6-month savings deposit, name 3 banks with the highest interest rates

6-month savings interest rates at banks are fluctuating from 4.1 - 6.1%/year. Illustration photo: Tra My.

According to a survey by Lao Dong Newspaper reporters (November 2, 2023) at nearly 30 banks in the system, 6-month savings interest rates are fluctuating around 4.1 - 6.1%/year.

PVcomBank currently lists the highest interest rate for a 6-month term at 6.1%/year when customers deposit savings online and receive interest at the end of the term. Customers receiving periodic interest receive 6.02%/year.

In addition, PVcomBank is listing the highest interest rate at 6.5%/year when customers deposit savings for terms of 18, 24, and 36 months.

PVcomBank online savings interest rate table. Screenshot.

HDBank is listing the highest interest rate for a 6-month term at 5.9%/year when customers deposit savings online. Currently, HDBank is listing the highest interest rate at 8.6%/year for a 13-month term with the condition of maintaining a minimum balance of VND300 billion.

HDBank online savings interest rate table. Screenshot.

NCB lists the highest interest rate of 5.7%/year when customers deposit savings at An Phu, receiving interest at the end of the term. Customers depositing traditional savings receive interest at 5.55%/year.

Currently, NCB is listing the highest interest rate at 6.1%/year when customers deposit savings at An Phu for 15 - 60 months.

NCB savings interest rate table. Screenshot.

How much interest do I receive if I deposit 500 million VND for a 6-month term?

With your idle money, you can save it to earn interest. You 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 in Bank A, with an interest rate of 6.1% for a 6-month term. The interest you receive is estimated at:

Interest = 500 million VND x 6.1%/12 x 6 months = 15.25 million VND.

So, before saving, you 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-6-thang-diem-ten-3-ngan-hang-co-lai-suat-cao-nhat-1262287.ldo