Full set of latest Vietinbank interest rates for June

According to Lao Dong, in early June, savings interest rates at the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) are currently fluctuating between 1.7-4.8%/year.

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

Interest rate on 1-month deposits is 1.7%/year.

3-month deposit interest rate is 2.0%/year.

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

12-month deposit interest rate is 4.7%/year.

Interest rate on 18-36 month term deposits is 4.8%/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, followed by VietinBank's interest rate.

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.

Within the same fluctuation range, online deposit interest rates at BIDV are slightly higher than those at VietinBank by about 0.1-0.3 percentage points at all terms.

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

Depositing 500 million VND at VietinBank, how much interest will I receive at each term?

Readers can quickly calculate bank interest using the following formula:

Thus, depositing 500 million VND at VietinBank, customers can receive the highest interest rate as follows (applicable to individual customers):

1 month term: 708,333 VND.

3 month term: 2,500,000 VND.

6 month term: 7,500,000 VND.

9 month term: 11,250,000 VND.

12 month term: 23,500,000 VND.

36 month term: 72,000,000 VND.