Top banks with the highest interest rates
According to PV Lao Động's early morning report on August 11, 2024, PVcomBank is currently the bank with interest rates in the highest group within the entire system.
When depositing at the counter, with customers who have a new deposit balance of 2,000 billion dong or more at 12-month, 13-month, and end-of-period interest rates, customers can receive up to 9.5%/year.
Below is the detailed interest rate for depositing at the counter of PVcomBank:
With the online deposit form, PVcomBank has a much higher interest rate. However, the 12-month term in the popular product is only listed at 5.1%/year and does not list the interest rate for the 13-month term.
At other terms, PVcomBank lists interest rates of 3.35%/year for terms 1-2 months; 3.55%/year for terms 3-4-5 months; 4.5%/year for 6-month terms; 4.7%/year for terms from 7 to 11 months; 5.8%/year for 18, 24, and 36-month terms.
Below is the detailed interest rates for deposit online of PVcomBank:
In addition to PVcomBank, some other banks with high interest rates include HDBank; Dong A Bank; NCB, VRB, or OceanBank...
According to that, HDBank is currently listing a high interest rate of 8.1%/year for the 13-month term and 7.7% for the 12-month term, with a minimum balance of 500 billion dong. This bank also applies a 6% interest rate for the 18-month term.
HDBank is also one of the banks with the best interest rates for customers. Especially, HDBank lists an interest rate of up to 6%/year for the 18-month term and direct deposit at the counter.
With the online deposit form, this interest rate is even higher:
In addition to HDBank, many other banks also have an interest rate of up to 6%/year.
According to that, NCB, and OceanBank apply an interest rate of 6.1% for the 24-month term; VRB applies an interest rate of 6% for the 24 and 36-month terms; OCB applies an interest rate of 6% for the 36-month term...
Below is the detailed interest rate of some banks with high interest rates:
Customers can refer to the interest rates of some banks through the table below:
What is the interest rate for a 24-month deposit of 500 million dong?
To calculate the interest earned on a deposit at a bank, you can apply the following formula:
Interest = deposit x interest rate %/12 x number of months
For example, if you deposit 500 million dong for 24 months at Bank A with an interest rate of 4.7%/year, you can receive: 500 million dong x 4.7%/12 x 24 = 47 million dong.
With the same amount and term, if you deposit at Bank B with an interest rate of 6.1%, you will receive: 500 million dong x 5.8%/12 x 24 = 61 million dong.
* The information on interest rates is for reference only and may change over time. Please contact the nearest bank branch or hotline for specific advice.
