Latest interest rate fluctuations at Agribank, Vietcombank, VietinBank, and BIDV.

Interest rate fluctuations at Agribank , VietinBank, Vietcombank, and BIDV.

According to observations by reporters from Lao Dong newspaper at four banks – Vietcombank, Agribank, VietinBank, and BIDV – early on the morning of June 23, 2024, deposit interest rates are currently listed around 1.6-4.8% per year.

Among them, VietinBank offers the highest interest rate (4.8% for terms over 24 months). Below are the details of the latest interest rates from the Big 4 banks:

Big 4 Interest Rate Table as of June 23, 2024.

Comparison of interest rates at the Big 4 banks. Unit: %/year. Chart: Khuong Duy

Below is a detailed update on interest rates for the Big 4 banks:

Updated interest rate schedule for BIDV as of June 23, 2024.

VietinBank's interest rate schedule updated on June 23, 2024.

Updated interest rate schedule of Agribank as of June 23, 2024.

Updated Vietcombank interest rate schedule as of June 23, 2024.

Additionally, readers can refer to the interest rates of some other banks through the following table:

Data recorded on June 23, 2024. Table: Ha Vy

PVcomBank offers the highest interest rate at 9.5% per year for deposits of 12-13 months with a minimum deposit of 2,000 billion VND.

Next is HDBank with a relatively high interest rate of 8.1%/year for a 13-month term and 7.7% for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND.

MSB also offers relatively high interest rates, with over-the-counter deposits reaching up to 8% per year for a 13-month term. The conditions for this offer are: newly opened savings accounts or savings accounts opened from January 1, 2018, that are automatically renewed, with a 12-month or 13-month term, and a minimum deposit amount of 500 billion VND.

Dong A Bank offers a deposit interest rate of 7.5% per annum for terms of 13 months or more, with interest paid at the end of the term, for deposits of 200 billion VND or more.

NCB and OceanBank offer an interest rate of 6.1% for a 24-month term; OCB offers a 6% interest rate for a 36-month term; Cake by VPBank also offers a 6% interest rate for a 24-month term.

What interest rate will I receive if I deposit 250 million VND at a Big 4 bank?

To calculate the interest earned on a savings deposit at a bank, you can use the following formula:

Interest = Deposit amount x Interest rate %/12 x Number of months deposited

For example, if you deposit 250 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you could receive: 250 million VND x 4.7%/12 x 24 = 23.5 million VND.

With the same amount and term, if you deposit your savings at Bank B with an interest rate of 4.8%, the interest you will receive will be: 250 million VND x 4.8%/12 x 24 = 24 million VND.

* Interest rate information is for reference only and may change from time to time. Please contact your nearest bank branch or hotline for specific advice.

Source: https://laodong.vn/tien-te-dau-tu/bien-dong-lai-suat-agribank-vietcombank-vietinbank-va-bidv-moi-nhat-1355220.ldo