According to a survey conducted by Lao Dong newspaper on February 18, 2024, involving nearly 30 banks in the system, PVcombank's interest rate is leading the market for 13-month terms.
PVcomBank is currently offering the highest savings interest rate of 10% per annum for a 13-month term, applicable to mass savings products, for deposits made at the counter with a minimum balance of 2,000 billion VND. This interest rate has decreased by 0.5% compared to the beginning of December 2023.
Under normal conditions, PVcomBank is currently offering the highest interest rate for a 13-month term at 4.8% per annum when customers deposit savings at the counter.
In second place, HDBank offers an interest rate of 8.2% per year for a 13-month term, provided a minimum balance of 300 billion VND is maintained. When depositing at the counter, customers typically receive only 5.1% per year. If depositing online, customers receive 5.2% per year.
Cake by VPBank is currently offering the highest interest rate for a 13-month term at 5.7% per annum when customers receive interest at the end of the term. Currently, Cake by VPBank is offering interest rates ranging from 4.4% to 5.7% per annum.
CBBank is currently offering the highest interest rate of 5.5% per annum for 13-month deposits made online. This is also the highest interest rate offered by CBBank for any term.
BaoVietBank is currently offering the highest interest rate of 5.5% for 13-month deposits when customers deposit online and receive interest monthly. Customers who receive interest at the end of the term will receive an interest rate of 5.3% per year.
NamABank is currently offering the highest interest rate of 5.4% per annum for a 13-month term when customers deposit money online and receive interest at the end of the term. NamABank's current interest rates range from 0.5% to 5.8% per annum.
NCB is currently offering the highest interest rate of 5.3% per year for 13-month term deposits at An Phu Savings, with interest paid at the end of the term. Customers with traditional savings accounts receive an interest rate of 5.15% per year.
If you deposit 800 million VND in a savings account, how much interest will you receive after 13 months?
You can refer to the interest calculation method to find out how much interest you will receive after depositing your savings. To calculate interest, you can apply the following formula:
Interest = Deposit amount x Interest rate %/12 x Number of months deposited.
For example, if you deposit 800 million VND into Bank A for a 13-month term and earn an interest rate of 5.7% per year, the interest received will be as follows:
800 million VND x 5.7%/12 x 13 = 49.4 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 information about interest rates HERE.
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