3 banks with the highest interest rates for 6-month savings

ABBank is listing the highest interest rate for a 6-month term at 5.6%/year when customers deposit money online and receive interest at the end of the term. For other terms, ABBank lists interest rates ranging from 0.5-5.7%/year.

ABBank savings interest rate table. Screenshot

According to a survey by Lao Dong Newspaper reporters, NCB is listing the highest interest rate for a 6-month term at 5.25%/year when customers deposit savings at An Phu. If customers deposit money in a traditional way, they will only receive an interest rate of 5.15%/year.

NCB savings interest rate table. Screenshot

Cake by VPBank is listing the highest interest rate for a 6-month term at 5.2%/year when customers receive interest at the end of the term. For other terms, CBBank lists interest rates ranging from 3.7-6%/year.

Cake by VPBank savings interest rate table. Screenshot

How to receive interest if saving 1 billion VND for 6 months?

You can quickly calculate bank interest using the following formula:

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

For example, you deposit 1 billion VND in Bank A, with an interest rate of 5.6% for a 6-month term. The interest you receive is estimated at:

1 billion VND x 5.6%/12 x 6 months = 28 million VND.

So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.

* 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/tien-te-dau-tu/3-ngan-hang-co-lai-suat-cao-nhat-khi-gui-tiet-kiem-6-thang-1359708.ldo