Receive an interest rate of 8.9% when depositing savings from 50 million VND for a 12-month term

Top banks with high interest rates for 12-month savings include: Cake by VPBank, BacABank, PGBank, VCB Neo,...

CAKE by VPBank is listing the highest interest rate for a 12-month term at 7.4%/year when customers receive interest at the end of the term. Customers receiving interest at the beginning of the term, monthly, receive interest rates of: 6.59%; 7.02%; 7.08% respectively.

CAKE by VPBank has a preferential interest rate program for first-time depositors plus interest up to 1.5%/year (minimum value from 100 thousand VND).

BAC A BANK is listing the highest interest rate for a 12-month term at 7.1% when individual customers deposit online over 1 billion VND, receiving interest at the end of the term. This is also the highest interest rate BAC A BANK is listing.

PGBank is listing the highest interest rate for a 12-month term at 7%/year when customers deposit money online and receive interest at the end of the term.

VCBNeo is listing the highest interest rate for a 12-month term at 7% when individual customers deposit money online and receive interest at the end of the term. This is also the highest interest rate VCBNeo lists for a term of 6-12 months.

How much interest do you receive when depositing for 12 months?

You can refer to how to calculate interest to know how much interest you receive after depositing savings. To calculate interest, you can apply the formula:

For example, if people deposit 50 million VND into Bank A, with a term of 12 months and enjoy an interest rate of 8.9%/year, the interest received is as follows:

50 million VND x 8.9%/12 x 12 = 4.45 million VND.

For example, if people deposit 100 million VND into Bank A, with a term of 12 months and enjoy an interest rate of 8.9%/year, the interest received is as follows:

100 million VND x 8.9%/12 x 12 = 8.9 million VND.