Update 24-month bank interest rates
According to the records of Lao Dong Newspaper reporters (March 31, 2024), at more than 30 banks, the savings interest rate table currently applied to 24-month deposit terms fluctuates around 4.05 - 5.8%, depending on the bank.
Among them, the bank with the highest interest rate is OCB, with interest rates up to 5.8%; followed by SAIGONBANK and NAM A BANK with interest rates up to 5.7%.
Other banks also have high interest rates for this term, including MB (5.6%); NCB, SHB (5.5%)...
Readers can compare 24-month interest rates of other banks through the chart below.
In addition, readers can refer to interest rates for other terms through the following table:
Deposit 500 million VND in savings, how much interest will you receive after 24 months?
You can calculate interest on bank savings using the formula below:
Interest = Deposit x interest rate (%)/12 months x number of months of deposit.
For example, you deposit 500 million VND at Bank A, term 24 months and enjoy interest rate 4.8%, the amount you receive is:
500 million x 4.8%/12 months x 24 months = 48 million VND.
Or you deposit 500 million at Bank B, 24-month term and enjoy 5.8% interest rate, the amount you receive is:
500 million x 5.8%/12 months x 24 months = 58 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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