6-month savings deposit, name 3 banks with the highest interest rates in December

According to a survey by Lao Dong Newspaper reporters at nearly 30 banks in the system, 6-month savings interest rates are fluctuating around 4.1 - 5.5%/year.

HDBank is listing the 6-month term interest rate at 5.5%/year when customers deposit savings online. Under normal conditions, HDBank lists the highest interest rate at 6.5%/year for an 18-month term when customers deposit money online.

HDBank online savings interest rate table on December 16, 2023. Screenshot

OceanBank is listing the highest 6-month savings interest rate at 5.5%/year when customers deposit online. Customers depositing at the counter only receive an interest rate of 5.4%/year.

OceanBank interest rate table on December 16, 2023. Screenshot

PVcomBank is listing the 6-month term interest rate at 5.3%/year when customers deposit savings online. Customers depositing money at the counter only receive an interest rate of 5%/year, with interest paid at the end of the term.

PVcomBank savings interest rate table on December 16, 2023. Screenshot

Deposit 500 million VND for 6 months, how much interest do you receive?

With your spare money, you can deposit it in savings to earn interest. You 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 500 million VND in Bank A, with an interest rate of 5.5% for a 6-month term. The interest you receive is estimated at:

Interest = 500 million VND x 5.5%/12 x 6 months = 13.75 million VND.

So, before saving, you 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.

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