2 1 Shi Ji Jing Ji Bao Dao·2025-09-24 09:27Core Viewpoint - The recent surge in demand for high-yield large certificates of deposit (CDs) from private banks highlights a competitive market environment, with rates exceeding 2% attracting significant interest from depositors [2][5][6]. Group 1: Market Dynamics - As the end of the month approaches, banks are intensifying their efforts to attract deposits, with some offering large CDs at rates above 2%, leading to a rush in subscriptions [2]. - Private banks are the main players in this high-yield competition, with products like SuShang Bank's 2-year and 3-year CDs offering rates of 2.1% and 2.3%, respectively [5]. - The overall trend indicates that while some banks are offering attractive rates, the majority of large CDs from state-owned banks remain at lower rates, making them less appealing [5][6]. Group 2: Product Availability and Demand - Many high-yield large CDs have limited availability, often selling out quickly due to their low-risk and high-return nature [6][9]. - The current market sees a scarcity of long-term deposit products, as banks are reducing deposit rates, leading to a situation where new high-yield large CDs are hard to come by [6][9]. - The demand for long-term deposits is expected to increase, but the supply of high-yield large CDs may not meet this demand in the future [7]. Group 3: Interest Rate Trends - The net interest margin for commercial banks has been under pressure, with the average margin dropping to 1.42% as of the second quarter [9]. - The trend of lowering interest rates is anticipated to continue, with banks adjusting their product structures to manage costs effectively [9][10]. - Despite the downward pressure on interest rates, the flexibility of large CDs in terms of transferability and liquidity continues to attract investors [7][9].