VCBNeo listed the highest interest rate for a 6-month term at 5.7%/year when customers deposit money online and receive interest at the end of the term. Currently, VCBNeo is listing the highest interest rate at 5.85% when customers deposit money for 12 months or more.
At the interest rate according to the 365 days/year framework, Vikki Bank lists the highest interest rate at 5.6%/year when customers receive interest at the end of the term.
ABBank is listing the highest interest rate for 6-month terms at 5.5% when customers receive interest at the end of the term. For other terms, ABBank lists interest rates from 0.5-5.8%/year.
How do you receive interest if you deposit 200 million VND for 6 months?
You can quickly calculate bank deposit interest using the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 200 million VND in Bank A, with an interest rate of 5.7% for a 6-month term. The interest you receive is estimated at:
200 million VND x 5.7%/12 x 6 months = 5.7 million VND.
Before depositing, you should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.
* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
