According to a survey conducted by Lao Dong Newspaper on September 10, among nearly 30 banks in the system, PVcomBank's interest rate is leading the market for a 13-month term when listing the highest savings interest rate at 9.5%/year for mass savings products. However, this only applies to savings deposits at the counter for newly opened deposit balances of VND2,000 billion or more.
Under normal conditions, PVcomBank lists interest rates at 5%/year when customers deposit traditional money.
HDBank applies an interest rate of 8.1%/year for a 13-month term with the condition of maintaining a minimum balance of VND300 billion. When customers deposit at the counter, under normal conditions, they only receive an interest rate of 5.6%/year. If they deposit online, customers receive an interest rate of 5.7%/year.
In addition, under normal conditions, the top banks with high interest rates for 13-month savings deposits include Cake by VPBank, BacABank, CBBank, NCB...
Accordingly, Cake by VPBank is listing the highest interest rate for a 13-month term at 6% when customers receive interest at the end of the term. Customers receiving interest at the beginning of the term will only receive an interest rate of 5.46%/year. In addition, when customers deposit money for 24-36 months, they will receive the highest interest rate at 6.1%/year.
BacABank is listing the highest 13-month interest rate at 5.95%/year when customers receive interest at the end of the term. Customers depositing money for other terms enjoy interest rates ranging from 0.5-6.05%.
CBBank is listing the highest interest rate for savings deposits of 13 months or more at 5.85%/year.
NCB is listing the highest 13-month interest rate at 5.8%/year when customers receive interest at the end of the term. Customers depositing money for other terms enjoy interest rates ranging from 0.5-6.1%.
How much interest do I receive if I deposit 2 billion VND for 13 months?
You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit
For example, you deposit 2 billion VND in Bank A, term 13 months and enjoy interest rate 6%/year, the interest received is as follows:
2 billion VND x 6%/12 x 13 = 130 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 advice.
Readers can refer to more information about interest rates HERE.
Source: https://laodong.vn/tien-te-dau-tu/goi-ten-ngan-hang-co-lai-suat-hon-9-khi-gui-tien-13-thang-1392208.ldo
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