24-month savings interest rate, deposit 1 billion VND and receive 130 million VND in interest

Bank interest rates in November 2023 for 24-month deposit terms range from 4.4 - 6.5%/year. Illustration photo: Tra My

According to a survey by Lao Dong reporters of nearly 30 banks in the system on November 2, 2023, most banks are listing 24-month term interest rates below 7%/year. Below are 4 banks listing high 24-month term interest rates, readers can refer to.

At the top is PVcomBank, which is listing the highest 24-month savings interest rate at 6.5%/year when customers deposit savings online and receive interest at the end of the term. Customers receive an interest rate of 6.12%/year.

Under normal conditions, PVcomBank is listing the highest interest rate at 6.5%/year when customers deposit savings for terms of 18, 24, and 36 months.

PVcomBank online savings interest rate table. Screenshot

OceanBank is listing the highest interest rate for a 24-month term at 6.5%/year when customers deposit savings online and receive interest at the end of the term. Customers who deposit savings at the counter and receive interest at the end of the term receive a lower interest rate of 6.4%/year.

OceanBank lists the highest interest rate at 6.5%/year when customers make online savings deposits for terms of 18, 24, and 36 months.

BaoVietBank is listing the highest interest rate for a 24-month term at 6.4%/year when customers deposit savings online and receive interest at the end of the term.

BaoVietBank online savings interest rate table. Screenshot

VietABank is listing the highest interest rate for a 24-month term at 6.4%/year when customers deposit savings online and receive interest at the end of the term. Customers who receive interest monthly receive an interest rate of 6.03%/year.

Below is a comparison table of 24-month savings interest rates compiled by Lao Dong Newspaper reporters in a system of nearly 30 banks, readers can refer to:

Graphics: Tuyet Lan

With 1 billion VND deposited for 24 months, you will receive 130 million VND in interest.

You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:

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

For example, you deposit 1 billion VND into Bank A, for a term of 24 months and enjoy an interest rate of 6.5%/year, the interest received is as follows:

1 billion VND x 6.5%/12 months x 24 months = 130 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.

Readers can refer to more information about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/lai-suat-tiet-kiem-24-thang-gui-1-ti-dong-nhan-lai-130-trieu-dong-1262480.ldo