VietinBank's interest rate is the highest in the Big4 group. How much interest do you get if you deposit 500 million VND?

Full set of latest VietinBank interest rates for June

According to Lao Dong, Vietnam Joint Stock Commercial Bank for Industry and Trade is currently listing interest rates ranging from 2.0-5.0%/year after the recent interest rate increase.

The current savings interest rate table posted by VietinBank is as follows:

1-month deposit interest rate is 2.0%/year.

3-month deposit interest rate is 2.3%/year.

Interest rate on 6-9 month term deposits is 3.3%/year.

12-month deposit interest rate is 4.7%/year.

Interest rate on 24-36 month term deposits is 5.0%/year.

Vietinbank savings interest rate table. Screenshot.

In the Big4 banking group including BIDV, Vietcombank, VietinBank, Agribank, VietinBank is currently holding the most preferential interest rate compared to the remaining banks, followed by BIDV's interest rate.

Accordingly, BIDV's interest rate currently fluctuates between 1.7-4.8%/year, Vietcombank's interest rate currently fluctuates between 1.6-4.7%/year, Agribank's interest rate fluctuates between 1.6-4.7%/year, VietinBank's interest rate fluctuates between 2.0-5.0%/year.

Although Agribank and Vietcombank interest rates fluctuate within a similar range, Agribank's interest rates are 0.1 percentage points higher than Vietcombank's for terms of 6 months, 9 months and 12 months.

Savings interest rate table of Big4 Banks. Graphics: Huyen Mai.

Deposit 500 million at VietinBank, how much interest do you receive?

Readers can quickly calculate bank interest using the following formula:

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

Thus, depositing 500 million at VietinBank, customers can receive the highest interest rate as follows (applicable to individual customers):

1 month term: 833,333 VND.

3 month term: 2,875,000 VND.

6 month term: 8,250,000 VND.

9 month term: 12,375,000 VND.

12 month term: 23,500,000 VND.

Term 36 months: 75,000,000 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.

Readers can refer to more articles about interest rates HERE.

Source: https://laodong.vn/kinh-doanh/lai-suat-vietinbank-cao-nhat-nhom-big4-gui-500-trieu-dong-nhan-lai-bao-nhieu-1358237.ldo