According to a survey by Lao Dong Newspaper reporters, for some terms, Agribank listed interest rates 0.1%/year lower than BIDV.
BIDV listed interest rates for 1-month and 2-month terms at 1.7%/year. For this term, Agribank listed interest rates 0.1% lower than BIDV, at 1.6%/year. For 3-5 month terms, BIDV listed interest rates at 2%/year. For this term, Agribank listed interest rates 1.9% lower than BIDV, at 2%/year.
For other terms, these two banks list the same interest rates. For terms of 6-11 months, BIDV and Agribank list savings interest rates at 3%/year. Customers depositing money for terms of 12-24 months at BIDV and Agribank receive the highest interest rate of 4.7%/year.
In addition, when customers make demand deposits and payment deposits at Agribank, they will receive interest rates of 0.2%/year.
Customers depositing money without a term at BIDV receive interest rates of 0.1%/year.
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 200 million VND in bank A, with an interest rate of 4.7% for a 12-month term. The interest you receive is estimated at:
200 million VND x 4.7%/12 x 12 months = 9.4 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.
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