Comparing interest rates between BIDV and Agribank.
According to Lao Dong newspaper, interest rates on savings deposits at the Vietnam Investment and Development Bank (BIDV) currently range from 1.7-4.7% per year for over-the-counter deposits and from 2.0-4.8% per year for online deposits.
BIDV's online deposit interest rates are 0.1-0.3 percentage points higher than those offered at the counter, and are currently listed as follows:
The interest rate for a 1-month term deposit is 2.0% per annum.
The interest rate for a 3-month term deposit is 2.3% per year.
Interest rates for time deposits with terms of 6-9 months are at 3.3% per year.
Interest rates for 12-18 month term deposits are at 4.7% per year.
Interest rates for time deposits with terms of 24-36 months are at 4.8% per year.
Refer to BIDV's over-the-counter savings deposit interest rate table HERE.
Interest rates on savings deposits at the Vietnam Agricultural and Rural Development Bank (Agribank) currently range from 1.6% to 4.7% per year.
The current interest rates for savings deposits at Agribank are as follows:
The interest rate for a 1-month term deposit is 1.6% per year.
The interest rate for a 3-month term deposit is 1.9% per year.
Interest rates for time deposits with terms of 6-9 months are at 3.0% per year.
Interest rates on deposits with terms longer than 12 months are 4.7% per annum.
Thus, BIDV's interest rates are currently about 0.2-0.3 percentage points higher than Agribank's interest rates for all maturities.
Among the Big4 banks (BIDV, Vietcombank, VietinBank, and Agribank), VietinBank currently offers the most favorable interest rates compared to the others, followed by BIDV.
How much interest will I receive if I deposit 500 million VND at BIDV?
Readers can quickly calculate bank deposit interest using the following formula:
Interest = Deposit amount x interest rate (%)/12 months x number of months deposited.
Therefore, by depositing 500 million VND at BIDV, customers can receive the highest interest rates as follows (applicable to online deposits):
1-month term: 833,333 VND.
3-month term: 2,875,000 VND.
6-month term: 8,250,000 VND.
9-month term: 12,375,000 VND.
12-month term: 23,500,000 VND.
36-month term: 72,000,000 VND.
* Interest rate information is for reference only and may change from time to time. Please contact your nearest bank branch or hotline for specific advice.
Readers can find more articles about interest rates HERE.
Source: https://laodong.vn/kinh-doanh/co-500-trieu-dong-tiet-kiem-gui-bidv-hay-agribank-de-co-lai-suat-cao-nhat-1356485.ldo
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