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 high interest rates for 12-month savings under normal conditions include: Cake by VPBank, GPBank, Vikki Bank...
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. Customers receiving interest at the beginning of the term, monthly and quarterly, receive interest rates of: 5.53%; 5.73%; 5.76%, respectively.
For other terms Cake by VPBank lists interest rates from 4.18 - 6%/year.
GPBank is listing the highest 12-month interest rate at 5.95%/year for customers making electronic savings deposits. Currently, GPBank is listing interest rates from 0.5-5.95% for 13-36 month terms.
Vikki Bank is listing the highest interest rate for 12-month deposits at 5.95% when individual customers deposit money online and receive interest at the end of the term. Currently, Vikki Bank is listing the highest interest rate at 6%/year for a 13-month term.
How to receive interest on 12-month savings?
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:
Interest = deposit x interest rate %/12 x number of months deposited
For example, people deposit 100 million VND in Bank A, term 12 months and enjoy interest rate 6%/year, the interest received is as follows:
100 million VND x 6%/12 x 12 = 6 million VND.
Deposit 200 million VND in Bank A, term of 12 months and enjoy interest rate of 6%/year, the interest received is as follows:
200 million VND x 6%/12 x 12 = 12 million VND.
* 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 information about interest rates HERE.
