Deposit 500 million at BIDV and receive 47 million interest

Depositing 500 million VND in a BIDV savings account yields an interest rate of 47 million VND. (Illustrative image: Tra My)

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.

What interest rate will I receive if I deposit 500 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 500 million VND into BIDV Bank for a 36-month term and earn an interest rate of 4.7% per year, the interest you will receive will be as follows:

500 million VND x 4.7%/12 months x 24 months = 47 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 articles about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/gui-tiet-kiem-500-trieu-o-bidv-nhan-lai-suat-47-trieu-dong-1375760.ldo