Banks with high interest rates for savings at the end of October

Compare 18-month interest rates at banks

According to a survey by Lao Dong Newspaper with 20 banks in the system, banks are listing interest rates below 6.5%/year. Recently, most banks have adjusted their interest rates down quickly.

For 18-month terms, banks list interest rates around 5.3% to 6.5% per year. Some banks with high interest rates include PVcomBank (6.5% per year); NCB (6.4% per year); CB (6.0% per year)...

Below is the interest rate table of some banks recorded on the website on the morning of October 27:

PVcomBank's online interest rate table. Screenshot

NCB interest rate table. Screenshot

CB interest rate table. Screenshot

In addition, below is the interest rate table of some banks with quite high interest rates, recorded on October 27, 2023, readers can refer to:

VRB interest rate table. Screenshot

DongA Bank's online interest rate table. Screenshot

SCB's online interest rate table. Screenshot

BIDV interest rate table. Screenshot

VietinBank's online interest rate table. Screenshot

How much money can you get if you save 250 million for 18 months?

To calculate interest you can apply the formula:

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

For example, with 250 million VND, if you save for 18 months at bank A with an interest rate of 6.5%/year, you can receive: 250 million VND x 6.5%/12 x 18 = 24.375 million VND.

With the same amount of money, if you deposit it in bank B, for an 18-month term with an interest rate of 5.3%, the interest you receive will be: 250 million VND x 5.3%/12 x 18 = 19.875 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/nhung-ngan-hang-co-lai-suat-cao-de-gui-tiet-kiem-cuoi-thang-10-1259576.ldo