Interest rate fluctuations of Agribank, VietinBank, Vietcombank and BIDV
According to Lao Dong reporters' records with 4 banks Vietcombank, Agribank, VietinBank and BIDV in the early morning of June 21, 2024, the mobilization interest rate table is being listed around the threshold of 1.6-4.8%/year.
Of which, VietinBank has the highest interest rate (4.8% for terms over 24 months). Below are the latest details of the Big 4 interest rates:
Below is a detailed update of interest rates of banks in the Big 4 group:
In addition, readers can refer to interest rates of some other banks through the following table:
PVcomBank's highest interest rate is 9.5%/year for a 12-13 month deposit term with a minimum deposit of VND 2,000 billion.
Next is HDBank with a fairly high interest rate, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND.
MSB also applies a fairly high interest rate with interest rates at bank counters up to 8%/year for a term of 13 months. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.
Dong A Bank has a deposit interest rate, term of 13 months or more, end-of-term interest with deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.
NCB and OceanBank apply an interest rate of 6.1% for a 24-month term; OCB applies an interest rate of 6% for a 36-month term; Cake by VPBank also applies an interest rate of 6% for a 24-month term.
How to receive interest if saving 500 million VND at Big 4?
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 24-month term at Bank A with an interest rate of 4.7%/year, you can receive: 300 million VND x 4.7%/12 x 24 = 28.2 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: 300 million VND x 4.8%/12 x 24 = 28.8 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.
Source: https://laodong.vn/tien-te-dau-tu/lai-suat-cao-nhat-agribank-vietcombank-vietinbank-va-bidv-ngay-216-1355761.ldo
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