According to a survey by Lao Dong Newspaper with nearly 30 banks in the system, most banks are listing 24-month term interest rates below 7%/year.
Leading the 18-month term, PVcomBank listed the highest savings interest rate at 6.5%/year when customers deposit savings online. Customers who deposit savings at the counter and receive interest at the end of the term only receive an interest rate of 6.3%/year.
Currently, PVcomBank is leading the market by listing the highest interest rate at 10.5%/year for a 12-13 month term and requiring a minimum deposit of VND2,000 billion. For other terms, PVcomBank lists interest rates ranging from 0.5 - 10.5%/year.
HDBank is listing the 18-month savings interest rate at 6.5%/year when customers deposit savings online. In addition, HDBank is listing the highest interest rate at 8.6%/year for a 13-month term with the condition of maintaining a minimum balance of VND300 billion.
Also in this term, OceanBank is listing the highest interest rate at 6.5%/year when customers deposit savings online. Customers depositing savings at the counter only receive an interest rate of 6.4%/year. This is also the highest interest rate OceanBank is listing in terms.
In addition, OceanBank is currently listing interest rates for 24 and 36-month terms at 6.5%/year.
Below is a comparison table of 18-month savings interest rates in a system of nearly 30 banks, readers can refer to:
With 1 billion VND in 18-month savings, how much money can I receive at most?
You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:
Interest = Deposit x deposit interest rate %/12 x number of months of deposit
For example, you deposit 1 billion VND in bank A, for 18 months and enjoy an interest rate of 6.5%/year, the interest received is as follows:
1 billion VND x 6.5%/12 months x 18 months = 97.5 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.
Readers can refer to more articles about interest rates HERE.
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