VPBank savings interest rates for deposits of 1 billion VND
According to the VND deposit interest rate schedule for VPBank's individual customers, the online deposit channel is divided according to each deposit amount. For an amount of 1 billion VND, customers belong to the group of 1 billion VND to under 3 billion VND.
In this group, VPBank online savings interest rates are recorded at 8.7%/year for terms from 6-12 months; 8.0%/year for terms of 13-24 months and 5.6%/year for terms of 36 months.
Specifically, VPBank online savings interest rates for deposits of 1 billion VND are as follows:
VPBank's savings interest rate for terms of 1-5 months is 4.75%/year.
VPBank's savings interest rate for terms of 6-12 months is 8.7%/year.
VPBank's savings interest rate for terms of 13-24 months is 8.0%/year.
VPBank's savings interest rate for a term of 36 months is 5.6%/year.
The interest rate of 8.7%/year in the 6-12 month term group is a noteworthy level for deposits from 1 billion VND. If considering the total interest received, the 36-month term gives the highest interest because the deposit period is longer.
Deposit 1 billion VND at VPBank, how much interest will you receive?
To calculate savings deposit interest, customers can apply the formula:
Interest = Deposit amount x interest rate %/year x number of months deposited/12 months
For the deposit of 1 billion VND at VPBank, the interest amount for reference according to some main terms is as follows:
Deposit 1 billion VND for a 3-month term, VPBank savings interest rate 4.75%/year, receive about 11.88 million VND.
Depositing 1 billion VND for a 6-month term, VPBank savings interest rate is 8.7%/year, receiving about 43.5 million VND.
Depositing 1 billion VND for a 9-month term, VPBank savings interest rate is 8.7%/year, receiving about 65.25 million VND.
Depositing 1 billion VND for a 12-month term, VPBank savings interest rate is 8.7%/year, receiving about 87 million VND.
Deposit 1 billion VND for a 13-month term, VPBank savings interest rate 8.0%/year, receive about 86.67 million VND.
Deposit 1 billion VND for a 24-month term, VPBank savings interest rate 8.0%/year, receive about 160 million VND.
Depositing 1 billion VND for a 36-month term, VPBank savings interest rate is 5.6%/year, receiving about 168 million VND.
Depositors need to note that the above interest rate table is the interest rate table approved by the competent authority. According to VPBank's notes, the approval levels can base on a number of criteria such as total AUM balance, transaction time, customer rating, number of products used, competitiveness with competing banks and business orientation for each period.
Before depositing savings, customers should check VPBank's interest rate at the time of transaction, deposit product, interest receipt method and applicable conditions. The actual interest received may change depending on the deposit date, term and bank regulations.
