Saving 200 million VND at Agribank or BIDV, which interest rate is higher?

According to a survey by Lao Dong Newspaper reporters, for some terms, Agribank listed interest rates 0.1%/year lower than BIDV.

BIDV listed interest rates for 1-month and 2-month terms at 1.7%/year. For this term, Agribank listed interest rates 0.1% lower than BIDV, at 1.6%/year. For 3-5 month terms, BIDV listed interest rates at 2%/year. For this term, Agribank listed interest rates 1.9% lower than BIDV, at 2%/year.

For other terms, these two banks list the same interest rates. For terms of 6-11 months, BIDV and Agribank list savings interest rates at 3%/year. Customers depositing money for terms of 12-24 months at BIDV and Agribank receive the highest interest rate of 4.7%/year.

In addition, when customers make demand deposits and payment deposits at Agribank, they will receive interest rates of 0.2%/year.

Customers depositing money without a term at BIDV receive interest rates of 0.1%/year.

Readers can quickly calculate bank interest using the following formula:

For example, you deposit 200 million VND in bank A, with an interest rate of 4.7% for a 12-month term. The interest you receive is estimated at:

200 million VND x 4.7%/12 x 12 months = 9.4 million VND

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