VPBank savings interest rates for deposits of 500 million 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.
With an amount of 500 million VND, customers belong to the group from 300 million VND to under 1 billion VND.
Specifically, VPBank online interest rates for deposits of 500 million VND are recorded 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 8.6%/year.
VPBank's savings interest rate for terms of 13-24 months is 7.9%/year.
VPBank's savings interest rate for a term of 36 months is 5.6%/year.
The savings interest rate of 8.6%/year for a term of 6-12 months is a noteworthy high for a deposit of 500 million VND. However, if considering the total amount of interest received, the 36-month term gives the highest interest because the deposit period is longer.
Deposit 500 million 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 a deposit of 500 million VND at VPBank, the interest amount for reference according to some terms is as follows:
Deposit 500 million VND for a 3-month term, VPBank savings interest rate 4.75%/year, receive about 5.94 million VND.
Deposit 500 million VND for a 6-month term, VPBank savings interest rate 8.6%/year, receive about 21.5 million VND.
Deposit 500 million VND for a 9-month term, VPBank savings interest rate is 8.6%/year, receiving about 32.25 million VND.
Deposit 500 million VND for a 12-month term, VPBank savings interest rate 8.6%/year, receive about 43 million VND.
Deposit 500 million VND for a 13-month term, VPBank savings interest rate is 7.9%/year, receiving about 42.79 million VND.
Deposit 500 million VND for a 24-month term, VPBank savings interest rate 7.9%/year, receive about 79 million VND.
Deposit 500 million VND for a 36-month term, VPBank savings interest rate is 5.6%/year, receiving about 84 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 be based on one or more 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.
