Deposit 200 million VND for 10-month term at Agribank, how much interest will I receive?

Agribank interest rates are fluctuating between 0.2 - 5.3%/year. Illustration photo: Tra My.

According to a survey by Lao Dong Newspaper reporters on November 27, Agribank's 10-month savings interest rate for individual customers is listed at 4.3%/year.

In addition, for 1-month and 2-month terms, Agribank listed interest rates at 3%/year. For 3-5 month terms, Agribank listed interest rates at 3.3%/year. Savings interest rates at Agribank for terms from 6-11 months are at 4.3%/year. Customers depositing for 12-24 months receive the highest interest rate of 5.3%/year.

Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.

Agribank savings interest rate table on November 27, 2023. Screenshot

Readers 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 200 million VND in Agribank, with an interest rate of 4.3% for a 10-month term. The interest you receive is estimated at:

Interest = 200 million VND x 4.3%/12 x 10 months = 7.16 million VND

Before making a deposit, readers 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 articles on interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/gui-200-trieu-dong-ky-han-10-thang-tai-agribank-nhan-lai-suat-bao-nhieu-1272667.ldo