A VnExpress survey shows that as of October 26, most banks' published savings rates are no higher than 7% a year after many cut their listed rates, but actual preferential rates remain commonly at 8-9% a year. Actual rates are typically 1-3% higher than listed rates, thanks to app-based vouchers and referral programs: Vietcombank lists 3-5.4% for 6-12 month terms, but customers depositing from 3 million VND via its app may get up to 6.8%, while NCB lists 6.3% online but pays 9% via its app. Saigonbank publicly lists the market's highest rate at 7.9% a year for 13 months, while MB offers 8.2% via its app for deposits from 10 million VND, down from nearly 9.5% two weeks earlier. The State Bank has repeatedly urged banks to cut rates, and on October 18 directed them to lower deposit rates for terms of 6 months and up by at least 0.5%, or face tighter credit growth targets. VDSC expects deposit rates to move sideways or at least not rise again for the rest of this year, but does not expect them to fall much further next year, as medium- and long-term capital demand remains strong and deposit growth still lags credit growth.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Lãi suất tiết kiệm thế nào sau chỉ đạo của Ngân hàng Nhà nước
Read the original on VnExpress ↗
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/26/2026 | 1,763.55 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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About 26 banks have announced cuts to their listed deposit rates since 18/10, yet a Tien Phong survey on 26/10 found that customers with large deposits were still offered rates well above the listed levels, which are commonly 5-6%/year. One state-owned bank advised 8%/year for a 6-month term while its counter table showed 3%/year, and another bank's app displayed 9.0%/year for 6 months against a listed 5.7%/year. On 21/10/2026, the State Bank of Vietnam asked banks to make genuine cuts to deposit and lending rates, with the average rate on new deposits of 6 months or longer to fall by at least 0.5%/year in the final months of the year. Rong Viet Securities (VDSC) expects deposit rates to fall quickly in the short term but finds deep cuts hard in 2027, since the gap between deposits and credit remains large, although it has narrowed from about 2.8 million billion VND to about 2.35 million billion VND.
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