Deposit 1 billion VND for 12 months at PVcomBank and receive interest of 48 million VND

PVcomBank applies a savings interest rate range for individual customers in the range of 0.5 - 9.5%/year. Graphics: Tuyet Lan

According to a survey by Lao Dong Newspaper reporters, PVcomBank's highest listed savings interest rate for 12 and 13 month terms is up to 9.5%/year. However, to enjoy this extremely high interest rate, customers need to meet the condition of depositing at least 2,000 billion VND at the counter and only applies to products that receive interest at the end of the term.

In addition, under normal conditions when customers deposit money online for 1-5 months, PVcomBank lists interest rates of around 2.85%/year.

For terms of 6-11 months, PVcomBank lists savings interest rates from 4.3%/year. Customers who deposit for 12 months receive an interest rate of 4.8%/year. Customers who deposit for 18-36 months receive the highest interest rate of 5.1%/year.

Customers who deposit money for short term from 1-3 weeks only receive interest rate at 0.5%/year.

PVcomBank traditional savings interest rate table on April 9, 2024. Screenshot

PVcomBank online savings interest rate table on April 9, 2024. Screenshot

Readers can quickly calculate bank interest using the following formula:

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

For example, you deposit 1 billion VND into PVcomBank, with an interest rate of 4.8% for a 12-month term. The interest you receive is estimated at:

1 billion VND x 4.8%/12 x 12 months = 48 million VND.

Before making a deposit, readers should compare savings interest rates between banks and interest rates between terms to get the highest interest.

* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for advice.

Readers can refer to more articles about interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/gui-tiet-kiem-1-ti-dong-12-thang-tai-pvcombank-nhan-lai-suat-48-trieu-dong-1325414.ldo