Deposit 600 million VND and receive more than 36.5 million VND in interest

Illustration: Tra My

Highest interest rate for 11-month term

A survey by Lao Dong Newspaper (September 19, 2023) with 20 banks in the system shows that 11-month savings interest rates are being listed by banks around 4.5-6.65%/year.

NCB is the bank with the highest interest rate for this term. If you save at An Phu, you will receive an interest rate of 6.65%/year. If you save at traditional savings, the interest rate will be 6.5%/year.

Following SCB, the 11-month interest rate was listed at 6.35%/year; DongAbank listed it at 6.3%/year.

NCB interest rates. Screenshot on September 19, 2023.

SCB online interest rates. Screenshot on September 19, 2023.

DongAbank interest rates. Screenshot on September 19, 2023.

In addition, readers can refer to interest rates of other banks below:

NamAbank interest rates. Screenshot on September 19, 2023.

CB interest rates. Screenshot on 19.9.2023.

ABBank interest rates. Screenshot on September 19, 2023.

VPBank interest rates. Screenshot on September 19, 2023.

Agribank interest rates. Screenshot on September 19, 2023.

VietinBank interest rates. Screenshot on September 19, 2023.

Deposit 600 million VND, after 11 months receive more than 36.5 million VND

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 deposit 600 million VND at bank A for a 10-month term, with an interest rate of 6.65%, the interest received is as follows: 600 million VND x 6.65%/12 x 11 months = 36.575 million VND.

With the same amount and term above, if you save at bank B with an interest rate of 4.5%/year, the amount you can receive will be: 600 million VND x 4.5%/12 x 11 months ≈ 24.75 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.

Source: https://laodong.vn/kinh-doanh/lai-suat-cao-nhat-ki-han-11-thang-gui-600-trieu-dong-nhan-hon-365-trieu-dong-tien-lai-1243460.ldo