According to a survey by Lao Dong Newspaper reporter, the top 3 banks listing the highest savings interest rates are ABBank, NCB, and Cake by VPBank.
NCB is listing the highest interest rate for a 6-month term at 5.35%/year when customers deposit money in An Phu. If customers deposit traditional money, they only receive interest rates at 5.25%/year.
ABBank is listing the highest interest rate for a 6-month term at 5.3%/year, the interest rate at the end of the term. Customers receive interest on funds and receive a lower interest rate at 5.27%/year.
Cake by VPBank is listing the highest interest rate for a 6-month term at 5.2%/year when customers receive interest at the end of the term. For other terms, CBBank lists interest rates ranging from 3.69-6%/year.
How to deposit 1 billion VND in savings for 6 months and receive interest?
You can quickly calculate bank deposit interest through the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 1 billion VND into Bank A, with an interest rate of 5.3% for a 6-month term. The interest you receive is estimated by:
1 billion VND x 5.3%/12 x 6 months = 26.5 million VND.
Thus, before depositing savings, you should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.
* Information on interest rates 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 about interest rates HERE .
