Compare latest 6-month term interest rates
According to Lao Dong Newspaper (2:00 p.m. November 25, 2023), 6-month interest rates at more than 20 banks are fluctuating from 4.3% - 5.7%, depending on the bank. In particular, the group of banks with high interest rates such as: HDBank (5.7%), PVcomBank (5.6%), NCB (5.35%), VPBank (5.3%)...
Group of banks such as: Agribank, BIDV, ABBank, Vietinbank, 6-month term interest rate at 4.3%.
Compare latest 9-month term interest rates
For the 9-month term, banks listed interest rates ranging from 4.3 - 5.6%. In particular, the group of banks with the highest interest rates include: PVcomBank (5.6%), HDBank (5.5%), NCB (5.45%), Kienlongbank (5.4%), MSB (5.4%)...
How much interest can I receive if I deposit 700 million VND for a 6-month or 9-month term?
To calculate interest on savings deposits at the bank, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit
For example, if you deposit 700 million VND for a 6-month term at HDBank with an interest rate of 5.7%/year, you can receive: 700 million VND x 5.7%/12 x 6 = 19.95 million VND.
With the same amount and term above, if you save at HDBank with an interest rate of 5.5%, the interest you receive will be: 700 million VND x 5.5%/12 x 9 = 28.875 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
Comment (0)