Vietcombank's newly updated interest rates, how much interest do you receive if you deposit 300 million VND?

Vietcombank currently lists interest rates in the range of 1.6-4.7%/year. Photo: NH

Full set of Vietcombank interest rates for June

According to Lao Dong, as of early June, savings interest rates at the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) are currently fluctuating between 1.6-4.7%/year.

The current savings interest rates at Vietcombank are listed as follows:

1-month deposit interest rate is 1.6%/year.

3-month deposit interest rate is 1.9%/year.

Interest rate for 6-9 month term deposits is 2.9%/year.

12-month deposit interest rate is 4.6%/year.

Interest rate on 18-36 month term deposits is 4.7%/year.

Vietcombank deposit interest rate table. Screenshot

In the Big4 banking group including BIDV, Vietcombank, VietinBank, Agribank, VietinBank is currently holding the most preferential interest rate compared to the remaining banks, followed by BIDV's interest rate.

Accordingly, BIDV's interest rate currently fluctuates between 1.7-4.8%/year, Vietcombank's interest rate currently fluctuates between 1.6-4.7%/year, Agribank's interest rate fluctuates between 1.6-4.7%/year, VietinBank's interest rate fluctuates between 2.0-5.0%/year.

Although Agribank and Vietcombank interest rates fluctuate within a similar range, Agribank's interest rates are 0.1 percentage points higher than Vietcombank's for terms of 6 months, 9 months and 12 months.

Big4 savings interest rates table at different terms. Graphics: Huyen Mai.

Deposit 300 million VND at Vietcombank, how much interest will I receive at each term?

Readers can quickly calculate bank interest using the following formula:

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

Thus, depositing 300 million at Vietcombank, customers can receive the highest interest rate as follows (applicable to individual customers):

1 month term: 400,000 VND.

3 month term: 1,425,000 VND.

6 month term: 4,350,000 VND.

9 month term: 6,525,000 VND.

12 month term: 13,800,000 VND.

36 month term: 42,300,000 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 articles about interest rates HERE.

Source: https://laodong.vn/kinh-doanh/lai-suat-vietcombank-moi-cap-nhat-gui-300-trieu-dong-nhan-lai-bao-nhieu-1356841.ldo