How much money should I deposit to get 9.5% interest per year?

(NLDO) – The highest interest rate of up to 9.5%/year was recorded at a commercial bank with the condition that customers deposit a very large amount of money.

According to statistics from the Vietnam Banking Association (VNBA), in the past month, 18 commercial banks have adjusted their interest rates upward.

Most banks have slightly increased interest rates by 0.1 to 0.3 percentage points for many terms at the counter and online. In addition to increasing interest rates, some banks have mobilized outstandingly high interest rates when customers deposit large amounts of money and meet the requirements.

For example, if you deposit 200 billion VND or more, there are 4 banks that are maintaining high interest rates of over 7%/year including MSB, DongABank, HDBank and PVCombank.

Most banks have slightly increased interest rates by 0.1 to 0.3 percentage points for many terms over the past month.

In particular, the highest interest rate recorded at PVCombank is up to 9.5%/year with the condition that customers deposit savings of 2,000 billion VND or more at all terms.

Specifically, customers who deposit savings with the Mass Deposit product for a term of 12 or 13 months at the counter and receive interest at the end of the term with an amount of VND 2,000 billion or more will receive an interest rate of 9.5%/year.

For regular deposits, the highest interest rate today at PVCombank is 5.3%/year for long-term deposits over 15 months.

At HDBank, the high interest rate of 7.7%/year applies when customers deposit savings for a 12-month term and receive interest at the end of the term for a minimum amount of VND500 billion or more. If the same amount is deposited for a 13-month term, the interest rate will be higher, up to 8.1%/year.

For regular savings deposits, the highest interest rate at HDBank is 6%/year when customers deposit for 18 months or more.

Statistics show that currently, the highest interest rate for a 6-month term is 5.7%/year at DongABank when customers deposit at the counter. For a 12-month term, the highest interest rate is 6.25%/year at GPBank when depositing online. For a 9-month term, the highest interest rate is 5.9%/year, also at GPBank, when deposited online.

Source: https://nld.com.vn/lai-suat-hom-nay-12-12-gui-bao-nhieu-tien-de-duoc-huong-lai-suat-95-nam-19624121215144899.htm