Interest Rates Fall, but Savings Still Hold Appeal

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interest ratessavings accountsState Bank of Vietnambanks

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• Interest rates in early November 2026: Savings deposit rates cool across the board, certificate of deposit rates adjust slightly

  Early-November 2026 rate tables show many banks cut savings deposit rates for at least one term or channel, following State Bank of Vietnam guidance to stabilize interest rate levels. The typical cut is 0.5 percentage points a year, concentrated in terms of 6 months and longer, while rates for terms under 6 months at most banks were kept unchanged due to the 4.75% per year ceiling. NCB cut more sharply by 0.6 percentage points and brought its highest rate down to 6.2% a year, while BAC A BANK's highest rate is 6.6% a year for 12 months. After the adjustments, the highest listed rate is 6.6% a year for 1–6 month terms and 7% a year for terms of 12 months and above, and most banks list 12-month rates below 7% a year. For certificates of deposit, MB and Techcombank made small cuts on October 30, while VPBank still lists a top rate of 9% a year for certificates from VND 100 million in the 184–389 day range.

  CafeF·01/11, 03:48▲ VNINDEXinterest ratessavings accountsState Bank of Vietnam
• Governor: People deposit a lot of money because they trust the banking system

  Governor Phạm Đức Ấn explained that credit still carries most of the economy's capital needs because Vietnamese people keep depositing savings, reflecting trust in the banking system, and he expects this balance to shift as capital markets become more attractive. Although short-term deposits make up 80% of total deposits, people roll them over continuously, so deposits function as stable, long-term funding. As of end-August, household deposits reached over 11.43 million billion VND, up nearly 1.1 million billion VND (10.6%) since the start of the year; over the latest five months, net deposit inflows averaged 175,000 billion VND a month, nearly 2.4 times the average of the five months before. After nine months, credit grew 12.27%, deposit rates rose 1.42% while lending rates rose only 0.99%, and real estate lending grew 9.84%. He also urged SMEs to operate more transparently and not keep two balance sheets, so banks can assess their financial health when lending.

  VnExpress·31/10, 05:30▲ ACB▲ BID▲ CTG▲ EIBbanksinterest ratescredit
• Surprisingly 'ultra-low' deposit rates at SCB

  Saigon Joint Stock Commercial Bank (SCB) has cut deposit rates across all terms, now listed at 0.01% to 1.18% a year depending on term. The article says SCB's 12-month rate is about 5% below state-owned banks and up to 7% below private banks. Other banks have also cut: SaigonBank has brought most terms below 7% a year, VPBank has lowered its 6–11-month rate to 6.6% for deposits under 10 billion dong, and Sacombank has reduced its 24–36-month rate from 7.8% to 7.3% a year for deposits of 500 million dong or more. The State Bank of Vietnam has asked banks to cut average deposit rates for new terms of 6 months or more by at least 0.5% a year in the final months of 2026, and to reduce lending rates by 1.5–2% a year for production, business and priority sectors.

  CafeF·29/10, 00:09• VNINDEXinterest ratesbankssavings accounts
• Savings rates fall to near 0% at one bank

  Ngan hang TMCP Sai Gon (SCB) cut its online savings rates for new individual customers to 0.1-0.7% per year from October 26, 2026, well below the system's general level. Deposits of 31, 39 and 45 days and 1 to 5 months earn 0.1% per year, 6 to 11 months 0.5%, 12, 13, 15 and 18 months 0.6%, and 24 and 36 months 0.7%, the highest in the table. For 100 million VND deposited for 12 months at 0.6% per year, interest at maturity is 600,000 VND; for 24 months at 0.7%, estimated interest is 1.4 million VND, assuming the rate holds and no early withdrawal. The move follows an October 21 directive from the State Bank of Vietnam requiring banks to cut average deposit rates by at least 0.5 percentage points per year for new deposits of six months or longer in late 2026. SCB has been under special control since 2022 and has shrunk from nearly 240 transaction points to about 8 across 6 localities.

  CafeF·28/10, 00:25interest ratessavings accountsState Bank of Vietnam
• One bank cuts savings rates to nearly 0%

  Ngân hàng TMCP Sài Gòn (SCB) has cut online savings rates for newly opening individual customers to 0.1%–0.7% per year from October 26, with 12-month deposits at 0.6% and 24-month deposits at 0.7%. For a 100 million dong deposit, the article estimates interest of 600,000 dong over 12 months and about 1.4 million dong over 24 months, assuming the rate holds and there is no early withdrawal. The move follows a State Bank of Vietnam directive on October 21 that banks cut average rates on new deposits of 6 months or longer by at least 0.5 percentage points in late 2026. SCB has been under special control since 2022, typically keeps the lowest deposit rates in the market and rarely changes them, and has shrunk from nearly 240 transaction points to about 8 across 6 localities.

  CafeF·27/10, 17:12• VNINDEXinterest ratessavings accountsbanks
• SCB cuts savings interest rates to nearly 0%

  Saigon Commercial Bank (SCB) cut its deposit interest rates from October 26 by 1.5 to 3.2 percentage points, and now pays 0.5% a year for 6–11 month terms, 0.7% for 2–3 year terms, and 0.1% for terms under 6 months. The move came about a week after the State Bank of Vietnam asked banks to cut savings rates for terms of 6 months or more and lower lending rates. Since being placed under special control in mid-2022, SCB has typically received liquidity support from the State Bank and exemption from deposit insurance premiums, so it has less need to attract deposits with high rates, though it had once ranked among the highest-paying banks, such as 8.25% in 2022. SCB now has only 8 branches after 39 closed from mid-July, and it says handling collateral to recover bad debts is its top priority.

