According to a survey by Lao Dong Newspaper reporters (9:00 a.m. on October 6, 2023) at nearly 30 banks in the system, the 6-month savings interest rate at the counter is fluctuating around 4.3 - 6.4%.

In which, the group of banks listing high savings interest rates includes PVcomBank, CBBank, NCB, VietABank, BaoVietBank...

For a 6-month term, PVcomBank is listing an interest rate of 6.4%/year when customers deposit savings online and receive interest at the end of the term. Customers only receive an interest rate of 6.31%/year when depositing savings online and receiving interest periodically.

PVcomBank is listing the highest interest rate of 6.8%/year when customers deposit online for terms of 18, 24, and 36 months.

In addition, PVcomBank has raised the interest rate to 11%/year for a term of 12-13 months, applied to a minimum deposit of VND2,000 billion. This is the most attractive interest rate on the market today, demonstrating PVcomBank's strong competitive strategy to attract large capital sources from organizations and businesses.

For a 6-month term, NCB lists the highest interest rate at 6.3%/year for savings at An Phu. For traditional savings, NCB is listing the interest rate at 6.15%/year when customers receive interest at the end of the term.

In addition, NCB is listing the highest interest rate at 6.4%/year when customers deposit savings at An Phu for a term of 12-36 months.

BaoVietBank lists the highest 6-month term interest rate of 6.1%/year when customers deposit savings online and receive interest at the end of the term.

Below is a comparison table of 6-month savings interest rates compiled by PV of Lao Dong Newspaper on October 6, 2023 in a system of nearly 30 banks.

How much interest do I receive if I deposit 1 billion VND for a 6-month term?

With your idle money, you can save it to earn interest. You can quickly calculate bank interest using the following formula:

For example, you deposit 1 billion VND in Bank A, with an interest rate of 6.4% for a 6-month term. The interest you receive is estimated at:

Interest = 1 billion VND x 6.4%/12 x 6 months = 32 million VND.

So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.