Leading the 12-month savings interest rate list, PVcomBank listed an interest rate of up to 9.5%/year. However, customers need to meet the minimum deposit requirement of VND2,000 billion at the counter and this only applies to products that receive interest at the end of the term. In addition, HDBank listed the highest 12-month savings interest rate at 7.7%/year with the condition of maintaining a minimum balance of VND300 billion.
Under normal conditions, the top 3 banks with high 12-month savings interest rates include Cake by VPBank, ABBank, and GPBank.
ABBank is listing the highest interest rate for a 12-month term at 6% when customers deposit money online and receive interest at the end of the term. Customers who receive interest quarterly, monthly, or in advance receive lower interest rates, at 5.87%, 5.84%, and 5.66%, respectively.
Similarly, Cake by VPBank is listing the highest interest rate for a 12-month term at 6% when customers receive interest at the end of the term. Customers receiving quarterly interest, monthly interest, and interest at the beginning of the term receive lower interest rates, at 5.68%, 5.65%, and 5.48%, respectively.
GPBank is listing the highest interest rate for a 12-month term at 5.75%/year when customers make electronic savings deposits. GPBank's listed interest rates range from 0.50-5.85%.
How much interest do you receive if you save 2 billion VND for 12 months?
You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit.
For example, you deposit 2 billion VND in Bank A, term 12 months and enjoy interest rate 5.8%/year, the interest received is as follows:
2 billion VND x 5.8%/12 x 12 = 116 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.
Source: https://laodong.vn/tien-te-dau-tu/3-ngan-hang-co-lai-suat-cao-nhat-khi-gui-tiet-kiem-12-thang-1367899.ldo
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