According to a survey conducted by Lao Dong newspaper with nearly 30 banks in the system on October 15, 2023, the majority of banks are listing interest rates for 24-month terms below 7% per year.
Leading the pack is PVcomBank, currently offering the highest interest rate of 6.8% per year for 24-month term savings deposits when customers deposit online.
Oceanbank offers the highest interest rate of 6.5% per annum for a 24-month term when customers deposit savings online and receive interest at the end of the term. Customers depositing savings at the counter only receive an interest rate of 6.4% per annum.
SHB is currently offering the highest 24-month interest rate at 6.4% per annum for online savings deposits.
In addition to the banks listed above, readers can also refer to the interest rate tables of other banks as of October 15, 2023 below:
If you deposit 1 billion VND in a 24-month term savings account, you will receive 136 million VND in interest.
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 1 billion VND into Bank A for a 24-month term and earn an interest rate of 6.8% per year, the interest you will receive will be as follows:
1 billion VND x 6.8%/12 months x 24 months = 136 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.
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