According to a survey by Lao Dong Newspaper reporters on March 4, MBBank listed savings interest rates from 1-5 months at around 2.3 - 3%/year.
For terms of 6-11 months, MBBank lists savings interest rates from 3.6 - 3.9%/year.
Customers depositing money for 12-18 months receive interest rates from 4.6-4.8%/year.
Customers who save for 24-60 months receive the highest interest rate at 5.7%/year.
Customers with non-term deposits only receive interest at 0.1%/year.
Statistics of banks with the highest savings interest rates today:
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 1 billion VND into MBBank, with an interest rate of 5.7% for a 24-month term. The interest you receive is estimated at:
1 billion VND x 5.7%/12 x 24 months = 114 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 specific advice.
Readers can refer to more articles on interest rates HERE.
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