Have 500 million deposited for 12 months at BIDV or Agribank to receive high interest rates

Graphics: Tuyet Lan

According to a survey by Lao Dong Newspaper reporters on January 22, 2024, the savings interest rates listed by BIDV and Agribank are relatively similar at 0.1-5.3%/year.

BIDV listed interest rates for 1-month and 2-month terms at 1.9%/year. For this term, Agribank listed interest rates 0.1% lower than BIDV, at 1.8%/year.

For 3-5 month terms, BIDV listed interest rates at 2.2%/year. For this term, Agribank listed interest rates 0.1%/year lower, at 2.1%/year.

Savings interest rates at Agribank and BIDV for terms from 6-11 months are both at 3.2%/year.

Customers deposit money for 12-18 months and receive 5% interest per year.

Customers depositing money for a 24-month term at these two banks receive the highest interest rate of 5.3%/year.

In addition, when customers make demand deposits and payment deposits at Agribank, they will receive interest rates of 0.2%/year.

Customers depositing money without a term at BIDV receive interest rates of 0.1%/year.

Agribank savings interest rate table on January 22, 2024. Screenshot

BIDV savings interest rate table on January 22, 2024. Screenshot

How much interest can I receive if I save 500 million VND for 12 months?

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 in bank A, with an interest rate of 5% for a 12-month term. The interest you receive is estimated at:

Interest = 500 million VND x 5%/12 x 12 months = 25 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-gui-tiet-kiem-12-thang-o-bidv-hay-agribank-de-nhan-lai-suat-cao-1295778.ldo