Updated on December 3, the highest savings interest rates listed by banks are 5.8%/year and 5.7%, for a 12-month term.

The only bank listing an interest rate of 5.8%/year is OceanBank. Recorded for terms of 12 months to 36 months, for customers making online savings deposits.

In addition, for terms from 1 to 5 months, OceanBank listed interest rates from 4.3 to 4.5% per year. For terms from 6 to 11 months, OceanBank listed savings interest rates from 5.5 to 5.6% per year.

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 200 million VND in OceanBank with an interest rate of 5.8% for a 12-month term. The interest you receive is estimated as:

Interest = 200 million VND x 5.8%/12 x 12 months = 11.6 million VND

Before making a deposit, readers should compare savings interest rates between banks and interest rates between terms to get the highest interest.