Deposit 200 million, receive 47 million.

Illustration photo: Hai Nguyen

Complete list of current Vietcombank interest rates

Current savings deposit interest rates at Vietcombank range from 1.6% to 4.7%.

Specifically, Vietcombank lists interest rates of 4.7% for deposits of 24, 36, 48, and 60 months.

The interest rate for a 12-month deposit term is lower at 4.6%. Meanwhile, for 6-month and 9-month deposit terms, Vietcombank offers an interest rate of 2.9%.

Savings interest rates at Vietcombank branches on September 14, 2024. Screenshot from Vietcombank website.

Vietcombank's online savings interest rates as of September 14, 2024. Screenshot from Vietcombank website.

Vietcombank interest rate chart as of September 14, 2024. Chart by: Khuong Duy

For a 3-month deposit term, the interest rate is lower at 1.9%, while for 1-month and 2-month terms, the interest rate is 1.6%.

Currently, the lowest interest rate for demand deposits at Vietcombank is 0.1%.

Comparing Vietcombank's interest rates with those of the Big4 banks such as Agribank , VietinBank, and BIDV, it can be seen that Vietcombank's interest rates are lower across many maturities.

Additionally, readers can find updated interest rates from other banks in the table below:

Summary of current bank interest rates. Table: Ha Vy

Bank interest rates have been continuously rising sharply since the beginning of September. Accordingly,OCB increased deposit interest rates for various maturities by 0.1-0.2% per year, with interest rates for 1-8 month maturities increasing by 0.2% per year; and for 9-11 month maturities increasing by 0.1% per year.

After adjustments, the online deposit interest rates are listed at 3.9%/year for 1 month, 4%/year for 2 months, 4.1%/year for 3-4 months, and 4.5%/year for 5 months. The rates for 6-8 months are listed at 5.1%/year, and for 9-11 months at 5.1%/year.

Since the beginning of September, the market has seen eight banks increase interest rates: NCB, Agribank, GPBank, VietBank, OceanBank, Dong A Bank, Bac A Bank, and OCB. Notably, on September 13th, NCB's interest rate reached a new peak for 18-36 month terms, with a listed rate of up to 6.15% per year. Additionally, Agribank and VietBank also saw significant increases, up to 0.3% per year.

Previously, in August, the market saw 17 banks increase savings interest rates, including: Eximbank, ACB, Agribank, Sacombank, Saigonbank, VietBank, TPBank, CBBank, VIB, Dong A Bank, VPBank, Techcombank, SHB, VietBank, PVCombank, Nam A Bank, and HDBank.

Currently, PvcomBank offers the highest interest rate, reaching 9.5% for a 12-month term, subject to a minimum deposit of 2,000 billion VND.

Next is HDBank with a relatively high interest rate of 8.1%/year for a 13-month term and 7.7% for a 12-month term, provided a minimum balance of 500 billion VND is maintained. This bank also applies an interest rate of 6% for an 18-month term.

MSB also offers relatively high interest rates, with over-the-counter deposits reaching up to 8% per year for a 13-month term and 7% for a 12-month term. The conditions for this offer are: newly opened savings accounts or savings accounts opened from January 1, 2018, that are automatically renewed, with a 12-month or 13-month term, and a minimum deposit amount of 500 billion VND.

Dong A Bank offers a deposit interest rate of 7.5% per annum for terms of 13 months or more, with interest paid at the end of the term, for deposits of 200 billion VND or more.

NCB applies an interest rate of 6.15% for a 24-month term; Cake by VPBank applies an interest rate of 6.1% for a 12-month term; OceanBank applies an interest rate of 6.1% for a 24-month term. Bac A Bank applies an interest rate of 6.05% for a 24-month term.

BVBank and Cake by VPBank also apply an interest rate of 6% for 24-month and 12-month terms; VRB and Dong A Bank apply a 6% interest rate for a 24-month term; SaigonBank applies a 6% interest rate for 13, 18, and 24-month terms, and 6.1% for a 36-month term.

How much interest will I receive if I deposit 200 million VND into a Vietcombank savings account?

Formula for calculating interest on bank deposits:

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

For example, if you deposit 200 million VND into Vietcombank, depending on the deposit term and interest rate, the amount of interest you receive will be as follows:

+ 3-month term: 950,000 VND.

+ 6-month term: 2.9 million VND.

+ 9-month term: 4.35 million VND.

+ 12-month term: 9.2 million VND.

+ 24-month term: 18.8 million VND.

+ 36-month term: 28.2 million VND.

+ 48-month term: 37.6 million VND.

+ 60-month term: 47 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.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-vietcombank-cao-nhat-gui-200-trieu-nhan-47-trieu-1393438.ldo