Update latest ACB interest rates
According to the Lao Dong Newspaper reporter (January 16, 2024), the ACB interest rate table currently listed for customers depositing savings is fluctuating from 2.4 - 4.6%. In which, the highest ACB interest rate is applied to savings deposit terms of 12 months or more (4.6%).
2.4% is the lowest interest rate ACB lists when customers deposit savings for 1 month. For 2-month term, ACB interest rate is 2.5%. In addition, readers can refer to and compare ACB interest rates for different terms in the table below.
Update latest MB interest rates
At MB, the savings interest rate table is fluctuating from 2.6 - 6.2%, depending on the term. Of which, the highest MB interest rate is applied to terms of 36 months or more (6.2%); followed by terms of 24 months (5.8%).
2.6% is the lowest interest rate MB is applying for a 1-month savings term; for a 2-month savings term, MB's interest rate is 2.6%. Compared to ACB's interest rate, MB's interest rate is higher for all terms.
Update latest SHB interest rates
At SHB, the current savings interest rate ranges from 3.1 - 6.2%. In particular, for online savings, the highest SHB interest rate is 6.2%, applied for deposit terms of 24 months or more.
For regular savings, SHB's lowest 3-month interest rate is 3.3%. In the case of customers making tiered savings by amount, if they deposit less than 2 billion VND, within 1 month, the lowest interest rate is 3.1%.
How to calculate interest when saving at the bank fastest
You can calculate the interest you receive when saving in banks using the formula:
Interest = Deposit x interest rate (%)/12 months x number of months of deposit.
For example, you deposit 500 million in ACB, with an interest rate of 4.6% for a 12-month term. After 1 year, the amount you can receive is:
Interest = 500 million x 4.6%/12 months x 12 months = 23 million VND.
You deposit 500 million in MB, with an interest rate of 4.8% for a 12-month term. After 1 year, the amount you can receive is:
Interest = 500 million x 4.8%/12 months x 12 months = 24 million VND.
Or you deposit 500 million in savings at SHB, 12-month term with 5.3% interest rate. After 1 year, the interest you can receive is:
Interest = 500 million x 5.3%/12 months x 12 months = 26.5 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 articles about interest rates from Lao Dong Newspaper HERE
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