Deposit 600 million VND and receive more than 42 million VND in interest

Agribank applies a savings interest rate range for individual customers in the range of 0.2 - 4.7%/year. Illustration photo: Tra My

For 1-month and 2-month terms, Agribank listed interest rates at 1.6%/year. For 3-5 month terms, Agribank listed interest rates at 1.9%/year. Savings interest rates at Agribank for terms from 6-11 months are at 3%/year. Customers depositing for 12-24 months receive interest rates of 4.7%/year.

Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.

Agribank savings interest rate table. Screenshot

How much interest can I receive if I save 600 million VND at Agribank?

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 600 million VND into Agribank, with an interest rate of 4.7% for a term of 18 months. The interest you receive is estimated as:

600 million VND x 4.7%/12 x 18 months = 42.3 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/lai-suat-agribank-gui-tiet-kiem-600-trieu-dong-nhan-hon-42-trieu-tien-lai-1356073.ldo