Suddenly lowered! Someone in Hangzhou saved over 10 million in the rain! Girl's regret: It's still too late
What should come will eventually come, and some banks have lowered their deposit interest rates.
"I was really caught off guard and suddenly lowered the price by a day!" Hangzhou girl Mo Mo sighed regretfully, "I wish I had received 1 million yuan in funds a day earlier!"
Recently, some banks have notified customers to lower their deposit interest rates. One joint-stock bank adjusted its three-year and five-year deposit rates on August 29th, while another city commercial bank announced that it will adjust its two-year and three-year regular fixed deposits, large certificates of deposit, structured deposits, and other products starting from September 1st.
In this context, the bank's account manager revealed that several citizens have recently rushed to the branch to deposit, ranging from tens of thousands to hundreds of thousands, millions, and even tens of millions of large orders.
Many citizens are more concerned about whether the market will usher in a new round of interest rate cuts more than two months after the six major state-owned banks collectively adjusted their deposit interest rates in June?
1 million yuan of funds "empty hate"
Seize the last day's opportunity and cut 10 BP each tomorrow. At around 2 pm on August 28th, Xiaoyue, a girl born in the 1990s in Hangzhou, was browsing her social media when she suddenly saw a customer manager from a joint-stock bank send a message that the deposit interest rate would be lowered the next day.
After the reduction, the three-year interest rate of the deposit product will be reduced from 3.25% to 3.15%, and the five-year interest rate will be adjusted from 3.3% to 3.2%.
"Is the deposit interest rate going to be adjusted in a centralized way?" Xiaoyue asked the customer manager anxiously. The customer manager replied, "I don't know whether it is a centralized adjustment. We also received a notice of reduction suddenly, saying that it would be reduced on August 29."
Xiaoyue didn't ask any more questions and immediately contacted her parents. After a while, her family gathered 800000 yuan and put it into her monthly card. She quickly saved it for three years.
Xiaoyue is quite lucky, and another customer of this bank, Mo Mo, can only sigh with regret for her spare time. "My 1 million yuan funds won't arrive until August 29th, which is just a perfect time! If I'm one day late, the five-year interest rate will differ by 5000 yuan, which is really a waste of money!" Mo Mo revealed that she had no choice but to go to a city commercial bank to deposit a 3.3% interest rate in the next two days.
The customer manager of a branch in the province of this bank told reporters that a customer quickly arrived in the afternoon after learning that the deposit interest rate would be lowered the next day, and deposited a large order worth tens of millions.
Customers deposit millions of yuan in the rain
In addition to a sudden decrease, there are also banks that have predicted early that deposit interest rates will be lowered.
"Starting from September 1st, the prices of personal savings deposits for both 2-year and 3-year terms have decreased to varying degrees. The 2-year term has been adjusted from 2.6% to 2.55%, and the 3-year term has been adjusted from 3.2% to 3.1%. There are still four days left for everyone to seize the opportunity." On August 28th, a customer manager of a listed city commercial bank reminded his friends and customer groups of the specific time when the deposit interest rate will be lowered.
In fact, several account managers of the bank have been predicting since mid August that there will be a wave of interest rate cuts in the near future, and deposits will be made as soon as possible.
"In fact, we lowered the price relatively late and have been predicting for a long time. Customers have sufficient time to deposit," the account manager told reporters. In the past month, many customers have come to deposit, with amounts ranging from 50000 to 100000 to several million to tens of millions.
A customer manager at a branch of the Hangzhou branch of the bank revealed that a major customer had learned that deposit interest rates were about to be lowered. Recently, they braved heavy rain and went to the business department, decisively depositing tens of millions of orders. "It's worth the rain. A 0.1% reduction in interest rates means that the three-year interest rate for a ten million deposit will be 30000 yuan less."
The account manager said that saving money should be done quickly
Not long ago, we reported that the deposit interest rate of a bank in Hangzhou was as high as 3.5%. On August 29th, the reporter visited the bank's branch again.
"Last month, I managed to secure a deposit with an annual interest rate of 3.5%, but only saved 300000 yuan. On September 1st, I had the funds in place. Is there still 3.5% left at that time? If not, 3.4% would be fine!" At the branch, a customer anxiously consulted the account manager.
"Next month, 3.5% is confirmed to be gone, and 3.4% has not been notified yet, but I estimate it is highly unlikely to be saved. If you want to save money, try to do so before September," the account manager replied.
Another customer on site was also full of regret. This customer had snatched up the bank's 250000 yuan 3.45% interest rate product a few days earlier and had originally planned to wait for the funds to be in place next month before depositing some. "When the funds were available, the funds were not in place. When the funds were available, the interest rate was gone."
In addition, the reporter has also visited several banks in Hangzhou these days to inquire about deposit interest rates, and most banks have stated that they have not yet adjusted their fixed deposit rates. "Although we haven't received any notice of a downgrade, everyone should hurry up and get on board when saving money," a customer manager at a city commercial bank in Hangzhou told reporters. Currently, the bank's three-year fixed deposit rate is still at an annual interest rate of 3.3%. In the past three months, this interest rate has attracted deposit special forces from Jiangsu, Shanghai, Anhui and other places, including several million orders.
Several customer managers of state-owned banks in Hangzhou have also stated that interest rates have not been adjusted at present. For example, a state-owned bank on Stadium Road, with a starting price of 50000 yuan, still maintains interest rates of 1.9%, 2.3%, and 2.85% for one-year, two-year, and three-year fixed deposits.
Will a new round of deposit interest rate cuts begin?
"I have seen several banks gradually lowering interest rates. Is there any sign of a new round of deposit rate cuts?" Yesterday, at a bank branch in Qianjiang New City, the reporter saw a citizen consulting with a customer manager about this issue.
In early June this year, six state-owned banks collectively adjusted their deposit interest rates. After more than two months, industry insiders believe that it is possible to initiate a new round of deposit rate cuts based on recent bond market and loan interest rates.
Wang Yuxuan, a researcher of Puyi Standards, said in an interview with Chao News: "From the perspective of pricing mechanism, the deposit interest rate is mainly anchored by the 1-year LPR interest rate and the 10-year treasury bond bond yield. This month, the 1-year LPR interest rate and the 10-year treasury bond yield also declined significantly. Based on the interest rate transmission mechanism, this has laid the foundation for the deposit interest rate reduction, and a new round of deposit interest rate reduction process may start." Wang Yuxuan also pointed out that, in terms of loan interest rate, the loan interest rate showed a downward trend this year. "Generally speaking, there is a positive correlation between the deposit interest rate and the loan interest rate, and the decline of the loan interest rate has also prepared for the deposit interest rate reduction."
Wen Bin, Chief Economist of China Minsheng Bank, told reporters that in the current environment where bank asset side returns are still under pressure, deposit interest rates may be lowered or accelerated to stabilize bank net interest margin and capital return.
A senior official from a state-owned large bank in the province told reporters that it is currently uncertain whether the bank will launch a new round of deposit interest rate cuts. However, based on multiple factors such as the recent one-year LPR, there are certain signs of a new round of deposit interest rate cuts.
"No matter what happens later, if citizens have a demand for deposits, it's better to get on the bus as soon as possible." A customer manager at a state-owned bank in Hangzhou told reporters, "The trend of interest rate cuts does exist. If you want to deposit for a fixed period, hurry up and save. Maybe one day it will be lowered again."
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