Compare interest rates of Agribank, BIDV and Vietcombank
According to Lao Dong reporter's records with three banks Vietcombank, Agribank and BIDV at 3:00 a.m. on December 9, 2023, the mobilization interest rate table is being posted around Threshold 2.4-5.3%/year. Interest rates at these banks are still on a downward trend.
Vietcombank has recently adjusted down 0.2% for some terms. Currently, this bank lists the non-term interest rate at 0.1%/year; 1-2 months at 2.4%/year; 3 months at 2.7%/year; 6-9 months at 3.7%/year; terms from 12 to 60 months at 4.8%/year.
Vietcombank notes on its website that the above interest rates are for reference only and may change from time to time. Interest is calculated based on the actual number of days and the basis for calculating interest is 365 days. Notably, interest rates for other foreign currencies or terms are not listed, customers in need should contact the transaction point directly for details.
BIDV's interest rates are at 3-5.3%/year. Specifically, this bank listed the non-term interest rate at 0.1%/year; 1-2 months at 3%/year; 3 and 5 months at 3.3%/year; 6 and 9 months at 4.3%/year; terms from 12 to 36 months at 5.3%/year.
Meanwhile, Agribank's interest rates are listed at around 3-5.3%/year. This bank lists non-term interest rates at 0.2%/year; 1-2 months at 3%/year; 3-4-5 months at 3.3%/year; 6-7-8-9-10-11 months at 4.3%/year; and terms from 12 to 24 months at 5.3%/year.
In addition, readers can refer to the interest rates of banks listed on the website early in the morning of December 9, 2023 here:
How to receive interest if saving 500 million VND for 12 months?
To calculate interest on savings deposits at the bank, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit
For example, if you deposit 500 million VND for a 12-month term at Bank A with an interest rate of 5.3%/year, you can receive: 500 million VND x 5.3%/12 x 12 = 26.5 million VND.
With the same amount and term above, if you save at Bank B with an interest rate of 4.8%, the interest you receive will be: 500 million VND x 4.8%/12 x 12 = 24 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.
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