Top 3 banks with the highest interest rates

According to a survey by Lao Dong Newspaper reporters (00:30 September 23, 2023) at nearly 30 banks in the system, the interest rate for 6-month savings deposits at the counter is fluctuating around 4.5 - 6.35%.

Among them, the group of banks listing high savings interest rates include SCB, NCB, CBBank, VietABank, BaoVietBank...

1. SCB (Saigon Joint Stock Commercial Bank)

SCB is listing the highest interest rate for a 6-month term at 6.35%/year when customers deposit savings online and receive interest at the end of the term. Customers only receive 6.15%/year when receiving interest in advance.

2. CBBank (Construction Bank)

For a 6-month term, CBBank is listing online savings interest rates at 6.3%/year. In addition, CBBank is listing the highest interest rate of 6.7%/year when customers deposit online savings for 13 months.

3. NCB (National Bank)

For a 6-month term, NCB lists the highest interest rate at 6.3%/year for savings at An Phu. For traditional savings, NCB is listing the interest rate at 6.15%/year when customers receive interest at the end of the term.

In addition, NCB is listing the highest interest rate at 6.4%/year when customers deposit savings at An Phu for a term of 12 - 36 months.

Below is a comparison table of 6-month savings interest rates compiled by PV of Lao Dong Newspaper at 00:30 on September 23, 2023 in a system of nearly 30 banks, readers can refer to:

How much interest do I receive if I deposit 1 billion VND for a 6-month term?

With your idle money, you can save it to earn interest. You can quickly calculate bank interest using the following formula:

For example, you deposit 1 billion VND in Bank A, with an interest rate of 6.35% for a 6-month term. The interest you receive is estimated at:

Interest = 1 billion VND x 6.35%/12 x 6 months = 31.75 million VND.

So, before saving, you should compare savings interest rates between banks and interest rates between terms to get the highest interest.