近20家中小银行下调存款利率 三年期、五年期定存普遍降至2%以下

Core Viewpoint - The recent trend of interest rate cuts on deposits by small and medium-sized banks follows the collective reduction by major state-owned banks, aimed at controlling liability costs and responding to competitive pressures in the banking sector [1][4][7] Summary by Relevant Sections Interest Rate Cuts - Since August, nearly 20 small and medium-sized banks, including Jiangsu Bank and Shenzhou Ruifeng Village Bank, have lowered their deposit rates, with three-year and five-year fixed deposit rates generally reduced by 10 to 20 basis points, now below 2% [1][3] - Specific examples include Guangdong Chaozhou Rural Commercial Bank reducing its three-year and five-year rates to 1.3% and 1.35%, respectively, and Jilin Longtan Huayi Village Bank lowering its three-year and five-year rates to 1.75% and 1.70% [2][3] Market Response and Strategies - To alleviate deposit pressure, many banks are introducing higher-yielding large-denomination certificates of deposit (CDs), with rates reaching up to 2.3% for certain products [5][6] - The trend of lowering deposit rates is seen as a response to the competitive landscape created by state-owned banks, which have also reduced their rates, prompting smaller banks to follow suit to manage their liability costs [4][7] Recommendations for Small and Medium-Sized Banks - Experts suggest that small and medium-sized banks should optimize their liability structures, enhance customer retention through technology, and develop differentiated financial products to attract stable funding sources [8] - There is an emphasis on the need for banks to improve their asset-liability management and avoid over-reliance on high-interest deposits, which could lead to unsustainable practices [6][8]