According to a survey by Lao Dong Newspaper, on December 31, 2023, BIDV listed the 24-month savings interest rate at 5.3%/year.
In addition, for individual customers who deposit savings for 1 and 2 months, BIDV lists interest rates at 2.2%/year. For terms of 3 - 5 months, BIDV lists interest rates at 2.5%/year. Saving interest rates at BIDV for terms of 6 - 9 months are at 3.5%/year. Customers who deposit for 12 - 18 months receive interest rates of 5%/year.
Customers depositing money for 24 - 36 months receive the highest interest rate of 5.3%/year.
Customers who deposit money without a term will receive an interest rate of 0.1%/year.
With 1 billion VND in savings for 24 months, you will receive more than 100 million VND in interest.
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, you deposit 1 billion VND in BIDV bank, term 24 months and enjoy interest rate 5.3%/year, the interest received is as follows:
1 billion VND x 5.3%/12 months x 24 months = 106 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 about interest rates HERE.
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