Latest interest rate fluctuations of Agribank, Vietcombank, VietinBank and BIDV

Interest rate fluctuations of Agribank , VietinBank, Vietcombank and BIDV

According to Lao Dong reporters' records with 4 banks Vietcombank, Agribank, VietinBank and BIDV in the early morning of June 23, 2024, the mobilization interest rate table is being listed around the threshold of 1.6-4.8%/year.

Of which, VietinBank has the highest interest rate (4.8% for terms over 24 months). Below are the latest details of the Big 4 interest rates:

Big 4 interest rate table on June 23, 2024.

Compare interest rates of Big 4 group. Unit: %/year. Chart: Khuong Duy

Below is a detailed update of interest rates of banks in the Big 4 group:

Updated BIDV interest rate table on June 23, 2024.

Updated VietinBank interest rate table on June 23, 2024.

Update Agribank interest rate table on June 23, 2024.

Updated Vietcombank interest rate table on June 23, 2024.

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

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

PVcomBank's highest interest rate is 9.5%/year for a 12-13 month deposit term with a minimum deposit of VND 2,000 billion.

Next is HDBank with a fairly high interest rate, 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 applies a fairly high interest rate with interest rates at bank counters of up to 8%/year for a term of 13 months. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.

Dong A Bank has a deposit interest rate, term of 13 months or more, end-of-term interest with deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.

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

How much interest do you get if you save 250 million VND at Big 4?

To calculate interest on savings deposits at the bank, you can apply the formula:

Interest = deposit x interest rate %/12 x number of months of deposit

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 can receive: 250 million VND x 4.7%/12 x 24 = 23.5 million VND.

With the same amount and term above, if you save at Bank B with an interest rate of 4.8%, the interest you 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 the nearest bank transaction point 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