Deposit 500 million VND for 15-month term at BIDV, how much interest will I receive?

BIDV's interest rates for individual customers range from approximately 3% to 5.3% per year. (Illustrative image: Tra My)

For individual customers depositing savings for 1 and 2 months, BIDV lists the interest rate at 3% per year. For terms of 3-5 months, BIDV lists the interest rate at 3.3% per year.

Savings interest rates at BIDV for terms of 6-9 months are 4.3% per year. Customers depositing for 12-36 months receive the highest interest rate of 5.3% per year. Customers depositing without a fixed term will receive an interest rate of 0.1% per year.

BIDV's savings interest rate chart for individual customers. Screenshot.

With a deposit of 500 million VND for 7 months, you can receive a maximum of 18.66 million VND.

You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:

Interest = Deposit x deposit interest rate %/12 x number of months of deposit

For example, if you deposit 500 million VND into BIDV bank for a 15-month term and earn an interest rate of 5.3% per year, the interest you will receive will be as follows:

500 million VND x 5.3%/12 months x 15 months = 33.12 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.

Readers can refer to more articles on interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/gui-500-trieu-dong-ky-han-15-thang-tai-bidv-nhan-lai-suat-bao-nhieu-1271984.ldo