If I deposit 150 million VND into a VietinBank savings account, how much interest will I receive?

Illustrative photo: Hai Nguyen

Current VietinBank savings interest rates

VietinBank's current savings deposit interest rates range from 1.7% to 4.8%, depending on the term.

Specifically, the interest rate for deposits with terms of 24 months, 36 months, and over 36 months is 4.8%.

Next are deposit terms of 12 months, 13 months, 18 months, and 24 months, with the highest interest rate being 4.7%.

3.0% is the interest rate for 6-month, 7-month, 8-month, 9-month, 10-month, 11-month terms. Meanwhile, for 3-month, 4-month, 5-month deposit terms, the interest rate is 2.0%.

VietinBank's lowest interest rate is 1.7%, applied to 1-month and 2-month terms.

Below is the current VietinBank savings interest rate chart:

Current interest rate table at VietinBank. Graphics: Minh Huy

Additionally, readers can compare VietinBank's interest rates with those of other banks such as Agribank , BIDV, and Vietcombank below.

Comparison of VietinBank's interest rates with those of Agribank, BIDV , and Vietcombank at the end of May 2024. Graphic: Minh Huy

In addition, readers can refer to interest rates of some other banks through the following table:

Data recorded on May 26. Table: Minh Anh

How to receive interest if saving 150 million VND at VietinBank?

Formula for calculating bank interest:

Interest = Deposit amount x interest rate (%)/12 months x deposit term.

For example, if you deposit 150 million VND at VietinBank at the end of May 2024, the interest you can receive will vary depending on the term.

Interest on 3-month VietinBank savings deposit: 637 thousand VND.

Interest earned on a 6-month VietinBank savings deposit: 2.25 million VND.

Interest on 9-month VietinBank savings deposit: 3,375 million VND.

Interest on 12-month VietinBank savings deposit: 7.05 million VND.

Interest earned on a 15-month VietinBank savings deposit: 8,812,000 VND.

Interest on 18-month VietinBank savings deposit: 10,575 million VND.

Interest on 24-month VietinBank savings deposit: 14.4 million VND.

Interest on 36-month VietinBank savings deposit: 21.6 million 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.

Source: https://laodong.vn/tien-te-dau-tu/gui-150-trieu-dong-tiet-kiem-vao-vietinbank-nhan-tien-lai-bao-nhieu-1344922.ldo