If I deposit 500 million VND for 12 months at Agribank, what interest rate will I receive?

Agribank announced savings interest rates for individual customers from 0.2 - 4.7%/year depending on the term. Illustration photo: Tra My

According to a survey by Lao Dong Newspaper reporters on March 27, 2024, for 1-month and 2-month terms, Agribank listed interest rates at 1.6%/year. For 3-5 month terms, Agribank listed interest rates at 1.9%/year. Savings interest rates at Agribank for terms from 6-11 months are at 3%/year. Customers depositing for 12-24 months receive interest rates of 4.7%/year.

Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.

Agribank savings interest rate table. Screenshot

In addition, readers can refer to the savings interest rate table of other Big 4 banks on March 27, 2024:

BIDV savings interest rate table. Screenshot

Vietcombank savings interest rate table. Screenshot

Vietinbank savings interest rate table. Screenshot

Statistics of banks with the highest savings interest rates today:

Summary of banks with the highest interest rates on the market today. Graphic by Tra My

Readers 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 500 million VND into Agribank, with an interest rate of 4.7% for a 12-month term. The interest you receive is estimated at:

500 million VND x 4.7%/12 x 12 months = 23.5 million VND.

Before making a deposit, readers 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/co-500-trieu-dong-gui-tiet-kiem-12-thang-o-agribank-nhan-lai-suat-bao-nhieu-1320097.ldo