Deposit 500 million VND for 24 months in which bank?

Illustration: Tra My

Update 24-month bank interest rates

According to the records of Lao Dong Newspaper reporters (March 31, 2024) at more than 30 banks, the savings interest rate table currently applied to 24-month deposit terms fluctuates around 4.05 - 5.8%, depending on the bank.

In which, the bank with the highest interest rate isOCB , interest rate up to 5.8%; next is SAIGONBANK, NAM A BANK with interest rate up to 5.7%.

Other banks also have high interest rates for this term, including MB (5.6%); NCB,SHB (5.5%)...

Readers can compare 24-month interest rates of other banks through the chart below.

Compare the highest bank interest rates for 24-month terms. Chart: Tra My

The banking group Agribank , VietinBank, BIDV, the highest 24-month term interest rate is 4.8%.

In addition, readers can refer to interest rates for some other terms through the following table:

Data recorded on March 31, 2024. Table: Tra My

Deposit 500 million VND in savings, how much interest will you receive after 24 months?

You can calculate interest on bank savings deposits using the formula below:

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

For example, you deposit 500 million VND at Bank A, 24-month term and enjoy 4.8% interest rate, the amount you receive is:

500 million x 4.8%/12 months x 24 months = 48 million VND.

Or you deposit 500 million at Bank B, 24-month term and enjoy 5.8% interest rate, the amount you receive is:

500 million x 5.8%/12 months x 24 months = 58 million VND.

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-ngan-hang-cao-nhat-gui-500-trieu-dong-24-thang-o-ngan-hang-nao-1321698.ldo