Deposit 2 billion VND and receive nearly 94 million VND.

Interest rates on 10-month term savings accounts at banks are currently fluctuating between 3.5% and 5.6%. (Illustrative image: Tra My)

According to a report by Lao Dong newspaper on December 25, 2023, interest rates for 10-month term savings deposits are fluctuating between 3.5% and 5.6% per year. OceanBank leads the list of banks offering the highest interest rates for the 10-month term.

Specifically, OceanBank lists an interest rate of 5.6% per annum for a 10-month term when customers deposit money online. Customers depositing money at the counter only receive an interest rate of 5.5% per annum.

OceanBank savings interest rate table as of December 25, 2023. Screenshot.

KienLongBank lists an interest rate of 5.6% per annum for 10-month deposits when customers deposit money online. Corporate customers enjoy an interest rate of 5.5% per annum.

KienLongBank savings interest rate table as of December 25, 2023. Screenshot.

NCB offers an interest rate of 5.45%/year for a 10-month term deposit at An Phu Savings. Currently, NCB's interest rate schedule for December ranges from 0.5% to 6%/year, with the highest rates for terms of 15 months or more.

NCB savings interest rate table as of December 25, 2023. Screenshot.

Below is a comparison table of 10-month term savings interest rates across nearly 30 banks for your reference:

Graphics: Tuyet Lan

Deposit 2 billion VND for 10 months and receive a maximum of nearly 94 million VND.

Depending on the bank and its interest rate structure, customers will receive a corresponding amount of interest. To quickly calculate the interest earned on a savings deposit, readers can use the following formula:

Interest = Deposit amount x Interest rate %/12 x Number of months deposited.

For example, for a 10-month term, if a customer deposits 2 billion VND at Bank A with an interest rate of 5.6% per year, the interest will be calculated as follows:

Interest = 2 billion VND x 5.6%/12 months x 10 months = 93.33 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.

Readers can find more information about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-cao-nhat-10-thang-gui-tiet-kiem-2-ti-dong-nhan-gan-94-trieu-dong-1284053.ldo