How much interest do I receive for a 24-month savings deposit?

Agribank's savings interest rates are currently listed at around 0.2 - 4.7%/year. Illustration photo: Tra My

For 1-month and 2-month terms, Agribank listed interest rates at 1.6%/year. For 3-5 month terms, Agribank listed interest rates at 1.9%/year. Savings interest rates at Agribank for terms from 6-11 months are at 3%/year. Customers depositing for 12-24 months receive interest rates of 4.7%/year.

Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.

Agribank savings interest rate table. Screenshot

How much interest do I receive for a 24-month savings deposit at Agribank?

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 Agribank, with an interest rate of 4.7% for a 24-month term. The interest you receive is estimated at:

1 billion VND x 4.7%/12 x 24 months = 94 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/lai-suat-agribank-gui-tiet-kiem-24-thang-nhan-duoc-bao-nhieu-tien-lai-1350984.ldo