For individual customers depositing savings for 1 and 2 months, Agribank lists an interest rate of 3% per year. For terms of 3-5 months, Agribank lists an interest rate of 3.3% per year. Savings interest rates at Agribank for terms from 6-11 months are 4.3% per year. Customers depositing for 12-24 months receive the highest interest rate of 5.3% per year.
Customers who deposit money without a fixed term or who deposit money for payment purposes will receive interest at a rate of 0.2% per year.
For corporate customers, deposit interest rates at Agribank range from 2.7% to 4.8% per year. Specifically, for terms of 1 and 2 months, customers receive an interest rate of 2.7% per year. The interest rate for deposits with terms of 3-5 months is 3.2% per year.
Interest rates for deposits with terms of 6-11 months are 4.2% per year. The highest interest rate of 4.8% per year is applied to terms from 12-24 months. Demand deposits will have a lower interest rate of 0.3% per year.
Readers can quickly calculate bank deposit interest using the following formula:
Interest = Deposit amount x interest rate (%)/12 months x number of months deposited
For example, if you deposit 100 million VND into Agribank, with an interest rate of 5.3% for a 12-month term, the interest you will receive is estimated to be:
Interest = 100 million VND x 5.3%/12 x 12 months = 5.3 million VND
Before depositing savings, readers should compare savings interest rates between different banks and between different terms to earn the highest possible interest.
* 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.
Readers can find more articles about interest rates HERE.
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