According to a survey conducted by Lao Dong Newspaper on February 17, VPBank listed interest rates for 1-5 month savings at around 3.4-3.6%/year when customers deposit money online and receive interest at the end of the term. Customers depositing money at the counter only receive interest rates of 3.3-3.5%/year.

For terms of 6-11 months, VPBank lists savings interest rates at 4.7%/year. Customers depositing money at the counter receive interest rates 0.1% lower at 3.3-4.6%/year.

Customers deposit money from 12-36 months, receive interest at the end of the term and receive the highest interest rate of 5%/year.

Customers depositing money for 1-3 weeks only receive interest at 0.1%/year.

How much interest do I receive if I deposit 500 million VND for a 12-month term at VPBank?

Readers can quickly calculate bank interest using the following formula:

For example, you deposit 500 million VND into VPBank, with an interest rate of 5% for a 12-month term. The interest you receive is estimated at:

500 million VND x 5%/12 x 12 months = 25 million VND.

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