Leading the pack in 12-month term savings interest rates, PVcomBank offers up to 9.5% per year. However, to enjoy this extremely high interest rate, customers need to deposit a minimum of 2,000 billion VND at the counter, and this only applies to products with interest paid at the end of the term.
Under normal conditions, PVcomBank is currently offering the highest interest rate of 4.8% per year for online savings deposits with interest paid at the end of the term. If customers deposit money at the counter, they only receive an interest rate of 4.5% per year.
HDBank lists the highest 12-month savings interest rate at 7.7%/year, provided a minimum balance of 300 billion VND is maintained. Under normal conditions, when depositing online for a 12-month term, customers receive an interest rate of 5.5%/year. If customers deposit money at the counter, they only receive an interest rate of 5.4%/year.
Cake by VPBank is currently offering the highest interest rate for a 12-month term at 5.8% per annum when customers receive interest at the end of the term. Customers receiving interest monthly and quarterly receive interest rates of 5.65% and 5.68%, respectively.
The highest interest rate offered by Cake by VPBank is 6% when customers deposit money for 24-36 months.
Following closely behind, BacABank is currently offering the highest interest rate for a 12-month term at 5.7% per annum for customers receiving interest at the end of the term, with deposits exceeding 1 billion VND. Customers receiving interest monthly and quarterly receive rates of 5.55% and 5.5% respectively.
The highest interest rate offered by BacABank is 5.8% when customers deposit money for 18-36 months with a deposit balance of over 1 billion VND.
NCB offers the highest interest rate of 5.6% per annum for a 12-month term when customers deposit online and receive interest at the end of the term. Customers using traditional savings accounts only receive a maximum interest rate of 5.5% when receiving interest at the end of the term.
NCB is currently offering the highest interest rate at 6.1% per year for customers depositing money for 18-60 months, with interest paid at the end of the term.
How much interest will I earn if I deposit 400 million VND for 12 months?
You can refer to the interest calculation method to find out how much interest you will receive after depositing your savings. To calculate interest, you can apply the following formula:
Interest = Deposit amount x Interest rate %/12 x Number of months deposited.
For example, if you deposit 400 million VND into Bank A for a 12-month term and earn an interest rate of 5.8% per year, the interest received will be as follows:
400 million VND x 5.8%/12 x 12 = 23.2 million VND.
* Interest rate information is for reference only and may change from time to time. Please contact your nearest bank branch or hotline for specific advice.
Readers can find more information about interest rates HERE.
Source: https://laodong.vn/tien-te-dau-tu/xuat-appear-2-ngan-hang-niem-yet-lai-suat-hon-77-khi-gui-tiet-kiem-12-thang-1356071.ldo






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