Latest interest rates for Agribank , VietinBank, Vietcombank, and BIDV
According to observations by reporters from Lao Dong newspaper with four banks – Vietcombank, Agribank, VietinBank, and BIDV – on August 25, 2024, deposit interest rates are currently listed around 1.6-4.8% per year.
Among them, VietinBank offers the highest interest rate (4.8% for terms over 24 months); Agribank's rates range from 1.6-4.8%/year. Following closely behind are BIDV's rates, currently ranging from 1.7-4.7%/year, and Vietcombank's rates, currently ranging from 1.6-4.7%/year.
Here are the latest details on interest rates from the Big 4 banks:
Below is a detailed update on interest rates for the Big 4 banks:
Additionally, readers can refer to the interest rates of some other banks through the following table:
What interest rate would I receive if I deposited 300 million VND at a Big 4 bank?
To calculate the interest earned on a savings deposit at a bank, you can use the following formula:
Interest = Deposit amount x Interest rate %/12 x Number of months deposited
For example, if you deposit 300 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you could receive: 300 million VND x 4.7%/12 x 24 = 28.2 million VND.
With the same amount and term, if you deposit your savings at Bank B with an interest rate of 4.8%, the interest you will receive will be: 300 million VND x 4.8%/12 x 24 = 28.8 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/bien-dong-lai-suat-big-4-gui-300-trieu-nhan-lai-ra-sao-1383518.ldo
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