For 1-month and 2-month terms, Agribank listed interest rates 0.2% lower than BIDV. Specifically, Agribank listed interest rates at 2%/year, BIDV listed interest rates at 2.2%/year.
For terms of 3 - 5 months, Agribank and BIDV listed interest rates at 2.5%/year. For terms of 6 - 11 months, savings interest rates at Agribank and BIDV are listed at 3.5%/year. Customers depositing for 12 - 18 months receive interest rates at 5%/year. Customers depositing for 24 months receive the highest interest rate of 5.3%/year.
In addition, customers making demand deposits and payment deposits at Agribank will receive interest rates of 0.2%/year.
Customers who deposit money without a term at BIDV will receive interest at 0.1%/year.
Readers 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 500 million VND in bank A, with an interest rate of 5.3% for a 24-month term. The interest you receive is estimated at:
Interest = 500 million VND x 5.3%/12 x 24 months = 53 million VND.
Before making a deposit, readers 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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