Group of banks listed the highest 9-month savings interest rates

According to Lao Dong reporter's records at 12:00 on January 13, 2024, the banks with the highest interest rates for a 10-month term include NCB (5.45%/year); KienlongBank (5.4%/year); SHB, Nam A Bank, VietABank, VietABank (5.2%/year); PVcomBank (5%/year).

Below are details of interest rates for some banks on the website, readers can refer to:

Deposit 500 million VND, after 9 months receive more than 20 million VND in interest

To quickly calculate bank interest, you can apply the interest calculation formula:

For example, if you deposit 500 million VND at bank A for a 9-month term, with an interest rate of 5.45%, the interest received is as follows: 500 million VND x 5.45%/12 x 9 months ≈ 20.44 million VND.

With the same amount and term above, if you save at bank B with an interest rate of 3%/year, the amount you can receive will be: 500 million VND x 3%/12 x 9 months = 11.25 million VND.