How much interest do you get if you save 300 million VND?

Graphics: Khuong Duy

BIDV savings interest rates today

For individual customers depositing for 1 and 2 months, BIDV lists interest rates at 1.7%/year. For 3-5 month terms, BIDV lists interest rates at 2%/year.

Savings interest rates at BIDV for terms from 6 to 9 months are at 3%/year. Customers depositing for 12 to 36 months receive the highest interest rate at 4.7%/year.

Customers who deposit money without a term will receive an interest rate of 0.1%/year.

BIDV savings interest rate table. Screenshot

In addition, readers can refer to the interest rates of three other banks in the Big 4 group through the following table:

Interest rate table for terms at Vietcombank, Agribank, VietinBank and BIDV. Data recorded on June 14, 2024. Unit: %/year. Table: Khuong Duy

Unit: %/year. Chart: Khuong Duy

Interest rates of some other banks:

Data recorded on June 14, 2024. Table: Minh Anh

How much interest do I get if I save 300 million VND?

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 300 million VND into BIDV, term 12 months and enjoy interest rate 4.7%/year, the interest received is as follows:

300 million VND x 4.7%/12 months x 12 months = 14.1 million VND.

If you deposit 300 million VND into BIDV for a 3-month term and enjoy an interest rate of 2%/year, the interest received will be as follows:

300 million VND x 2%/12 months x 3 months = 1.5 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.

Source: https://laodong.vn/tien-te-dau-tu/tron-bo-lai-suat-bidv-gui-tiet-kiem-300-trieu-dong-nhan-bao-nhieu-tien-lai-1352786.ldo