 an interest rate of 6% for a 24-month and 12-month term; SaigonBank applies an interest rate of 6% for a 13, 18, and 24-month term, and 6.1% for a 36-month term.
What is the interest earned from a 200 million VND deposit at the Big 4?
To calculate the interest earned from a deposit at a bank, you can apply the following formula:
Interest = principal x interest rate %/12 x number of months
For example, if you deposit 200 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you can receive: 500 million VND x 4.7%/12 x 24 = 18.8 million VND.
With the same amount and term, if you deposit at Bank B with an interest rate of 4.8%, you will receive: 200 million VND x 4.8%/12 x 24 = 19.2 million VND.
* The information on interest rates is for reference only and may change from time to time. Please contact the nearest bank branch or hotline for specific advice.
