How much interest will I receive if I deposit money in a savings account for 24 months?

Agribank's savings interest rates are currently listed in the range of 0.2 - 4.7% per year. (Illustrative image: Tra My)

For 1-month and 2-month terms, Agribank lists interest rates at 1.6%/year. For 3-5 month terms, Agribank lists interest rates at 1.9%/year. Savings interest rates at Agribank for terms from 6-11 months are 3%/year. Customers depositing money for 12-24 months receive an interest rate of 4.7%/year.

Customers who deposit money without a fixed term or who deposit money for payment purposes will receive interest at a rate of 0.2% per year.

Agribank savings interest rate chart. Screenshot.

How much interest will I receive if I deposit savings at Agribank for 24 months?

Readers can quickly calculate bank deposit interest using the following formula:

Interest = Deposit amount x interest rate (%)/12 months x number of months deposited.

For example, if you deposit 1 billion VND into Agribank, with an interest rate of 4.7% for a 24-month term, the interest you will receive is estimated to be:

1 billion VND x 4.7%/12 x 24 months = 94 million VND.

Before depositing savings, readers should compare savings interest rates between different banks and between different terms to earn the highest possible interest.

* 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 articles about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-agribank-gui-tiet-kiem-24-thang-nhan-duoc-bao-nhieu-tien-lai-1350984.ldo