  VnExpress·27/10, 13:18• VNINDEX• ACB• BID• CTGbanksinterest ratessavings accounts

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• Deputy Governor Pham Thanh Ha: SBV Strongly Implementing Measures to Reduce Interest Rate Levels

  Deputy Governor Pham Thanh Ha said the SBV will actively manage liquidity and supply capital to the market to support lower interest rates, amid high credit demand and global inflation pressure on rates. The SBV has asked credit institutions to cut deposit rates by 0.5-1% per year for new deposits with terms of 6 months or more and to reduce lending rates by 1.5-2% for production, business and priority sectors. Banks have uniformly cut listed rates by 0.5% per year, actual deposit rates fell about 0.4%, and new loan rates fell 0.2-0.5% compared with early October. More than 20 banks have announced preferential credit programs, and the SBV recently launched a 6-month FX-to-VND swap tool.

  CafeF·04/11, 07:58▲ VNINDEX▲ DIG▲ DXG▲ HDCinterest ratesState Bank of Vietnambanks
• Democrats win US House to secure control of Congress in midterms

  Democrats have won control of both chambers of Congress in the midterms, winning House seats in districts where Trump beat his Democratic opponent by up to 18 percentage points in 2024. They also flipped at least seven Senate seats in Kansas, Iowa, Texas, Ohio, Maine, North Carolina and South Carolina, according to the Associated Press. From January 2027 they will take control of House committees, allowing subpoenas and investigations into the Trump administration and his family's business interests, which could reshape the outlook for crypto legislation and bring greater scrutiny of Trump-linked digital asset businesses. Commentators cited affordability, including high energy costs and renewed rate increases, as the defining issue, while David Gokhshtein blamed Republican candidates for failing to connect with voters. Prediction markets had put the chance of Democrats winning both chambers at roughly 75% before the results were announced.

  Cointelegraph·04/11, 07:50• DXYmidterm electionsDemocratic PartyDonald Trump
• Zcash Is Getting a Major Upgrade in November. Could This Be a Catalyst for Further ZEC Price Gains?

  The NU7 upgrade, due around Nov. 5, will cut Zcash's target block time from 75 seconds to 25 seconds, making confirmations roughly three times faster, although each exchange sets its own confirmation count. It also sends 60% of each block's fees into a network sustainability reserve, with miners keeping 40%, adds per-block limits on shielded transactions, and shuts down the Sprout privacy pool. The main risk is execution, as activation is on a faster schedule than the usual three months and stable mainnet software only launched on Oct. 22; funds left in Sprout would be lost. The author doesn't expect a big price impact, since upgrades are scheduled in advance and Zcash is already up 134% year to date, though a clean switch would be a positive sign.

  Yahoo Finance·04/11, 07:50▲ ZEC/USDTZECcryptocybersecurity
• Gold, silver and precious metals prices jump, dollar dips as Democrats take control of Congress

  Precious metals rallied early Tuesday after vote counting in the U.S. midterms pointed to Democrats winning the House, while the dollar index fell about 0.3%. Spot gold rose 2% to $4,005.40 an ounce and spot silver jumped 4% to $51.68, with platinum up 3.3% and palladium up 3.8%. StoneX's Rhona O'Connell said Democratic control of both chambers could bring fiscal brinkmanship and uncertainty, but gold should find support as rates and the dollar may come under pressure. Gold and silver have lost momentum this year, with gold down more than 7% and silver down almost 28% year to date. Capital.com's Daniela Hathorn said the recovery remains fragile, as restrictive monetary policy limits safe-haven demand and investors may sell metals to raise cash during equity selloffs.

  CNBC·04/11, 07:43▲ XAU/USD▼ DXY▲ PAXG/USDT▲ XAUT/USDTgoldsilverUS dollar
• Democrats Have Retaken the House and Senate -- but There's an Even Bigger Winner Today

  According to the Associated Press, Democrats have taken control of both the House of Representatives and the Senate, and President Trump will work with a Democrat-led Congress starting in early January. The article notes that a divided Congress is unlikely to pass major tax and spending bills, but could complicate debt-ceiling talks in 2027 and raise the risk of a lengthy government shutdown, while Democrats favor stricter AI rules such as limiting data center expansion. Prediction markets put Democratic control at 94% for the House and 77% for the Senate, while UBS assigns a 50% probability to Democrats winning both chambers. Citing Retirement Researcher, the article says the S&P 500 has averaged 16.63% annual gains since 1926 under a Democratic president and a divided Congress, versus 7.33% under a Republican president and a split Congress. The article argues that company operations and innovation, rather than political outcomes, are the main drivers of long-term investor returns.

  Yahoo Finance·04/11, 07:43• DXYmidterm electionsDemocratic PartyDonald Trump
• Electricity Prices Down 2%, EVN Expects Revenue Loss of Nearly VND 1,600 Billion per Month

  EVN says a 2% average electricity price cut combined with a new tariff structure will reduce its revenue by nearly VND 1,600 billion per month, with production customers seeing the largest cut at VND 578.1 billion. Tourist accommodation will save VND 342.6 billion and EV charging VND 53.3 billion, while household customers are expected to see about VND 424.1 billion in monthly reductions. The household tier structure drops from six steps to five; EVN estimates about 98.23% of households using up to 900 kWh per month will pay less, while about 1.77% using more than 900 kWh will pay more. From Monday to Saturday, peak hours shift to 17h30-22h30 and off-peak hours to 0h-6h, so operating schedules and shift planning will directly affect costs for businesses.

  CafeF·04/11, 07:43▼ NT2• REEelectricityNT2EVN