Highest interest rates of Agribank, Vietcombank, VietinBank and BIDV on April 24

Interest rate fluctuations of Agribank, VietinBank, Vietcombank and BIDV

Recorded by Lao Dong reporter with 4 banks Vietcombank, Agribank, VietinBank and BIDV in the early morning of April 24, 2024, the deposit interest rate schedule is listed around the threshold of 1.6-4.8%/year.

Among them, VietinBank has the highest interest rate (4.8% for terms over 24 months). Below are details of the latest Big 4 interest rates:

Below are detailed updates on interest rates for banks in the Big 4 group:

In addition, readers can refer to the interest rates of some other banks through the following table:

Currently, the highest interest rate is normally below the threshold of 5.8%/year. Some banks have higher interest rates, but customers must meet some very strict conditions when depositing savings.

PVcomBank is the bank with the highest interest rate, with an interest rate of 9.5%/year for a deposit term of 12-13 months with a minimum deposit of 2,000 billion VND.

Next is HDBank with quite high interest rates, 8.1%/year for a 13-month term and 7.7% for a 12-month term, with the condition of maintaining a minimum balance of 500 billion VND.

MSB also applies quite high interest rates with deposit interest rates at bank counters up to 8%/year for a 13-month term. Applicable conditions are newly opened savings books or savings books opened from January 1, 2018 that automatically renew with deposit terms of 12 months, 13 months and deposit amount from 500 billion VND.

Dong A Bank has a deposit interest rate with a term of 13 months or more, and the interest rate at the end of the term for a deposit of 200 billion VND or more applies at an interest rate of 7.5%/year.

OCB applies an interest rate of 6% for a 13-month term; OceanBank also applies an interest rate of 6%, 24-month term.

How to save 300 million VND at Big 4 to receive interest?

To calculate interest on savings at the bank, you can apply the formula:

For example, if you deposit 300 million VND for a 12-month term at Bank A with an interest rate of 4.7%/year, you can receive: 300 million VND x 4.7%/12 x 12 = 14.1 million VND.

With the same amount and term above, if you deposit savings at Bank B with an interest rate of 4.6%, the interest you receive will be: 300 million VND x 4.6%/12 x 12 = 13.8 million copper.