6-month savings deposit, name 5 banks with the highest interest rates in November

For 6-month savings deposits, here are the top 5 banks with the highest interest rates in November. — Interest rates for savings deposits of 6 months range from 4.1% to 5.7% per year. (Illustrative image: Tra My)

According to a survey conducted by reporters from Lao Dong Newspaper (November 27, 2023) at nearly 30 banks in the system, interest rates for 6-month term savings deposits are fluctuating around 4.1 - 5.7% per year.

HDBank is currently offering an interest rate of 5.7% per annum for a 6-month term when customers deposit savings online. Under regular conditions, HDBank offers the highest interest rate of 6.5% per annum for an 18-month term when customers deposit money online.

HDBank online savings interest rate chart. Screenshot.

PVcomBank currently offers the highest interest rate for a 6-month term at 5.6% per year when customers deposit savings online and receive interest at the end of the term. Customers who receive interest periodically receive 5.53% per year.

PVComBank online savings interest rate chart. Screenshot.

OceanBank is currently offering the highest interest rate of 5.5% per year for 6-month term savings deposits when customers deposit online. Customers depositing at the counter will only receive an interest rate of 5.4% per year.

Oceanbank savings interest rate chart. Screenshot.

BaoVietBank is currently offering an interest rate of 5.5% per annum for 6-month deposits when customers deposit online and receive interest at the end of the term. Customers who receive interest periodically will receive an interest rate of 5.42% per annum.

BaoVietBank online savings interest rate chart. Screenshot.

VRB is currently offering the highest interest rate for a 6-month term at 5.5% per annum for both individual and corporate customers.

VRB online savings interest rate chart. Screenshot.

If I deposit 500 million VND for a 6-month term, what interest will I receive?

With your spare money, you can deposit it in a savings account to earn interest. You can quickly calculate the interest earned from a bank deposit using the following formula:

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

For example, you deposit 500 million VND into Bank A, with an interest rate of 5.7% for a 6-month term. The interest you will receive is estimated to be:

Interest = 500 million VND x 5.7%/12 x 6 months = 14.25 million VND.

Therefore, before depositing your savings, you 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.

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