Cake by VPBank is listing the highest interest rate for 6-month deposits at 5.7%/year when customers receive interest at the end of the term. When customers receive interest at the beginning of the term, monthly and quarterly, they will receive interest rates of 5.48% and 5.61% and 5.65%/year, respectively.
Currently, Cake by VPBank is listing the highest interest rate at 6% when customers deposit money for a term of 12-36 months.
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.
Vikki Bank listed the highest interest rate for a 6-month term at 5.65%/year when customers deposit money online and receive interest at the end of the term. Currently, the highest interest rate Vikki Bank is listing at 6% when customers deposit money for 13 months.
For other terms, Vikki Bank lists at 0.5-6%/year.
How much interest do you receive if you deposit for 6 months?
Formula for calculating bank deposit interest:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 500 million VND in Bank A, with an interest rate of 5.7% for a 6-month term. The interest you receive is estimated at:
500 million VND x 5.7%/12 x 6 months = 14.25 million VND.
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 savings, people 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.
