Deposit 500 million VND for 24 months at Agribank and receive interest of 49 million VND

Savings interest rates for individual customers range from 0.2 - 4.9%/year. Illustration: Tra My

According to a survey by Lao Dong Newspaper reporters on March 11, 2024, for 1-month and 2-month terms, Agribank listed interest rates at 1.7%/year. For 3-5 month terms, Agribank listed interest rates at 2%/year. Savings interest rates at Agribank for terms from 6-11 months are at 3%/year. Customers depositing for 12-18 months receive interest rates of 4.8%/year.

Customers who deposit savings for 24 months at Agribank receive the highest interest rate of 4.9%/year.

Customers with non-term deposits and payment deposits will receive interest at 0.2%/year.

Agribank savings interest rate table on March 11, 2024. Screenshot

Readers can quickly calculate bank interest using the following formula:

Interest = Deposit x interest rate (%)/12 months x number of months of deposit.

For example, you deposit 500 million VND in Agribank, with an interest rate of 4.9% for a 24-month term. The interest you receive is estimated at:

500 million VND x 4.9%/12 x 24 months = 49 million VND.

Before making a deposit, readers should compare savings interest rates between banks and interest rates between terms to get the highest interest.

* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.

Readers can refer to more articles about interest rates HERE.

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Source: https://laodong.vn/tien-te-dau-tu/gui-tiet-kiem-500-trieu-dong-24-thang-o-agribank-nhan-lai-suat-49-trieu-dong-1313676.ldo