Leading the 12-month savings interest rate list, PVcomBank lists interest rates of up to 9.5%/year. However, to enjoy this high interest rate, customers need to meet the minimum deposit requirement of VND 2,000 billion at the counter and only applies to products that receive interest at the end of the term.

Under normal conditions, PVcomBank is listing the highest 12-month interest rate at 5.1%/year when customers deposit savings online and receive interest at the end of the term. If customers deposit money at the counter, they will only receive an interest rate of 4.8%/year.

HDBank listed the highest 12-month savings interest rate at 7.7%/year with the condition of maintaining a minimum balance of VND300 billion. Under normal conditions, when making a 12-month online savings deposit, customers receive an interest rate of 5.5%/year. If customers deposit money at the counter, they only receive an interest rate of 5.4%/year.

ABBank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers receiving interest in advance, monthly and quarterly will receive interest rates of 5.66%, 5.84% and 5.87%/year, respectively.

Cake by VPBank is listing the highest interest rate for a 12-month term at 6%/year when customers receive interest at the end of the term. Customers receiving monthly and quarterly interest receive interest rates of 5.65% and 5.68%, respectively. The highest interest rate listed by Cake by VPBank is 6% when customers deposit money for 12-36 months.

How much interest do you receive if you save 1 billion VND for 12 months?

You can refer to the interest calculation method to know how much interest you will receive after saving. To calculate interest, you can apply the formula:

For example, you deposit 1 billion VND in Bank A, for a term of 12 months and enjoy an interest rate of 6%/year, the interest received is as follows:

1 billion VND x 6%/12 x 12 = 60 million VND.