Buzz
Understanding bank interest rates is crucial for making the most prudent deposit decisions. Like other banks, PGBank also provides customers with high-yield savings deposit services compared to the market. Before making a decision, readers should grasp the specific savings interest rates at PGBank mentioned in the following article.
Factors Influencing Savings Interest Rates at PGBank
Understanding the Dynamics of Savings Interest Rates at PGBank depends on various factors such as:
+) Deposit Type: Typically, there are two types of savings deposits: VND and foreign currency (USD, EUR)
+) Deposit Term: The interest rate varies flexibly depending on the deposit term, whether it's weekly, monthly, or yearly.
+) Interest Withdrawal Method: The two common methods for interest withdrawal are either at the end of the term or monthly payout.
Savings Interest Rates at PGBank (Petrolimex Petroleum Commercial Joint Stock Bank)
Savings Interest Rates at PGBank - VND
PGBank Savings Interest Rates Chart for Various Terms
+) For 1 - 3 days deposit, no interest is accrued
+) For 4 - 6 days deposit, interest is accrued at 0.50% at the end of the term
+) For 7, 14, and 21 days deposits, interest rate is 0.80%
+) For 1 - 3 months deposits, the interest rate is 5.50% if interest is received at the end of term, and 5.49% for every 2 months and 5.47% for every 3 months if monthly interest payment is chosen.
+) For 6 and 9 months deposits: 7.30% per annum (end of term payment); 7.19% for 6 months (monthly payment) and 7.13% for 9 months (monthly payment)
+) For 12 months deposit: 7.80% (end of term); 7.53% (monthly payment)
+) For 13 months deposit: 8% (end of term); 7.70% (monthly payment)
+) For 18 months deposit: 8.20% (end of term); 7.76% (monthly payment)
+) For 24 months deposit: 8.20% (end of term); 7.62% (monthly payment)
+) For 37 months deposit: 8.5% (end of term); 7.60% (monthly payment)
PGBank Foreign Currency Savings Interest Rates
Interest rates for foreign currency deposits are set at 0.10% for EUR deposits with interest payment at the end of terms ranging from 1 month to 24 months. For USD deposits, the interest rate is 0%.
To cater to the diverse needs of customers, PGBank offers 3 savings packages as follows:
Standard Savings Package
Under this package, customers can deposit VND and USD with a minimum balance of 1,000,000 VND and 100 USD. The deposit term includes both non-term and term deposits ranging from 4 days, 5 days, or 1 week to 36 months. With the standard savings package, customers will enjoy the following benefits:
+) Interest is calculated and added to the principal at the end of the term
+) Customers can withdraw their funds at any time, however, if withdrawn before the deposit term, they will only receive the non-term interest rate
+) If a deposit term expires and the customer doesn't withdraw the principal and interest, the bank will automatically roll over the amount into a new term and apply the interest rate accordingly.
Fixed Interest Payment Savings Package
This savings package is applicable only for VND currency with a minimum balance of 1,000,000 VND for terms ranging from 2 months to 36 months. Under this scheme, customers will receive monthly interest payments, have the option for early withdrawal with the non-term interest rate, and automatic rollover into a new term if the deposit term expires without withdrawal.
Online Savings Package
The online savings package is also applicable only for VND currency with a minimum balance of 1,000,000 VND for terms ranging from 4 days to 36 months. Customers will receive interest payment at the end of the deposit term, and have the option to withdraw the savings book and rollover into a new term similar to the two savings packages above.
Above are the savings interest rates at PGBank that Mytour has provided for readers in detail and clarity for consideration. If readers have any questions or concerns, they can contact the PGBank hotline at 1900555574. By calling this hotline, customers will be assisted by hotline agents to address specific issues related to banking services such as account issues, PGBank working hours, promotional programs, etc.
