Highest interest rate for 6 months, should I deposit 200 million in Techcombank, NCB or OCB?

Compare savings interest rates at Techcombank, NCB, OCB

According to the reporter of Lao Dong Newspaper (2:00 p.m. on February 18, 2024), the interest rate table for 6-month savings deposits at OCB is fluctuating around 4.5-4.6%, depending on the form of deposit.

In particular, if you make a 6-month online savings deposit at OCB, the highest interest rate is 4.6%; in case of term deposits, the highest OCB interest rate is 4.5%.

Currently, the highest interest rate in the OCB interest rate table is 6.0%; the lowest OCB interest rate is 2.9%, for a 1-month term. In addition, readers can refer to the interest rates of other terms below.

Screenshot.

Latest OCB interest rate table, recording high interest rates up to 6.0%. Screenshot.

Meanwhile, at Techcombank, the highest 6-month term interest rate is 4.0%, applied when making online savings deposits. Compared to OCB interest rates, Techcombank interest rates are 0.5 - 0.6 percentage points lower than the same period.

Currently, Techcombank's highest interest rate is 5%, applied from a term of 12 months or more when customers deposit savings online.

In addition, readers can refer to Techcombank interest rates for other terms below.

Techcombank interest rates. Screenshot.

Techcombank interest rate table. Screenshot.

At NCB, the 6-month interest rate is at 4.65%, higher than the interest rates of OCB and Techcombank.

Currently, the deposit interest rate at NCB ranges from 3.6 - 5.7%, depending on the term. In particular, the highest NCB interest rate falls on the deposit terms of 18 months, 24 months, 36 months, 60 months...

NCB interest rate for 6-month term is at 4.65%. Screenshot.

Deposit 200 million, how much interest will you receive in half a year if you save at NCB, Techcombank, OCB?

You can quickly calculate interest on savings deposits at the bank using the formula below:

Interest = Deposit x interest rate %/12 months x number of months of deposit.

+ If you deposit 200 million at NCB for 6 months, you will receive an interest rate of 4.65%. The interest amount you can receive is:

Interest = 200 million x 4.65%/12 months x 6 months = 4.65 million.

+ If you deposit 200 million at OCB within 6 months, you will receive an interest rate of 4.6%. The interest amount you can receive is:

Interest = 200 million x 4.6%/12 months x 2 months = 4.6 million.

+ If you deposit 200 million at Techcombank for 6 months, you will receive an interest rate of 4.0%. The interest amount you can receive is:

Interest = 200 million x 4.0%/12 months x 6 months = 4 million.

* 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.

Source