OCB is listing the highest interest rate for a 6-month term at 4.6%/year when customers deposit savings online. Regular customers only receive an interest rate of 4.5%/year.
For other terms, OCB lists interest rates ranging from 0.1-6%/year. The highest interest rate for OCB terms is 6%/year, for customers depositing for 36 months.
HDBank lists the highest interest rate for a 6-month term at 4.6%/year when customers deposit money online and receive interest at the end of the term. HDBank is listing the highest interest rate for an 18-month term at 5.7%/year.
NCB is listing the highest savings interest rate for a 6-month term at 4.55%/year when customers deposit money at An Phu. Customers with traditional deposits receive an interest rate of 4.45%/year.
Following closely, NamABank listed the highest interest rate for a 6-month term at 4.5%/year when customers deposit money online and receive interest at the end of the term. For other terms, NamABank listed the highest interest rate.
VietABank is listing the highest interest rate for a 6-month term at 4.5%/year when customers deposit money online and receive interest at the end of the term. Customers who receive interest monthly receive an interest rate of 4.46%/year.
You can quickly calculate bank interest using the following formula:
Interest = Deposit x interest rate (%)/12 months x number of months of deposit
For example, you deposit 1 billion VND in Bank A, with an interest rate of 4.6% for a 6-month term. The interest you receive is estimated at:
1 billion VND x 4.6%/12 x 6 months = 23 million VND.
So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.
* 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.
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