Top 2 banks with interest rates above 7.5% for 12-month deposits

PVcomBank's interest rate is currently the highest in the market, up to 9.5% for a 12-month term with a minimum deposit of VND2,000 billion, however customers must meet special conditions.

Under normal conditions, PVcomBank lists the highest 12-month interest rate at 5.1% when customers deposit money online and 4.8% when depositing money at the counter.

Following is HDBank with an interest rate of 7.7% for a 12-month term, with a minimum balance of VND500 billion. Under normal conditions, HDBank lists the highest 12-month interest rate at 5.6% when customers deposit money online and 5.5% when depositing money at the counter.

The top banks with the highest interest rates for 12-month terms under normal conditions include: BacABank, CBBank, NCB.

BacABank is listing the highest interest rate for a 12-month term at 5.9%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly will receive interest rates of 5.8% and 5.75%/year, respectively.

CBBank is listing the highest interest rate for a 12-month term at 5.8%/year when customers receive interest at the end of the term. For other terms, CBBank is listing online interest rates from 3.95-5.8%/year.

The highest 12-month savings interest rate at NCB is currently listed at 5.8% when customers deposit savings at An Phu. Customers depositing traditional savings only receive an interest rate of 5.7% when receiving interest at the end of the term.

How much interest do you receive if you save 400 million VND for 12 months?

You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:

For example, you deposit 400 million VND in Bank A, term 12 months and enjoy interest rate 5.9%/year, the interest received is as follows:

400 million VND x 5.9%/12 x 12 = 23.6 million VND.