Highest interest rate for an 11-month term.
A survey conducted by PV Lao Động (September 19, 2023) with 20 banks in the system showed that the interest rate for 11-month savings deposits is currently being quoted by banks around 4.5-6.65% per year.
Among them, NCB currently offers the highest interest rate for this term. If you deposit savings at An Phu, you will receive an interest rate of 6.65% per year. If you deposit savings through a traditional savings account, the interest rate will be 6.5% per year.
Following SCB, which listed an 11-month interest rate of 6.35%/year, DongAbank listed it at 6.3%/year.
Additionally, readers can refer to the interest rates of other banks below:
I deposited 600 million VND and received over 36.5 million VND after 11 months.
To quickly calculate interest earned on bank deposits, you can use the following formula:
Interest = Deposit amount x interest rate / 12 months x actual number of months deposited
For example, if you deposit 600 million VND at bank A for a 10-month term with an interest rate of 6.65%, the interest earned would be calculated as follows: 600 million VND x 6.65%/12 x 11 months = 36.575 million VND.
With the same amount and term, if you deposit your savings at bank B with an interest rate of 4.5%/year, the amount you could receive would be: 600 million VND x 4.5%/12 x 11 months ≈ 24.75 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
![[Photo] Prime Minister Pham Minh Chinh presides over the conference announcing the establishment of the International Finance Centre in Vietnam.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F21%2F1766309817714_ndo_br_dsc-3400-jpg.webp&w=3840&q=75)
Comment (0)