According to PV Lao Dong at more than 20 banks, savings interest rates for individual customers range from 4.2 - 10.5%, depending on conditions. In particular, PVcomBank listed the highest savings interest rate for this term at 10.5%, for customers depositing savings at the counter with a new deposit balance of VND 2,000 billion or more. In addition, for this term, if depositing money online, the highest PVcomBank interest rate is 5.7%.

The highest 12-month bank interest rate is up to 10.5%, listed by PVcomBank when customers deposit savings with a balance of VND2,000 billion or more. Graphics: Minh Huy

Next is HDBank, with a savings interest rate of 8.2% when customers deposit money for 12 months with a deposit balance of 300 billion VND or more. In other cases, when depositing for 12 months, the highest interest rate is 5.9%. Also in this term, NCB listed the highest interest rate at 5.7%. Next is SHB, with a savings interest rate of 5.6%. Other banks, with interest rates also above 5%, include: SCB (5.45%), DongABank (5.4%), BacABank (5.3%), MB (5.3%), TPBank (5.35%), VPBank (5.3%). Meanwhile, the group of banks such as: Agribank, Vietinbank, interest rates are at 4.3%... Depositing 500 million VND, how will you receive interest after 12 months? To calculate the interest on savings at the bank, you can apply the formula: Interest = deposit x interest rate %/12 x number of months of deposit For example, if you deposit 500 million VND for a 12-month term at TPBank with an interest rate of 5.35%/year, you can receive: 500 million VND x 5.35%/12 x 12 = 26.75 million VND. With the same amount and term above, if you deposit at PVcomBank with an interest rate of 5.7%, the interest you receive will be: 500 million VND x 5.7%/12 x 12 = 28.5 million VND. In the case that you deposit at VPBank with an interest rate of 5.3%, the interest you receive will be: 500 million VND x 5.3%/12 x 12 = 25 million VND.