What is the highest interest rate for a 50 million VND savings deposit at Agribank?

Illustration: Tra My

Latest Agribank interest rates today

According to Lao Dong Newspaper's reporter, Agribank's interest rates are fluctuating from 1.7 - 4.9%.

In which, the highest Agribank savings interest rate is 4.9%, applied only to 24-month deposit term.

4.8% is the Agribank savings interest rate applied for terms of 12 months, 13 months, 15 months and 18 months.

For deposit terms from 6-11 months, Agribank's savings interest rate is 3.0%.

For deposit terms of 3 - 5 months, the savings interest rate is 2.0%. For deposit terms of 1 month and 2 months, the lowest Agribank interest rate is 1.7%.

Latest Agribank interest rate chart March 2024. Graphics: Minh Huy

Deposit 50 million VND in Agribank savings, what is the highest interest received?

The formula for calculating savings interest is as follows:

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

If you deposit 50 million VND in savings at Agribank, you will receive the highest interest rate of 4.9% within 24 months. The interest you receive is:

Interest = 50 million VND x 4.9%/12 x 24 months = 4.9 million VND.

Or if you deposit 50 million VND at Agribank for a 1-month term, the applicable interest rate is 1.7%. The interest you receive is:

Interest = 50 million VND x 1.7%/12 x 1 month = 70,833 VND.

In addition, readers can refer to:

- Latest BIDV interest rates in March: Here

- Latest HDBank interest rates in March: Here

- Latest MB interest rates in March: Here.

- Latest VPBank interest rates in March: Here.

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.

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Source: https://laodong.vn/tien-te-dau-tu/50-trieu-dong-gui-tiet-kiem-ngan-hang-agribank-lai-suat-cao-nhat-bao-nhieu-1314293.ldo