Compare interest rates of Vietcombank, SCB, Agribank at the end of January 2024
According to the reporter of Lao Dong Newspaper (January 27, 2024), Agribank's interest rates applied to customers depositing savings range from 1.8 - 5.3%. In particular, the lowest Agribank interest rate is applied to terms of 1 month and 2 months (1.8%); the highest Agribank interest rate is applied to terms of 24 months (5.3%).
5.0% is the savings interest rate that customers receive at Agribank when depositing money from 12 months to 18 months.
At SCB, the current online savings interest rate ranges from 1.75 - 4.75%. Of which, SCB's lowest interest rate is when customers deposit for 2 months (1.75%). For terms of 12 months or more, SCB's interest rate is slightly higher, at 4.75%.
Meanwhile, Vietcombank 's interest rate is listed at 1.7%-4.7%/year. Of which, Vietcombank's interest rate is lowest when customers deposit savings for 1-2 months (1.7%). For terms of 12 months or more, Vietcombank's interest rate is slightly higher, at 4.7%.
In addition, readers can refer to banks with high interest rates on the market through the following table:
How to receive interest on 500 million dong savings?
To calculate interest on savings deposits at the bank, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit.
For example, if you deposit 500 million VND for a 9-month term at Bank A with an interest rate of 5.3%/year, you can receive: 500 million VND x 3.2%/12 x 9 = 12 million VND.
With the same amount and term above, if you save at Bank B with an interest rate of 4%, the interest you receive will be: 500 million VND x 3%/12 x 9 = 11.25 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.
In addition, readers can refer to more articles about interest rates from Lao Dong Newspaper HERE.
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