How much interest do you get if you save 1 billion VND for 6 months at MBbank?

According to a survey by Lao Dong Newspaper reporters on January 30, MBBank's 6-month savings interest rate for individual customers is listed at 3.8%/year.

In addition, for terms of 1-5 months, MBBank lists interest rates ranging from 2.5 - 3.2%/year. For terms of 6-11 months, MBBank lists savings interest rates from 3.8 - 4.1%/year. Customers depositing for 12-15 months receive interest rates from 4.7%/year.

Customers who deposit for 18 months receive interest rate of 5.1%/year.

Customers who save for 24 months receive an interest rate of 5.8%/year.

Customers who deposit for 36-60 months receive the highest interest rate of 6%/year. Customers who deposit without term only receive interest rate of 0.1%/year.

How much money can I receive if I deposit 1 billion VND at MBBank?

Readers can quickly calculate bank interest using the following formula:

For example, you deposit 1 billion VND into MBBank, with an interest rate of 3.8% for a 6-month term. The interest you receive is estimated at:

1 billion VND x 3.8%/12 x 6 months = 19 million VND

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