Highest 6-month interest rate, deposit 1 billion and receive nearly 28 million VND

Highest 6-month interest rate, deposit 1 billion and receive nearly 28 million VND. Photo by Tra My

Compare 6-month interest rates

According to Lao Dong reporters (9:30 a.m. on December 3, 2023) at more than 20 banks, the 6-month savings interest rate ranges from 4.3 - 5.4%, depending on the bank.

Of these, HDBank has the highest interest rate, up to 5.5% when customers deposit savings online. Next is OCeanBank, with a half-year interest rate of 5.4%. Third is NCB, with an interest rate of 5.35%.

Banks listing interest rates of 5.2% for this term include: KienlongBank,SHB . Meanwhile, PVcomBank is 0.1 percentage point higher, listing interest rates at 5.3%.

Latest 6-month term interest rate comparison chart. Graphics: Minh Huy

Meanwhile, banks with low interest rates, only at 4.3% include: Agribank , BIDV, Vietinbank. The group of banks listed at 4.9% interest rates include: NamABank, DongABank, Techcombank.

Deposit 1 billion in savings, after 6 months how much interest can I receive at most?

Depending on the interest rate schedule of each bank, depositors can calculate the interest received according to the formula:

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

For example, at a 6-month savings term, you choose to deposit money at Bank A with an interest rate of 4.3%, the interest you receive is:

Interest = 1 billion VND x 4.3%/12 x 6 months = 21.5 million VND.

With the same amount of money, you deposit it at Bank B, with an interest rate of 5.5%. After 6 months, the interest you receive is:

Interest = 1 billion VND 5.5%/12 x 6 months = 27.5 million VND.

Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.

Source: https://laodong.vn/kinh-doanh/lai-suat-6-thang-cao-nhat-gui-1-ti-nhan-gan-28-trieu-dong-1275105.ldo