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

According to a survey by Lao Dong reporters of nearly 30 banks in the system on October 29, 2023, most banks are listing 24-month term interest rates below 7%/year. Below are 3 banks listing high 24-month term interest rates at 6.5%/year.

1. PVcomBank (Vietnam Public Joint Stock Commercial Bank)

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 on October 29, 2023. Screenshot.

2. SacomBank (Saigon Thuong Tin Commercial Joint Stock Bank)

Similarly, SacomBank is also 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 receiving interest quarterly receive a lower interest rate, at 6.16%/year.

Currently, Sacombank lists the highest interest rate of 6.5%/year when customers make online savings deposits for 24 and 36 months.

SacomBank online savings interest rate table on October 29, 2023. Screenshot.

3. OceanBank (Ocean Commercial Bank Limited)

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

OceanBank savings interest rate table on October 29, 2023. Screenshot.

Below is a comparison table of 24-month savings interest rates compiled by PV of Lao Dong Newspaper on October 29, 2023 in a system of nearly 30 banks, readers can refer to:

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.

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