Vietcombank's highest interest rate, deposit 200 million VND, how much money will you receive?

Update Vietcombank deposit interest rates

According to Lao Dong, on June 29, Vietcombank is listing interest rates around 1.6-4.7%/year.

Vietcombank's non-term interest rate is listed at 0.1%/year; 1-2 months at 1.6%/year; 3 months at 1.9%/year; 6 and 9 months at 2.9%/year; 12 months at 4.6%/year; 24-60 months at 4.7%/year.

Readers can refer to the interest rates of three other banks in the Big 4 group through the following table:

In addition, readers can refer to the interest rates recorded by some banks on June 29:

PVcomBank's highest interest rate is 9.5%/year for a 12-13 month deposit term with a minimum deposit of VND 2,000 billion.

Next is HDBank with a fairly high interest rate, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND.

MSB also applies a fairly high interest rate with interest rates at bank counters of up to 8%/year for a term of 13 months. The applicable conditions are that the savings book is newly opened or the savings book is opened from January 1, 2018, automatically renewed with a term of 12 months, 13 months and the deposit amount is from 500 billion VND.

Dong A Bank has a deposit interest rate, term of 13 months or more, end-of-term interest with deposits of 200 billion VND or more, applying an interest rate of 7.5%/year.

NCB and OceanBank apply an interest rate of 6.1% for a 24-month term;OCB applies an interest rate of 6% for a 36-month term; ABBank applies an interest rate of 6% for a 12-month term; Cake by VPBank and VRB also apply an interest rate of 6% for a 24-month term.

How to receive interest if depositing 200 million VND at Vietcombank?

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

For example, if you deposit 200 million VND at Vietcombank for a 3-month term, with an interest rate of 1.9%, the interest received is as follows: 200 million VND x 1.9%/12 x 3 months = 950,000 VND.

With the same amount of money and bank above, if you save for 12 months with an interest rate of 4.6%/year, the amount you can receive will be: 200 million VND x 4.6%/12 x 12 months = 9.2 million VND.