Group 1 - Major Chinese banks, including ICBC, ABC, BOC, CCB, BOCOM, and CMB, collectively lowered deposit rates across various products on the 20th [1] - The rates for fixed-term deposits were reduced by 15 basis points for 3-month, 6-month, 1-year, and 2-year terms, now at 0.65%, 0.85%, 0.95%, and 1.05% respectively; 3-year and 5-year terms were lowered by 25 basis points to 1.25% and 1.30% [1][4] - The 7-day notice deposit rate was also reduced by 15 basis points [1] Group 2 - This marks the first round of deposit rate cuts by banks this year, with a calculation indicating that interest for a 100,000 yuan deposit for one year will decrease by 150 yuan, and for a 200,000 yuan deposit over three years, it will decrease by 1,500 yuan [4] - Concurrently, the Loan Prime Rate (LPR) saw its first decline of the year, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5%, both down by 10 basis points from the previous month [4] - For a 1 million yuan loan over 30 years, the LPR decrease results in a monthly payment reduction of approximately 54 yuan and a total repayment reduction of about 20,000 yuan [4] Group 3 - Chief economist of China Minsheng Bank, Wen Bin, noted that the deposit rate cuts led by major state-owned and joint-stock banks create space for LPR adjustments, as the reduction in deposit rates exceeds that of LPR [5] - Wen Bin emphasized that ongoing external uncertainties and trade frictions are affecting market expectations and export growth, which may slow down credit expansion for foreign trade enterprises and related sectors [5] - The appropriate reduction in LPR is expected to guide loan rates downward, stimulating effective financing demand and stabilizing credit levels to support economic recovery [5]
存贷款利率都降了 10万元存一年利息将减少150元
Zhong Guo Xin Wen Wang·2025-05-20 05:28