With 400 million VND in savings at BIDV, I received more than 56 million VND in interest.

BIDV applies a savings interest rate range for individual customers in the range of 0.1 - 4.7%/year. Illustration photo: Duc Manh

BIDV savings interest rates today

For individual customers depositing for 1 and 2 months, BIDV lists interest rates at 1.7%/year. For 3-5 month terms, BIDV lists interest rates at 2%/year.

Savings interest rates at BIDV for terms from 6 to 9 months are at 3%/year. Customers depositing for 12 to 36 months receive the highest interest rate at 4.7%/year.

Customers who deposit money without a term will receive an interest rate of 0.1%/year.

BIDV savings interest rate table. Screenshot

How much interest do I get if I save 400 million VND?

You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:

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

For example, you deposit 400 million VND into BIDV Bank, term 36 months and enjoy interest rate 4.7%/year, the interest received is as follows:

400 million VND x 4.7%/12 months x 36 months = 56.4 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 articles about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/co-400-trieu-dong-gui-tiet-kiem-o-bidv-nhan-hon-56-trieu-dong-tien-lai-1359763.ldo