Choose NCB, PVcomBank or CBBank to receive high interest rates

Illustration: Tra My

According to a survey by Lao Dong Newspaper reporters (October 24, 2023) at nearly 30 banks in the system, 6-month savings interest rates are fluctuating around 4.1 - 6.3%/year.

For a 6-month term, NCB is listing the highest interest rate at 6.3%/year when customers deposit savings at An Phu and receive interest at the end of the term. Customers depositing traditional savings receive an interest rate of 6.15%/year.

For other terms, NCB lists interest rates ranging from 0.5 - 6.3%/year. NCB is listing the highest interest rate of 6.4%/year when customers deposit savings at An Phu for 12 - 36 months.

NCB savings interest rate table. Screenshot.

PVcomBank currently lists the highest interest rate for a 6-month term at 6.1%/year when customers deposit savings online and receive interest at the end of the term. Customers receiving periodic interest receive 6.02%/year.

PVcomBank savings interest rate table. Screenshot.

CBBank currently lists the highest interest rate for a 6-month term at 6%/year when customers deposit savings online.

CBBank savings interest rate table. Screenshot.

Below is a table of 6-month savings interest rates in a system of nearly 30 banks, readers can refer to:

Graphics: Tuyet Lan.

How much interest do I receive if I deposit 1 billion VND for a 6-month term?

With your idle money, you can save it to earn interest. 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 6.3% for a 6-month term. The interest you receive is estimated at:

Interest = 1 billion VND x 6.3%/12 x 6 months = 31.5 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/gui-tiet-kiem-6-thang-chon-ncb-pvcombank-hay-cbbank-de-nhan-lai-suat-cao-1258651.ldo