Deposit 500 million and receive 57 million in interest

MBBank applies a savings interest rate range for individual customers in the range of 0.1 - 5.6%/year. Illustration photo: Tra My

MBBank listed savings interest rates from 1-5 months ranging from 3.1 - 3.54%/year.

For terms of 6-11 months, MBBank lists a savings interest rate of 4.2%/year. Customers depositing for 12-18 months receive an interest rate of 4.9-4.8%/year. Customers depositing for 24-60 months receive the highest interest rate of 5.7%/year.

Customers with non-term deposits only receive interest at 0.1%/year.

MBBank savings interest rate table on August 30, 2024. Screenshot

How much interest do you receive if you save 500 million VND?

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 500 million VND into MBBank, with an interest rate of 5.7% for a 24-month term. The interest you receive is estimated at:

500 million VND x 5.7%/12 x 24 = 57 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 advice.

Readers can refer to more articles on interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-mbbank-gui-500-trieu-nhan-57-trieu-dong-tien-lai-1386995.ldo