If I deposit 300 million VND in which bank will I get the highest 3-month interest rate?

Compare 3-month interest rates

Recorded at the beginning of June, the highest bank interest rate for 3-month term belongs to Cake By VPBank (4.2%/year - up 0.2% compared to the beginning of May); NCB (3.7%/year - up 0.2% compared to the beginning of May); VRB, MSB (3.5%/year); Nam A Bank (3.4%/year)...

Banks with lower interest rates include the Big4 group including Vietcombank, Agribank (1.9%/year); VietinBank, BIDV (2%/year).

Below is the specific interest rate table recorded on June 1:

3-month term interest rate comparison table. Data recorded on June 1. Table: Tra My

In addition, readers can refer to interest rates of other terms and banks through the following table:

Data recorded on June 1. Table: Minh Anh

Readers can refer to the Big 4 group interest rates through the following table:

Interest rate table for terms at Vietcombank, Agribank, VietinBank and BIDV. Data recorded on June 1, 2024. Unit: %/year. Table: Khuong Duy

Deposit 300 million VND, how to receive interest?

To calculate interest on savings deposits at the bank, you can apply the formula:

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

For example, if you deposit 300 million VND for a 3-month term at Bank A with an interest rate of 1.9%/year, you can receive: 300 million VND x 1.9%/12 x 3 = 1.425 million VND.

With the same term amount, if you deposit savings in Bank B with an interest rate of 4%, the interest you receive will be: 300 million VND x 4.2%/12 x 3 = 3.15 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.

Source: https://laodong.vn/tien-te-dau-tu/co-300-trieu-dong-gui-o-ngan-hang-nao-nhan-lai-suat-ky-han-3-thang-cao-nhat-1347428.ldo