Latest Agribank interest rates for June, deposit 700 million and receive 98 million VND in interest

Full set of latest Agribank interest rates for June

According to Lao Dong, in early June, savings interest rates at the Vietnam Bank for Agriculture and Rural Development (Agribank) currently fluctuated between 1.6-4.7%/year.

The current savings interest rates at Agribank are listed as follows:

1-month deposit interest rate is 1.6%/year.

3-month deposit interest rate is 1.9%/year.

Interest rate on 6-9 month term deposits is 3.0%/year.

Interest rates on deposits for terms greater than 12 months are 4.7%/year.

In the Big4 banking group including BIDV , Vietcombank, VietinBank, Agribank, BIDV is currently holding the most preferential interest rate compared to the remaining banks. Accordingly, BIDV's interest rate currently fluctuates between 1.7-4.8%/year, Vietcombank's interest rate currently fluctuates between 1.6-4.7%/year, VietinBank's interest rate is between 1.7-4.8%/year.

Although Agribank and Vietcombank interest rates fluctuate within a similar range, Agribank's interest rates are 0.1 percentage points higher than Vietcombank's for terms of 6 months, 9 months and 12 months.

Similarly, in the same year, within the same fluctuation range, online deposit interest rates at BIDV were slightly higher than those at Vietibank by about 0.1-0.3 percentage points at different terms.

Deposit 700 million at Agribank, how much interest will I receive at each term?

Readers can quickly calculate bank interest using the following formula:

Thus, depositing 700 million at Agribank, customers can receive the highest interest rate as follows (applicable to individual customers):

1 month term: 933,333 VND.

3 month term: 2,375,000 VND.

6 month term: 10,500,000 VND.

9 month term: 15,750,000 VND.

12 month term: 32,900,000 VND.

36 month term: 98,700,000 VND.