Painful cry missed: It's only one day late, it will be lowered from now on! Hangzhou man holding 1 million journalist | certificate of deposit | man
Yesterday afternoon at around 4 o'clock,
Mr. Zhang from Hangzhou hurriedly arrived
A state-owned bank on Stadium Road,
Consultation on interest rates for large deposit certificates.
At present, it is still 3.1%, but there is no limit left,
This may be the last period with a 3.1% interest rate,
Starting from June 8th, interest rates will be adjusted
When the account manager told Mr. Zhang this news,
Mr. Zhang couldn't help but pat his thigh,
"I haven't gotten on the car yet for 1 million!"
On the evening of June 7th,
The Chao News reporter learned from several state-owned banks in the province that,
The bank has received relevant notifications,
Starting from June 8th
Formally lowering the RMB deposit interest rate.
Among them,
The current deposit interest rate will be reduced by 5 basis points
Two year fixed deposit interest rate and interest rate
The upper limit will be lowered by 10 basis points.
Three year and five-year fixed deposit interest rates and interest rates
The upper limit will be lowered by 15 basis points.
The picture shows the newly adjusted deposit interest rate table of a state-owned bank today
A deposit of 1 million yuan with a difference of 6000 yuan over three years
Depositors lament the loss of interest rates starting with three characters
Two days earlier, Mr. Zhang had a premonition that interest rates would be adjusted. "Recently, the news has said that interest rates are being lowered in several parts of the country, so I want to seize the last opportunity as soon as possible. Who knows, it's still a step too late." Mr. Zhang told Chao News reporters that he received a 700000 yuan investment yesterday, and he wants to raise 1 million yuan to deposit a three-year large deposit certificate. "I didn't expect it to be just a small step too late."
The bank account manager told Mr. Zhang that yesterday afternoon their bank issued a large deposit certificate limit of 120 million yuan, but it was very tight and all were pre arranged with the account manager. Mr. Zhang arrived at the bank after 4 o'clock, and the credit limit had already been snatched. "This is probably the last three-year deposit certificate with a 3.1% interest rate, what a pity!" Mr. Zhang said.
This morning, the reporter called several state-owned banks, all of which stated that the interest rate on large certificates of deposit had been lowered. A customer manager of a certain state-owned bank told the reporter that the interest rate on large certificates of deposit had decreased by 20 basis points this time. Yesterday, the three-year large certificate of deposit was 3.1%, and today it has been changed to 2.9%. "Many customers say that every time the interest rate is lowered, it is always unexpected. Indeed, the bank said yesterday afternoon that it will be lowered, and we changed the interest rate overnight. Now, the counter is already implementing the 2.9% interest rate."
Another state-owned bank's wealth management manager told reporters that the bank's large deposit certificates will be adjusted starting today. "The three-year large deposit certificates were 3.2% yesterday and 3.0% today, with a difference of 6000 yuan in returns when one million yuan is stored for three years."
Starting today, the official downward adjustment will begin
A new round of interest rate cuts for RMB deposits has arrived
In addition to attracting attention from large deposit certificates, the demand deposits of several state-owned banks have also started to be lowered today.
Taking China Construction Bank as an example, the reporter found from China Construction Bank's mobile banking that after the adjustment, the current deposit interest rate has been lowered to 0.20%, the two-year fixed deposit interest rate has been lowered to 2.05%, the three-year fixed deposit interest rate has been lowered to 2.45%, and the five-year fixed deposit interest rate has been lowered to 2.50%. The upper limit of interest rates for two-year large deposit certificates will be lowered by 15 basis points, and the upper limit of interest rates for three-year and five-year large deposit certificates will be lowered by 20 basis points.
The staff of the Zhejiang Branch of Bank of Communications told reporters that the adjusted interest rates for the two-year, three-year, and five-year deposits and withdrawals are as follows: for the two-year period, with an annual interest rate of 2.55% for deposits over 50000 yuan; For a three-year term of over 50000 yuan, the annual interest rate is 3.0%. For a five-year term of over 50000 yuan, the annual interest rate is 3.05%. A depositor on site told the Chao News reporter that he compared that there are probably not many state-owned banks with three-year and five-year interest rates still above 3 words.
Due to restrictions on the upper limit of deposit interest rates, some banks are also affected by products that offer interest rate hikes. The fixed deposit product of a state-owned large bank has a five-year interest rate reduced from 3.05% to 2.9%, and a three-year interest rate increased from 3% to 2.85%.
Other banks may follow up on interest rate cuts
Limited downward space
"The interest rate is so low, where should the money be placed now?" Mr. Zhang sighed in the previous text. The interest rate on large certificates of deposit has been less than three characters from 4.15% to now, which is only three or four years. The interest rate has been decreasing, and I really don't know how to place his money.
This interest rate cut is a new round of adjustment by state-owned banks after a round of adjustments in September 2022. In mid September last year, some state-owned and joint-stock banks took the lead in lowering deposit listing rates, followed by some urban commercial banks and rural commercial banks.
However, this time it is different again, with a 10 basis point reduction for the two-year period and a 15 basis point reduction for both the three-year and five-year periods. Chao News reporters have noticed that the cost of medium - and long-term deposits is the main target of pressure reduction for this major bank, and the longer the spot limit, the greater the decrease.
A senior executive of a state-owned bank in Zhejiang told Chao News that CITIC Securities Bank's research report had previously stated that the bank's reduction in deposit interest rates would mainly affect long-term deposit interest rates higher than market rates, further easing the pressure on the bank's debt side.
What citizens are more concerned about is that interest rates have been continuously decreasing in the past two years. Is it possible for deposit interest rates to be further lowered in the future?
Several banking professionals stated in an interview that the downward trend in deposit interest rates is still a major one in the near future, but the space is limited.
Xiao Feifei, Chief Analyst of CITIC Securities in the banking industry, believes that reducing bank deposit costs is still a key direction for this year. This will not only help banks reduce their debt costs, but also help them enhance their ability to support entities. It is not ruled out that future joint-stock banks and urban rural commercial banks may follow up on reducing deposit interest rates based on their own business and supply and demand conditions, thereby benefiting the improvement of industry debt costs.
"It is expected that there is still a possibility of a decrease in deposit interest rates in the future," Dong Ximiao, Chief Researcher of Zhaolian, told Chao News reporters. However, considering that deposit interest rates are currently at a relatively low level, and with macroeconomic recovery and increasing financing demand, the space for future deposit interest rate reductions is relatively limited.
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