A bank appears with 12-month interest rates up to 8.2%/year

Illustration: Tra My

3 banks with the highest interest rates for 12-month term

According to Lao Dong reporter's records on November 1, 2023 with 20 banks, the 12-month term interest rate table fluctuates from 5.3 - 6.2%, depending on the bank. Below are the 3 banks with the highest interest rates for this term.

PVcomBank's 12-month interest rate is currently at 6.2%, applied to online savings. Currently, PVcomBank's interest rate schedule for all terms fluctuates around 3.95-6.5%/year.

PVcomBank's highest online interest rate is 6.8%. Screenshot on November 1, 2023

Next is NCB, with 12-month interest rates ranging from 5.75 - 5.9%. In addition, NCB also listed the highest interest rate of 6.1% for terms from 15 months to 60 months.

Interest rates for 12-month savings at NCB fluctuate around 5.75 - 5.9%. Screenshot on November 1, 2023

At HDBank, for a 12-month term, customers enjoy the highest interest rate of 8.2%, applied to savings of at least 300 billion VND at the counter and receive interest at the end of the term... In case of opening a savings account online, the highest interest rate at HDBank is 5.9%.

HDBank interest rates when customers open a book at the counter. Screenshot on November 1, 2023.

HDBank interest rates when customers deposit savings online. Screenshot on November 1, 2023

In addition, readers can refer to interest rates of other banks below:

The 12-month CB interest rate is also at a very high level. Screenshot on November 1, 2023.

SeABank interest rates. Screenshot on November 1, 2023.

MSB interest rates. Screenshot on November 1, 2023.

VietinBank's 12-month interest rate is at 5.3%. Screenshot on November 1, 2023.

BIDV's 12-month interest rate is also at 5.3%. Screenshot on November 1, 2023.

Deposit 500 million VND after 12 months, receive up to 31 million VND in interest

To quickly calculate bank interest, you can apply the interest calculation formula:

Interest = Deposit x interest rate/12 months x actual number of months of deposit.

For example, if you deposit 500 million VND at bank A for a 12-month term, with an interest rate of 6.2%, the interest received is as follows: 500 million VND x 6.2%/12 x 12 months = 31 million VND.

With the same amount and term above, if you save at bank B with an interest rate of 5.3%/year, the amount you can receive will be: 500 million VND x 5.3%/12 x 12 months = 26.5 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.

Source: https://laodong.vn/tien-te-dau-tu/xuat-hien-ngan-hang-co-lai-suat-12-thang-len-toi-82nam-1261671.ldo