Top banks with the highest interest rates

According to Lao Dong reporter's records in the early morning of August 11, 2024, PVcomBank is currently the bank with the highest interest rate in the entire system.

When making a deposit at the counter, for customers with a newly opened deposit balance of VND 2,000 billion or more for a term of 12 months or 13 months and receiving interest at the end of the term, customers can receive an interest rate of up to 9.5%/year.

Below are details of savings interest rates at the counter. PVcomBank:

With online deposits, PVcomBank offers much higher interest rates. However, for the 12-month term in the mass product, this bank only lists the interest rate at 5.1%/year and does not list the interest rate for the 13-month term.

For other terms, PVcomBank listed interest rates at 3.35%/year for terms of 1-2 months; 3.55%/year for terms of 3-4-5 months; 4.5%/year for terms of 6 months; 4.7%/year for terms of 7 to 11 months; 5.8%/year for terms of 18; 24 and 36 months.

Below are details of PVcomBank's online savings interest rates:

In addition to PVcomBank, some banks with high interest rates include HDBank; Dong A Bank; NCB, VRB or OceanBank...

Accordingly, HDBank is listing quite high interest rates, 8.1%/year for 13-month term and 7.7% for 12-month term, with the condition of maintaining a minimum balance of VND500 billion. This bank also applies an interest rate of 6% for 18-month term.

HDBank is also one of the banks with the best deposit interest rates for customers. In particular, HDBank lists interest rates of up to 6%/year for 18-month deposits and direct deposits at the counter.

With online deposits, this interest rate is even higher:

Besides HDBank, many banks also have interest rates as high as 6%/year.

Accordingly, NCB and OceanBank apply an interest rate of 6.1% for a 24-month term; VRB applies an interest rate of 6% for a 24- and 36-month term; OCB applies an interest rate of 6% for a 36-month term...

Below are details of interest rates of some banks with high interest rates:

Readers can refer to the interest rates of some banks through the following table:

How to receive interest on 500 million VND savings for 24 months?

To calculate interest on savings deposits at the bank, you can apply the formula:

For example, if you deposit 500 million VND for a 24-month term at Bank A with an interest rate of 4.7%/year, you can receive: 500 million VND x 4.7%/12 x 24 = 47 million VND.

With the same amount and term above, if you save at Bank B with an interest rate of 6.1%, the interest you receive will be: 500 million VND x 5.8%/12 x 24 = 61 million VND.