Have 1 billion VND in savings for 12 months at BIDV or Agribank to receive high interest rates

BIDV and Agribank 's listed savings interest rates are relatively similar at 0.1-5.3%/year. Graphics: Tuyet Lan

According to a survey by Lao Dong Newspaper reporters on January 7, 2024, the savings interest rates of BIDV and Agribank are listed relatively similar at 0.1-5.3%/year.

BIDV listed interest rates for 1-month and 2-month terms at 2.2%/year. For this term, Agribank listed interest rates 0.2% lower than BIDV, at 2%/year.

For terms of 3-5 months, BIDV and Agribank both list interest rates at 2.5%/year. Saving interest rates at Agribank and BIDV for terms of 6-11 months are at 3.5%/year. Customers depositing for 12-18 months receive interest rates of 5%/year.

Customers depositing money for a 24-month term at these two banks receive the highest interest rate of 5.3%/year.

In addition, when customers make demand deposits and payment deposits at Agribank, they will receive interest at 0.2%/year.

Customers depositing money without a term at BIDV receive interest at 0.1%/year.

BIDV savings interest rate table on January 7, 2024. Screenshot

Agribank savings interest rate table on January 7, 2024. Screenshot

Save 1 billion VND for 12 months and you can receive up to 50 million VND in interest.

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 1 billion VND in bank A, with an interest rate of 5% for a 12-month term. The interest you receive is estimated at:

Interest = 1 billion VND x 5%/12 x 12 months = 50 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 on interest rates HERE.

Source: https://laodong.vn/tien-te-dau-tu/co-1-ti-dong-gui-tiet-kiem-12-thang-o-bidv-hay-agribank-de-nhan-lai-suat-cao-1289632.ldo