Latest Vietcombank interest rate fluctuations

Vietcombank interest rates today

Vietcombank lists interest rates for individual customers depositing savings for 7-14 days at 0.2%. For customers depositing savings for 1 and 2 months, Vietcombank lists an interest rate of 1.7%/year. For a 3-month term, Vietcombank lists an interest rate of 2%/year.

Customers depositing money for terms of 6-9 months receive an interest rate of 3% per year. Customers depositing money for 12-60 months receive the highest interest rate of 4.7%.

Customers who deposit money without a fixed term will receive an interest rate of 0.1% per year.

You may also like

Many policies have been implemented to facilitate the flow of credit.Savings interest rates have not cooled down recently as the demand for capital in the economy increases. Policies aimed at stabilizing interest rates, reducing liquidity stress, and facilitating capital flows are being implemented.

The North American Free Trade Area is showing signs of 'internal conflict'.The U.S. decision not to renew the U.S.-Mexico-Canada Agreement (USMCA) could spell the end of the North American free trade area.

Two banks have emerged offering interest rates exceeding 7% for 12-month deposits.

Vietcombank savings interest rate table as of January 31, 2024. Screenshot.

You can refer to the interest calculation method to find out how much interest you will receive after depositing your savings. The formula for calculating interest is as follows:

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

For example, if you deposit 500 million VND into Vietcombank for a 12-month term and earn an interest rate of 4.7% per year, the interest you will receive will be as follows:

500 million VND x 4.7%/12 months x 12 months = 23.5 million VND.

United States - Vietnam: Don't miss

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.

* 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.

Readers can find more articles about interest rates HERE.

Source