How much money will I receive if I deposit 200 million VND in a savings account?

BIDV savings interest rates today

For individual customers depositing savings for 1 and 2 months, BIDV lists the interest rate at 1.7%/year. For terms of 3-5 months, BIDV lists the interest rate at 2%/year.

Savings interest rates at BIDV for terms of 6-9 months are 3% per year. Customers depositing money for 12-36 months receive the highest interest rate at 4.7% per year.

Customers who deposit money without a fixed term will receive an interest rate of 0.1% per year.

BIDV savings interest rate chart. Screenshot.

Additionally, readers can refer to the interest rates of the other three banks in the Big 4 group through the following table:

Interest rate table for various terms at Vietcombank, Agribank , VietinBank, and BIDV. Data recorded on May 26, 2024. Unit: %/year. Table: Khuong Duy

Unit of measurement: %/year. Chart: Khuong Duy

Interest rates at some other banks:

Data recorded on May 25th. Table: Minh Ánh

What interest rate will I receive if I deposit 200 million VND in a savings account?

You can refer to the interest calculation method to find out how much interest you will receive after depositing your savings. The formula for calculating interest is as follows:

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

For example, if you deposit 200 million VND into BIDV Bank for a 12-month term and earn an interest rate of 4.7% per year, the interest you will receive will be as follows:

200 million VND x 4.7%/12 months x 12 months = 9.4 million VND.

If you deposit 200 million VND into BIDV Bank for a 3-month term and earn an interest rate of 2% per year, the interest you will receive will be as follows:

200 million VND x 2%/12 months x 3 months = 1 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: https://laodong.vn/tien-te-dau-tu/tron-bo-lai-suat-bidv-gui-tiet-kiem-200-trieu-dong-nhan-bao-nhieu-tien-1344772.ldo