100 million VND deposit in Vietcombank for 1 month, how much interest will I receive?

Individual customers who deposit money without a term at Vietcombank will receive an interest rate of 0.1%/year. Photo: Tra My

According to a survey on November 28, for individual customers making savings and term deposits (in VND) from 1 and 2 months, Vietcombank listed the interest rate at 2.6%/year. For 3-month term, it is 2.9%/year and for 6-9 months, it is 3.9%/year. Savings and term interest rates at Vietcombank for 12-60 months are both at the highest level of 5.0%/year.

Customers who deposit money without a term will receive interest at 0.1%/year and deposits from 7 - 14 days will receive 0.2%.

Vietcombank's personal savings interest rate table on November 28, 2023. Screenshot

For corporate customers, deposit interest rates at Vietcombank range from 2.5 - 4.5%/year. Specifically, for terms of 1 and 2 months, customers receive an interest rate of 2.5%/year. The interest rate for term 3 deposits is 2.8%, and for terms of 6 - 9 months is 3.8%/year.

The highest interest rate of 4.5%/year is applied for terms from 12 to 60 months. Non-term deposits will be listed with a low interest rate of 0.2%/year.

Vietcombank's corporate savings interest rate table on November 28, 2023. Screenshot

To quickly calculate bank interest, you can apply the interest calculation formula:

Interest = Deposit x interest rate/12 months x actual number of months of deposit

Specifically, in the case of an individual customer depositing 100 million VND at Vietcombank for a 1-month term with an interest rate of 2.6%. The interest received is as follows: 100 million VND x 2.6%/12 x 1 month = 216,666 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.

Source: https://laodong.vn/kinh-doanh/100-trieu-dong-gui-tiet-kiem-vietcombank-1-thang-nhan-lai-suat-bao-nhieu-1273193.ldo