Deposit 200 million for 2 years, how to receive interest?

Full set of current Vietcombank interest rates

Interest rates at Vietcombank are currently listed at 1.6 - 4.7%. The highest savings interest rate is 4.7%, applied to deposit terms of 24 months, 36 months, 48 ​​months and 60 months.

4.6% is the interest rate applied to 12-month deposit terms. For 6-month and 9-month terms, Vietcombank's interest rate is only 2.9%.

Deposit terms of 1 month, 2 months, the lowest interest rate is 1.6%. Deposit term of 3 months, the interest rate is 1.9%.

Interest rate for non-term savings at Vietcombank is 0.1%. Deposit within 7 days, 14 days, interest rate is 0.2%.

Vietcombank interest rates in mid-July 2024. Graphics: Minh Huy

In addition, readers can compare Vietcombank's interest rates with Agribank , VietinBank, and BIDV's latest interest rates in the table below.

Compare interest rates of Vietcombank, BIDV , VietinBank, Agribank in July 2024. Graphics: Minh Huy

Deposit 200 million in Vietcombank savings for 2 years, how much interest will I receive?

Formula for calculating bank interest:

Interest = Deposit x interest rate (%)/12 months x deposit term.

For example, you deposit 200 million in savings at Vietcombank for 2 years with an interest rate of 4.7%, the interest you can receive is as follows:

Interest = 200 million x 4.7%/12 months x 24 months = 18.8 million VND.

In addition, with the above amount, you can refer to other deposit terms below.

Interest you can receive if you deposit 200 million in savings at Vietcombank. Table: Minh Huy

* 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.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-vietcombank-moi-nhat-gui-200-trieu-2-nam-nhan-tien-lai-ra-sao-1366028.ldo