Deposit 1 billion VND and receive up to 136 million VND in interest

Bank interest rates in October 2023 for 24-month deposit terms range from 4.4 - 6.8%/year. Illustration photo: Tra My

According to a survey by Lao Dong reporters of nearly 30 banks in the system on October 15, 2023, most banks are listing 24-month term interest rates below 7%/year.

At the top is PVcomBank, which is listing the highest 24-month savings interest rate at 6.8%/year when customers deposit savings online.

PVcomBank online savings interest rate table on October 15, 2023. Screenshot.

Oceanbank listed the highest interest rate for a 24-month term at 6.5%/year when customers deposit savings online and receive interest at the end of the term. Customers depositing savings at the counter only receive an interest rate of 6.4%/year.

OceanBank savings interest rate table on October 15, 2023. Screenshot.

SHB is currently listing the highest 24-month interest rate at 6.4%/year when customers deposit savings online.

SHB bank savings interest rate table on October 15, 2023. Screenshot.

In addition to the above banks, readers can refer to the interest rate table of banks on October 15, 2023 below:

HDBank savings interest rate table on October 15, 2023. Screenshot.

CBBank savings interest rate table on October 15, 2023. Screenshot.

NCB bank savings interest rate table on October 15, 2023. Screenshot.

With 1 billion VND deposited for 24 months, you will receive 136 million VND in interest.

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 into Bank A, 24-month term and enjoy 6.8% interest rate/year, the interest received is as follows:

1 billion VND x 6.8%/12 months x 24 months = 136 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/lai-suat-tiet-kiem-24-thang-gui-1-ti-dong-nhan-toi-136-trieu-dong-tien-lai-1254589.ldo