According to a survey by Lao Dong Newspaper on January 29, 2024 with nearly 30 banks in the system, PVcombank's interest rate is leading the 13-month term market.
Specifically, PVcomBank is listing the highest savings interest rate for a 13-month term at 10%/year, for mass savings products, applied to savings deposits at the counter for newly opened deposit balances of VND 2,000 billion or more, this interest rate has decreased by 0.5% compared to the beginning of December 2023.
Under normal conditions, PVcomBank is listing the highest interest rate for a 13-month term at 5%/year when customers deposit savings at the counter.
In second place, HDBank applies a rate of 8.2%/year for a 13-month term with the condition of maintaining a minimum balance of VND 300 billion. When customers deposit under normal conditions in traditional and online forms, they receive interest rates of 5.2% and 5.3%/year, respectively.
VietABank is listing the highest interest rate for a 13-month term at 5.2%/year when customers deposit money online and receive interest at the end of the term. If customers only receive interest monthly, they will only receive an interest rate of 5.07%/year.
NCB is listing the highest 13-month term interest rate at 5.6%/year when customers deposit savings at An Phu, receiving interest at the end of the term. Customers depositing traditional savings receive an interest rate of 5.45%/year.
Save 1 billion VND, after 13 months how much interest will you receive?
You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:
Interest = deposit x interest rate %/12 x number of months of deposit.
For example, you deposit 1 billion VND in Bank A, term 13 months and enjoy interest rate 5.7%/year, the interest received is as follows:
1 billion VND x 5.7%/12 x 13 = 57 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 information about interest rates HERE.
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