According to a survey by Lao Dong Newspaper reporters at nearly 30 banks in the system, 6-month savings interest rates are fluctuating around 4.1 - 5.6%/year.

PVcomBank currently lists the highest interest rate for a 6-month term at 5.6%/year when customers deposit savings online and receive interest at the end of the term. Customers receiving interest periodically receive 5.53%/year.

HDBank is listing the 6-month term interest rate at 5.5%/year when customers deposit savings online. Under normal conditions, HDBank lists the highest interest rate at 6.5%/year for an 18-month term when customers deposit money online.

OceanBank is listing the highest 6-month savings interest rate at 5.5%/year when customers deposit online. Customers depositing at the counter only receive an interest rate of 5.4%/year.

VRB is listing the highest interest rate for a 6-month term at 5.5%/year for both individual and corporate customers.

Below is a table of 6-month savings interest rates of nearly 30 banks in the system:

How much interest do I receive if I deposit 500 million 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 500 million VND in Bank A, with an interest rate of 5.6% for a 6-month term. The interest you receive is estimated at:

Interest = 500 million VND x 5.6%/12 x 6 months = 14 million VND.

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