High savings interest rates at the end of December, deposit 1 billion VND in Agribank, NCB or MB?

Compare interest rates of Agribank, NCB, MB at the end of December 2023

According to Lao Dong reporters at Agribank, NCB, MB at the end of December 2023, the bank interest rate table for individual customers depositing savings fluctuated around 2.8 - 6.2%.

Of which, the highest MB interest rate is 6.2% for 36-month, 48-month, and 60-month savings terms. Next is the 24-month term, MB's savings interest rate is 6.0%.

For 1-month term, the lowest MB interest rate is 2.8%; for 2-month term, MB interest rate is at 3.0%.

MB interest rate table at the end of December 2023. Screenshot.

At NCB, the savings interest rate for individual customers fluctuates around 4.25 - 6.0%. In particular, the high interest rate terms of 6.0% include: 15 months, 18 months, 24 months, 30 months, 36 months and 60 months.

For savings terms of less than 6 months, the interest rate applied is 4.25%.

NCB interest rate schedule currently applied at the end of December 2023. Screenshot.

Meanwhile, at Agribank, bank interest rates are fluctuating around 2.0 - 5.3%. Of which, 1-month and 2-month deposit terms are at 2.0%. Interest rates for 12-month, 13-month, 15-month and 18-month terms are at 5.0%.

For the 24-month term alone, Agribank's interest rate is the highest, at 5.3%.

Agribank interest rate table at the end of December 2023. Screenshot.

Deposit 1 billion in savings at NCB, Agribank, MB, how much interest can I receive at most?

Depending on the deposit amount, deposit term, and bank interest rate, you can calculate interest using the formula below.

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

For example, you have 1 billion VND and choose to deposit savings in Agribank, term 24 months with interest rate 5.3%. Interest after 24 months, you can receive:

Interest = 1 billion VND x 5.3%/12 x 24 months = 106 million VND.

Or with the same amount, you can deposit it into NCB Bank with an interest rate of 6.0% for 24 months. The interest you can receive is:

Interest = 1 billion VND x 6.0%/12 x 24 months = 120 million VND.

If you deposit savings in MB Bank with an interest rate of 6.0% for 24 months. The interest you can receive is:

Interest = 1 billion VND x 6.0%/12 x 24 months = 120 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 see more articles about interest rates from Lao Dong Newspaper HERE

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