How much interest do you receive if you save 300 million VND?

Graphics: Khuong Duy

BIDV savings interest rates today

For individual customers depositing savings for 1 and 2 months, BIDV lists interest rates at 1.7% per year. For 3-5 month terms, BIDV lists interest rates at 2% per year.

Savings interest rates at BIDV for terms from 6 to 9 months are at 3%/year. Customers depositing for 12 to 36 months receive the highest interest rate at 4.7%/year.

Customers who deposit money without a term will receive an interest rate of 0.1%/year.

BIDV savings interest rate table. Screenshot

In addition, readers can refer to the interest rates of three other banks in the Big 4 group through the following table:

Interest rate table for terms at Vietcombank, Agribank , VietinBank and BIDV. Data recorded on June 14, 2024. Unit: %/year. Table: Khuong Duy

Unit: %/year. Chart: Khuong Duy

Interest rates of some other banks:

Data recorded on June 14, 2024. Table: Minh Anh

How much interest do you get if you save 300 million VND?

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 300 million VND into BIDV, 12-month term and enjoy 4.7%/year interest rate, the interest received is as follows:

300 million VND x 4.7%/12 months x 12 months = 14.1 million VND.

If you deposit 300 million VND into BIDV for a 3-month term and enjoy an interest rate of 2%/year, the interest received will be as follows:

300 million VND x 2%/12 months x 3 months = 1.5 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/tron-bo-lai-suat-bidv-gui-tiet-kiem-300-trieu-dong-nhan-bao-nhieu-tien-lai-1352786.ldo