Multiple joint-stock banks have lowered their RMB deposit interest rates from now on. Deposit | Bank | Interest Rate
The reporter learned from several banks early this morning that after the six major banks announced a partial reduction in deposit interest rates last Thursday, several national joint-stock banks, including China Merchants Bank, Shanghai Pudong Development Bank, Everbright Bank, CITIC Bank, Minsheng Bank, and Hengfeng Bank, have also announced a partial reduction in RMB deposit interest rates starting today. The downward adjustment range ranges from 5 to 15 basis points, with 1 basis point representing 0.01%. This is the second time these banks have lowered their deposit interest rates, following the adjustment in September last year.
After adjustment, the annualized interest rate for RMB current deposits in these joint-stock banks is 0.2%, which is the same as that of the six major banks; For fixed deposits of three months, six months, one year, two years, three years, and five years, except for China Merchants Bank which maintains the same interest rate as the six major banks, the interest rates of other joint-stock banks are slightly higher than those of the six major banks. In addition, similar to the six major banks, the three month, six month, and one-year fixed deposit interest rates of each joint-stock bank have not been adjusted.
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Announcement of Minsheng Bank
△ The latest interest rate statement of Everbright Bank
![Multiple joint-stock banks have lowered their RMB deposit interest rates from now on. Deposit | Bank | Interest Rate](https://a5qu.com/upload/images/d69745670a930e92a546d57b4a415eb1.jpg)