Update deposit interest rates at Agribank
Agribank listed the highest interest rate for a 24-month term at 4.8%/year, while the non-term interest rate and deposit payment are at 0.2%/year.
Interest rate details for each term:
1 and 2 month terms: 2.1%/year.
3, 4, 5-month term: 2.4%/year.
6 to 11 month term: 3.5%/year.
12, 13, 15, 18-month term: 4.7%/year.
24-month term: 4.8%/year.
How do you receive interest if you deposit 150 million VND at Agribank?
Formula for calculating bank deposit interest:
Interest = Deposit x interest rate (%)/12 months x deposit term
With a deposit of 150 million VND at Agribank, customers can receive the following interest:
Note that the above interest amount is calculated according to the interest payment method at the end of the term and is for reference only. For the most detailed and updated information, customers should contact the nearest Agribank branch directly or visit the bank's official website.
Choosing a deposit term depends on your financial needs. If you need flexibility, you should choose a short term such as 1-6 months to easily withdraw money when needed without losing interest. However, short-term interest rates are often lower.
On the contrary, if you have a long-term idle amount and do not plan to use it in the near future, you should choose a long term such as 12-24 months to enjoy a higher interest rate. However, the disadvantage of long terms is that deposits cannot be withdrawn ahead of schedule without affecting interest rates. Therefore, before deciding, consider between liquidity and profit to make the right choice.
Group of banks with the highest interest rates
The highest interest rate is up to 7.5-9.65%, but to enjoy this interest rate, customers must meet special conditions.
ABBank leads in special interest rates, at 9.65%/year for newly opened/repetited customers with savings deposits of VND1,500 billion or more, term of 13 months.
PVcomBank also applies a special interest rate of 9%/year for a term of 12-13 months when depositing money at the counter. The applicable condition is that customers must maintain a minimum balance of VND 2,000 billion.
HDBank applies an interest rate of 8.1%/year for a 13-month term and 7.7%/year for a 12-month term, with the condition of maintaining a minimum balance of VND500 billion.
Vikki Bank applies the interest rate of 7.5%/year for term deposits of 13 months or more, with a minimum amount of VND 999 billion; Bac A Bank is listing the highest interest rate of 6% with a term of 18-36 months for deposits of over 1 billion; IVB applies 6.15% interest rates for 36 -month term, conditions applicable to deposits of VND 1,500 billion or more.
ACB applies an interest rate of 6%/year for a 13-month term with interest paid at the end of the term when customers have a deposit balance of VND200 billion or more.
At LPBank, for deposits of VND300 billion or more, the mobilization interest rate applied to customers receiving interest at the end of the term is 6.5%/year, receiving monthly interest of 6.3%/year and receiving interest at the beginning of the term is 6.07%/year.
Currently, interest rates above 6%/year are being listed by some banks for long-term deposits but do not require a minimum deposit amount.
Cake by VPBank applies 6%/year interest rate for 12-18 months and 6.3%/year for terms 24-36 months; Vikki Bank applies 6% interest rate for 24 -month term; VietABank applies 6% interest rates for terms of 18 and 24 months, 6.1% for 36 -month term; HDBank applies 6% interest rate for 18 -month term; GPBank applies the interest rate of 6.05%/year for 12-month term, 6.15%/year for terms of 13-36 months.
