A bank appears with an interest rate of 7.7% for 12-month savings deposits

PVcomBank's interest rate is currently the highest in the market, up to 9% for a 12-month term with a minimum deposit of VND 2,000 billion.

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 that, 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 interest rates from 5.8% for 12-month terms under normal conditions include: GPBank, Cake by VPBank...

Cake by VPBank is listing the highest interest rate for 12-month terms at 6%/year when customers receive interest at the end of the term. For other terms Cake by VPBank lists interest rates from 4.28 - 6%/year.

GPBank is listing the highest 12-month interest rate at 5.95%/year for customers making electronic savings deposits. Currently, the highest interest rate listed by this bank is 5.95% for a term of 13 - 36 months.

How much interest do you receive if you deposit for 12 months?

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

For example, you deposit 200 million VND in Bank A, term 12 months and enjoy interest rate 6.05%/year, the interest received is as follows:

200 million VND x 6.05%/12 x 12 = 12.1 million VND.

For example, you deposit 1 billion VND in Bank A, term of 12 months and enjoy interest rate of 6.05%/year, the interest received is as follows:

1 billion VND x 6.05%/12 x 12 = 60.5 million VND.