Update the highest savings interest rates at banks in early January 2024
According to the reporter of Lao Dong Newspaper (3:00 p.m. on January 6, 2024), at more than 20 banks, the savings interest rate table is fluctuating around 2.0 - 10.0%, depending on the term.
In which, the banking group has many high interest rates over 8% such as: PVcomBank, HDBank.
At PVcomBank, the savings interest rate is fluctuating around 3.35 - 10.0%. In particular, for 12-month and 13-month savings terms, the highest PVcomBank interest rate is 10.0%. Conditions apply when customers receive interest at the end of the term, with new deposits of VND 2,000 billion or more.
For terms such as 18 months, 24 months, 36 months, the highest PVcomBank interest rate is 5.7%.
At HDBank, the savings interest rate is fluctuating around 3.15 - 8.4%. In particular, the highest interest rate term is 13 months, with interest up to 8.4%, for customers with a minimum deposit of VND 300 billion or more. 8.0% is the interest rate for customers with a 12-month deposit, with a minimum deposit of VND 300 billion or more.
HDBank lists the highest online deposit interest rate at 6.5% for an 18-month term.
In addition, readers can refer to the interest rate table of other banks below.
How much interest will I earn after 12 months if I deposit 500 million in savings?
Readers can refer to the interest calculation method to know how much interest is received 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 500 million VND into Agribank for a 12-month term and enjoy an interest rate of 5.0%/year, the interest received is as follows:
500 million VND x 5.0%/12 months x 12 months = 25 million VND.
If you deposit 500 million VND into HDBank for a 12-month term and enjoy an interest rate of 5.7%/year, the interest received is as follows:
500 million VND x 5.7%/12 months x 12 months = 28.5 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.
In addition, readers can refer to more interest rate news articles of Lao Dong Newspaper HERE.
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