For individual customers who deposit for 1 and 2 months, Agribank lists the interest rate at 3%/year. For 3-5 month terms, Agribank lists the interest rate at 3.3%/year. Agribank's savings interest rate for 6-11 month terms is 4.3%/year. Customers who deposit for 12-24 months receive the highest interest rate of 5.3%/year.
Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.
For corporate customers, Agribank's deposit interest rates range from 2.7 - 4.8%/year. Specifically, for 1 and 2 month terms, customers receive an interest rate of 2.7%/year. The interest rate for 3 - 5 month term deposits is applied at 3.2%/year.
The interest rate for deposits with terms of 6 - 11 months is 4.2%/year. The highest interest rate of 4.8%/year is applied for terms of 12 - 24 months. Non-term deposits will be listed with a low interest rate of 0.3%/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 100 million VND in Agribank, with an interest rate of 5.3% for a 12-month term. The interest you receive is estimated at:
Interest = 100 million VND x 5.3%/12 x 12 months = 5.3 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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