Latest Agribank interest rates in August

The Bank for Agriculture and Rural Development (Agribank) issued a new interest rate schedule, recording a significant increase of 0.2-0.3 percentage points at all terms.

The deposit interest rate table at Agribank records the following changes:

1-month term interest rate increased to 1.7%/year.

3-month term interest rate increased to 2.0%/year.

Interest rate for 6-9 month term increased to 3.0%/year.

Interest rates for 12-18 month terms increased to 4.7%/year.

Interest rate for 24-36 month term increased to 4.8%/year.

In the Big4 banking group including BIDV, Vietcombank, VietinBank, Agribank, VietinBank is currently holding the most preferential interest rate compared to the remaining banks, followed by BIDV's interest rate.

Accordingly, BIDV's interest rate currently fluctuates between 1.7-4.8%/year, Vietcombank's interest rate currently fluctuates between 1.6-4.7%/year, Agribank's interest rate fluctuates between 1.7-4.8%/year, VietinBank's interest rate fluctuates between 2.0 - 5.0%/year.

Deposit 500 million VND at Agribank, how much interest do you receive?

Readers can quickly calculate bank interest using the following formula:

Thus, depositing 500 million at Agribank, customers can receive the highest interest rate as follows (applicable to individual customers):

1 month term: 708,333 VND.

3 month term: 2,500,000 VND.

6 month term: 7,500,000 VND.

9 month term: 11,250,000 VND.

12 month term: 23,500,000 VND.

Term 36 months: 72,000,000 VND.