Deposit 1 billion VND and receive huge interest of 67 million VND

Highest 12-month interest rate 6.7%: Deposit 1 billion VND, receive huge interest of 67 million VND — Illustration: Tra My.

According to a reporter's survey of nearly 30 banks in the system, the banks listing the highest 12-month savings interest rates include: NCB (6.7%/year), CBBank (6.6%/year), PVcomBank (6.5%/year), BAOVIETBank (6.5%/year)...

NCB (National Bank)

Leading the 12-month term ranking, NCB listed the highest interest rate at 6.7%/year for An Phu savings. For traditional savings, NCB is listing the interest rate at 6.55%/year when customers receive interest at the end of the term.

NCB is listing the highest interest rate at 6.7%/year for terms: 12 months, 13 months.

NCB bank savings interest rate table. Screenshot.

CBBank (Construction Bank)

For a 12-month term, CBBank is listing online savings interest rates at 6.6%/year.

In addition, for the 13-month term, CBBank is listing online savings interest rates at 6.7%/year. This is also the highest savings interest rate CBBank is listing.

CBBank savings interest rate table. Screenshot.

PVcomBank (Vietnam Public Joint Stock Commercial Bank)

For the 12-month term, PVcomBank is listing an interest rate of 6.5%/year when customers deposit savings online and receive interest at the end of the term. Customers only receive an interest rate of 6.31%/year when depositing savings online and receiving interest periodically.

In addition, PVcomBank is listing the highest interest rate of 6.8%/year when customers deposit online for terms of 18, 24, 36 months.

BaoVietBank (Bao Viet Bank)

For a 12-month term, BaoVietBank is listing the highest interest rate at 6.5% when customers deposit savings online.

BaoVietBank savings interest rate table. Screenshot.

Below is a comparison table of 12-month savings interest rates compiled by PV of Lao Dong Newspaper in a system of nearly 30 banks, readers can refer to:

How much interest do I receive if I deposit 1 billion VND for a 12-month term?

With your idle money, you can save it to earn interest. You can quickly calculate bank interest using the following formula:

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

For example, you deposit 1 billion VND in Bank A, with an interest rate of 6.7% for a 12-month term. The interest you receive is estimated at:

Interest = 1 billion x 7.1%/12 x 12 months = 67 million VND.

So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.

* 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.

Readers can refer to more information about interest rates HERE.

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