Saving 1 billion how much interest? How much interest is 1 billion in bank deposits per month? If you have 1 billion in your hand, should you deposit it in a bank? When owning an amount of 1 billion dong, many people often think of bank savings instead of other forms of investment, because this is one of the safest profitable investment methods, guaranteed to receive money. earn interest every month.
However, not everyone knows and understands how much is 1 billion in bank deposits per month. This paragraph, Vninvestment will provide you with the current interest rates of banks. With 1 billion dong, which bank should I send to bring the highest profit? Let's find out together!
If you have 1 billion in your hand, should you deposit it in a bank?
A bank is a financial institution that provides a wide range of services to customers from lending money to receiving savings deposits from customers under various interest packages. The form of savings deposit was born not only to help banks mobilize revolving capital, but also to bring profits to customers below the % interest rate enjoyed at the end of the deposit cycle.
Therefore, the form of bank savings is considered the most popular safe and effective investment channel today. With 1 billion VND when deposited in the bank, you will certainly receive a small amount of money every month. However, in order to determine how much interest is in a 1 billion savings deposit per month, we need to determine the following factors:
- Which savings package do you choose (no term or term)
- What is the % interest rate the bank regulates with the form you choose?
- Which bank has the most suitable interest rate for 1 billion VND?
So, how much interest is 1 billion in 1 month? Is it high enough and worth the investment? Let's learn more together!
Which bank should save 1 billion with high interest rate in 2022?
How much interest is 1 billion in savings? Which bank should I deposit to enjoy the highest interest rate? See the list of savings interest rates of the largest banks in Vietnam right now!
| ACB's savings account interest rate table | ||
|---|---|---|
| Interest rate 8.6%/year | Vietnamese version, TPbank, VIB (requires deposit limit from 100 billion to 500 billion) | |
| Interest rate 8.4% - 8.55%/year | SCB, Eximbank, PVcombank. | |
| Interest rate 8.3%/year | VPbank, Vietinbank, ABbank. | |
| Interest rate 8.0%/year | Viet A Bank, LienVietPostBank, NCB. | |
| Interest rate from 7.7% - 7.9%/year | Sacombank, MBbank Ocean Bank, MSB, KienLong Bank, Bac A Bank. | |
| Interest rate from 6.8% to 7.8%/year | Vietcombank, Vietinbank, Techcombank, BIDV, SeAbank... | |
| Bank with the highest interest rate today | Vietnamese version, TPbank, VIB (high limit required) | |
| Bank with the lowest interest rate today | Vietcombank, Vietinbank, Techcombank, BIDV, SeAbank... | |
How much interest is 1 billion in bank deposits per month? How much interest is 1 billion in savings?
How much interest is 1 billion in bank deposits per month? It can be difficult to estimate exactly how much interest you will receive as each bank charges a slightly different interest rate. Therefore, to determine the exact amount of 1 billion deposited in the bank, how much interest a month you need to determine:
- Sending deadline
- Sending Bank
Immediately apply the 2 formulas below to calculate the bank interest you receive when you save 1 billion!
- Calculated by the number of days sent: Interest = Savings deposit amount x Bank interest rate x actual number of days of deposit / 360 days.
- Calculated by the number of months sent: Interest = Savings deposit amount x Bank interest rate x actual number of months of deposit / 12 months.
For example: You deposit 1 billion VND into Sacombank with an interest rate of 7.9%/year with a term of 12 months. So the amount of interest you get after the end of the 12-month cycle will be:
1,000,000,000 x 7.9% x 12/12 = 79,000,000 VND/ 1 year
So, how much interest does a savings account pay per month? If the data is like the example, we have: 1,000,000,000 x 7.9% x 1/12 = 6,583,333 VND/ 1 month
Besides saving bank accounts, what else can 1 billion do?
Living in the current 4.0 era, in addition to savings, there are many other forms and channels financial investment Other high profitability in the market such as: Investing in securities, buying gold for reserve, investing in real estate, investing in businesses, establishing a company, opening a business store, etc.
However, an investment secret that financial experts recommend people to apply is "combining portfolio diversification and reasonable money allocation for each form" or simply known as division. Eggs for each basket. This form will help you not to miss the potential of other profitable investment channels, instead, you will easily control and limit the risk when applying this method.
Eg: You have idle capital of 1 billion dong, you wonder whether to buy gold to invest or save to help the most profitable cash flow. Many people gamble and put all 1 billion dong to invest in gold. But since buying, the gold market has always been stable without significant changes, so you wait until 1 year later.
If the gold market is lucky, the buying price is 2 million higher than when you bought it, then if you sell it, you will make a profit of 2 million / 1 gold tree. However, there is a risk that gold begins to decline due to the influence of the World gold price, so you have to wait a long time after that for the gold price to gradually stabilize and grow again.
However, if you apply portfolio diversification to 2 gold channels and save money, you can easily manage your capital flow by saving 500 million VND for a 6-month term. The remaining 500 million you invest in gold. If after 6 months, gold is still standing still, you will still receive interest on the amount of 500 million when you deposit in a bank.
This is the smart way to invest idle money to limit risks most effectively, trusted by most experts and recommended by investors to avoid losing money when "putting all your eggs in one basket".
Conclude:
Saving 1 billion how much interest? How much interest is 1 billion in bank deposits per month? What is the current interest rate of each bank? Hopefully, this article has given you all the knowledge about the form of savings and helped you make the most effective investment with 1 billion VND when applying the smart investment secret that Vninvestment shared. Good luck!
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