According to a survey conducted by reporters from Lao Dong Newspaper, BIDV is currently listing interest rates for individual customers ranging from 0.1-5% per year.
For individual customers depositing savings for 1 and 2 months, BIDV lists the interest rate at 1.9%/year. For terms of 3-5 months, BIDV lists the interest rate at 2.2%/year. The interest rate for savings deposits at BIDV for terms from 6-9 months is 3.2%/year. Customers depositing money for 12-18 months receive an interest rate of 4.8%/year.
Customers who deposit money for 24-36 months receive the highest interest rate of up to 5% per year.
Customers who deposit money without a fixed term will receive an interest rate of 0.1% per year.
Additionally, readers can refer to the savings interest rate tables of the remaining banks in the Big 4:
What is the maximum amount of money you can receive if you deposit 500 million VND at BIDV?
Readers can refer to the interest calculation method to find out how much interest they will receive after depositing their savings. The interest calculation formula 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 BIDV bank for a 12-month term and earn an interest rate of 3.2% per year, the interest you will receive will be as follows:
500 million VND x 3.2%/12 months x 6 months = 8 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.
Readers can find more articles about interest rates HERE.
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