According to a survey by reporters of Lao Dong Newspaper, among nearly 30 banks in the system, leading the 6-month term, OCB lists the highest interest rate at 4,6%/year when customers deposit online. Regular savings customers receive interest rates lower than 0,1%, at 4,5%/year.
HDBank lists the highest interest rate for a 6-month term at 4,6%/year when customers deposit money online and receive interest at the end of the term. HDBank is listing the highest interest rate for an 18-month term at 5,7%/year.
NCB lists the highest interest rate for a 6-month term at 4,55%/year when customers deposit money in An Phu and receive interest at the end of the term. If customers deposit traditional savings, they receive an interest rate of 4,45%/year.
Cake by VPBank is listing the highest interest rate for a 6-month term at 4,5%/year when customers receive interest at the end of the term. For other terms, this bank lists interest rates from 3-5,2%/year.
VietABank is listing the highest interest rate for a 6-month term at 4,5%/year when customers deposit money online and receive interest at the end of the term. Customers who receive interest monthly receive an interest rate of 4,46%/year.
You can quickly calculate bank deposit interest through the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months deposited
For example, you deposit 1 billion VND into Bank A, with an interest rate of 4,6% for a 6-month term. The interest you receive is estimated by:
1 billion VND x 4,6%/12 x 6 months = 23 million VND.
Thus, before depositing savings, you should compare savings interest rates between banks and interest rates between terms to enjoy the highest interest.
* Information on interest rates is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.
Readers can refer to more articles on interest rates HERE.
