How much is 5 billion in bank deposits per month? Is it high?

Have How much interest is 5 billion deposited in the bank? 1 month? How much is the interest in depositing 5 billion VND per month in the bank? Should you save money in a bank when you have 5 billion dong in hand? In this article, Vninvestment will reveal to you the savings interest rates of each bank and help you answer the question "How much is it to deposit 5 billion per month from the bank"!

Should you deposit in a bank savings account when you have 5 billion in hand?

The form of bank savings is no longer strange to many people because it is a safe and low-risk financial investment method that is trusted and favored by many people. Not only creating opportunities to create profits for customers, this is also a form of helping banks to mobilize revolving capital in the most calculated and effective way.

With this form, you will receive both capital and interest after the end of the bank deposit cycle. So, should you save when you have 5 billion in hand? With 5 billion dong, you will definitely receive a huge interest every month in the safest and most secure way.

Therefore, if you are a person who does not like to take risks with other forms of investment with potential risks, bank savings is the perfect choice that you cannot ignore! So how much interest is in the bank deposit of 5 billion? Let's find out together!

How much is the interest in depositing 5 billion VND per month in the bank?

To be able to determine how much to deposit 5 billion per month at the bank, we need to determine the following factors:

Which bank? What is the bank interest rate with 5 billion?
Which savings term package you choose (no term or term)
How long do you want to send? (1 month, 3 months, 6 months, 1 year, or 2 years,..)
Which bank has the most suitable % interest rate for the time you deposit and with VND 5 billion?

Before answering the question "how much interest is there in having 5 billion in the bank?" Let's find out about the current interest rates of banks in Vietnam!

How much is the interest in depositing 5 billion VND per month in the bank?

Which bank is the most profitable bank to save 5 billion?

Here are the interest rates of banks in Vietnam that you can refer to:

The highest % bank interest rate of 8.6%/year belongs to: Ban Viet, TPbank, VIB but has a minimum requirement to send from 100 billion to 500 billion VND
Interest rates from 8.4% to 8.55% belong to: SCB, Eximbank, PVcombank.
Banks with an interest rate of 8.3%/year are: VPbank, Vietinbank, ABbank.
Banks with an interest rate of 8.0%/year include: Viet A Bank, LienVietPostBank, NCB.
Interest rates from 7.7 to 7.9%/year belong to: MBbank, Sacombank, KienLong Bank, Ocean Bank, MSB, , Bac A Bank.
Banks with average interest rates from 6.8% to 7.8%/year include banks: Vietcombank, Vietinbank, Techcombank, BIDV, SeAbank...

How much is 5 billion deposit per month?

How much is 5 billion in bank deposits per month? It is quite difficult to estimate the exact amount of interest you will receive after the end of the deposit cycle because each bank stipulates a different interest rate that is more or less different. Therefore, it is difficult to know exactly how much you will receive when you deposit 5 billion VND in the bank.

However, you can refer to the bank interest rate that we have provided, then choose a bank with the appropriate interest rate and then apply the following 2 formulas:

Calculated according to the number of deposit days: Interest you receive = Amount you save x Interest % bank x actual number of days deposit / 360 days.
Calculated by the number of months of deposit: Interest you receive = Amount you save x Interest % bank x actual number of months of deposit / 12 months.

Example: You deposit 5 billion dong into SCB with an interest rate of 8.55%/year with a term of 12 months. So the amount of interest you receive in 1 month of this deposit cycle is:

5,000,000 x 8.55% x 1/12 = 35,625,000 VND/ 1 month

So, how much is the interest in depositing 5 billion VND per month in the bank? Each month you will receive about 35 million 625 thousand VND if our example is the same as the actual % and the term you choose to send. So accordingly, after the end of the 1-year deposit period, you will receive:

35,625,000 x 12 = 427,500,000 VND/1 year

How much is 5 billion deposit per month?

Conclusion:

How much interest is 5 billion deposited in the bank?? Is it high? 5 billion is a very large amount of money so it also gives you a huge amount of profit. However, in fact, you can earn many times that number if you know how to properly invest in other financial investment fields such as real estate, business cooperation, bitcoin investment, securities, ...

Therefore, you should choose for yourself the most effective form of investment with 5 billion VND by diversifying investment channels that you consider as potential and suitable for 5 billion VND. Good luck!