How much interest do you get if you save 500 million VND for 12 months at MBBank?

MBBank applies a savings interest rate range for individual customers in the range of 0.1 - 6.2%/year. Illustration photo: Tra My

According to a survey by Lao Dong Newspaper reporters on January 21, MBBank's 12-month savings interest rate for individual customers is listed at 4.8%/year.

In addition, for terms of 1-5 months, MBBank lists interest rates ranging from 2.6 - 3.3%/year. For terms of 6-11 months, MBBank lists savings interest rates from 4 - 4.3%/year. Customers depositing for 12-15 months receive interest rates from 4.8 - 4.9%/year.

Customers who deposit for 18 months receive interest rate of 5.3%/year.

Customers who save for 24 months receive an interest rate of 5.8%/year.

Customers who deposit for 36-60 months receive the highest interest rate of 6.2%/year. Customers who deposit without a term only receive an interest rate of 0.1%/year.

MBBank savings interest rate table. Screenshot

How much money can I receive if I deposit 500 million VND at MBBank?

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 500 million VND into MBBank, with an interest rate of 4.8% for a 12-month term. The interest you receive is estimated at:

500 million VND x 4.8%/12 x 12 months = 24 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/kinh-doanh/gui-tiet-kiem-500-trieu-dong-12-thang-tai-mbbank-nhan-lai-suat-bao-nhieu-1295200.ldo