Which banks offer the highest interest rates for 6-month deposits?

Compare interest rates for 6-month terms.

As of March 25, 2023, the highest bank interest rates for a 6-month term are offered by OCB and ABBank (4.6%/year); NCB (4.55%/year); HDBank (4.5%/year)...

Banks offering lower interest rates include the Big4 group: Agribank , Vietcombank, BIDV, VietinBank (3%/year); SCB, MB (3.05%/year).

Below is a table of specific interest rates recorded on March 25th:

Interest rate comparison table as of March 25, 2024.

Data recorded on March 25th. Chart: Khuong Duy

Additionally, readers can refer to the following table for interest rates on other terms and banks.

Table: Tra My

How much interest will I receive if I deposit 300 million VND in a savings account?

To calculate the interest earned on a savings deposit at a bank, you can use the following formula:

Interest = Deposit amount x Interest rate %/12 x Number of months deposited

For example, if you deposit 300 million VND for a 6-month term at Bank A with an interest rate of 3% per year, you could receive: 300 million VND x 3%/12 x 6 = 4.5 million VND.

With the same amount of money for the same term, if you deposit it into Bank B with an interest rate of 4.6%, the interest you will receive will be: 300 million VND x 4.6%/12 x 6 = 6.9 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.

Source: https://laodong.vn/tien-te-dau-tu/nhung-ngan-hang-co-lai-suat-ky-han-6-thang-cao-nhat-1319136.ldo