Deposit 1 billion VND for 24 months at MBBank and receive interest of 114 million VND

MBBank applies a savings interest rate range for individual customers in the range of 0.1 - 5.8%/year. Illustration photo: Tra My

According to a survey by Lao Dong Newspaper reporters on March 4, MBBank's listed interest rate for 1-5 month savings is around 2.3 - 3%/year.

For terms of 6-11 months, MBBank lists savings interest rates from 3.6 - 3.9%/year.

Customers depositing money for 12-18 months receive interest rates from 4.6-4.8%/year.

Customers who save for 24-60 months receive the highest interest rate at 5.7%/year.

Customers with non-term deposits only receive interest at 0.1%/year.

MBBank savings interest rate table on March 4, 2024. Screenshot

Statistics of banks with the highest savings interest rates today:

Summary of banks with the highest interest rates on the market today. Graphic by Tra My

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 MBBank, with an interest rate of 5.7% for a 24-month term. The interest you receive is estimated at:

1 billion VND x 5.7%/12 x 24 months = 114 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 specific 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-24-thang-tai-mbbank-nhan-lai-suat-114-trieu-dong-1311192.ldo