Update VietinBank deposit interest rates
According to Lao Dong reporter on March 3, 2024, VietinBank listed deposit interest rates around 1.9 - 5%/year.
Accordingly, the non-term interest rate listed by this bank is at 0.1%/year; under 1 month at 0.2%/year; 1-2 months at 1.9%/year; 3-6 months at 2.2%/year; 6 - under 12 months at 3.2%/year; 12 - under 24 months at 4.8%/year; over 24 months at 5%/year.
The highest interest rate at VietinBank is at 5%/year.
Compared to banks in the Big4 group, VietinBank is the bank with the highest interest rate.
How to receive interest if depositing 300 million VND at VietinBank?
To quickly calculate bank interest, you can apply the interest calculation formula:
Interest = Deposit x interest rate/12 months x actual number of months of deposit.
For example, if you save 300 million VND at VietinBank for a 1-month term, with an interest rate of 1.9%, the interest received is as follows: 300 million VND x 1.9%/12 x 1 month = 475 VND.
With the same amount of money and bank above, if you save for 12 months with an interest rate of 4.8%/year, the amount you can receive will be: 300 million VND x 4.8%/12 x 12 months = 14.4 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 specific advice.
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