HDBank's highest special interest rate is up to 8.1%/year
In the latest capital mobilization interest rate table, HDBank's highlight lies in the interest rate of 8.10%/year for a 13-month term and 7.70%/year for a 12-month term.
However, this interest rate is designed as a "privilege" for VIP customers. Specifically, the bank only applies this number to counter deposits worth 500 billion VND or more and interest settlement at the end of the term. For deposits below this limit, HDBank will apply the usual listed interest rate schedule.
"Online Savings" interest rate for individual customers
For the vast majority of individual customers, the "Online Savings" form is still the optimal choice thanks to higher interest rates compared to depositing at the counter for many terms.
According to the current interest rate schedule, short-term interest rates are still very competitive: 1-2 month term is 4.20%/year; 3-5 month term is 4.30%/year.
Remarkably, the 6-month term interest rate is kept at 5.50%/year. Longer terms such as 12 months are 5.80%/year, and 13 months are 6.00%/year.
The highest annual listed interest rate for online products is 6.10%/year, for an 18-month term.
Below is the detailed "Online Savings" deposit interest rate table (%/year):
Send 250 million VND online, how much interest will you receive?
The profit calculation for the 250 million VND deposit will vary depending on the term the customer chooses. Below is the expected interest (Interest = Deposit amount x Interest rate x Number of months / 12):
1-month term: Interest rate 4.20%/year - Expected interest: 875, 000 VND
6-month term: Interest rate 5.50%/year - Expected interest: 6,875,000 VND
12-month term: Interest rate 5.80%/year - Expected interest: 14,500,000 VND
13-month term: Interest rate 6.00%/year - Expected interest: 16,250,000 VND
18-month term: Interest rate 6.10%/year - Expected interest: 22, 875, 000 VND
24-month term: Interest rate 5.50%/year - Expected interest: 27,500,000 VND
36 month term: Interest rate 5.50%/year - Expected interest: 41,250,000 VND
Thus, if depositing 250 million VND, customers choosing an 18-month term will receive the best interest rate per year (6.10%), earning nearly 23 million VND in interest.
However, if there is no need to use capital for a long time, the 36-month term will bring the highest total actual interest received, up to 41,250,000 VND, helping to maximize profit for idle money.
The above Interest Rate Table is for reference only.
