Compare interest rates for 6-month terms.
According to observations by a reporter from Lao Dong newspaper (9:30 AM on December 3, 2023) at more than 20 banks, interest rates for 6-month savings deposits range from 4.3% to 5.4%, depending on the bank.
Among them, HDBank offers the highest interest rate, up to 5.5% for online savings deposits. Next is OceanBank, with a half-year term interest rate of 5.4%. NCB ranks third, with an interest rate of 5.35%.
Banks listing interest rates of 5.2% for this term include KienlongBank andSHB . Meanwhile, PVcomBank is slightly higher, listing interest rates at 5.3%, at 0.1 percentage point.
Meanwhile, banks offering low interest rates, at only 4.3%, include Agribank , BIDV, and Vietinbank. The group of banks listing interest rates at 4.9% includes NamABank, DongABank, and Techcombank.
If you deposit 1 billion VND in a savings account, what is the maximum amount of interest you can receive after 6 months?
Depending on the interest rate offered by different banks, depositors can calculate the interest earned using the following formula:
Interest = Deposit amount x interest rate (%)/12 months x number of months deposited.
For example, for a 6-month savings deposit term, if you choose to deposit money at Bank A with an interest rate of 4.3%, the interest you will 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 will be:
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 your nearest bank branch or hotline for specific advice.
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