银行负债结构往深了调五年期存款产品首见“下架”

Core Viewpoint - The recent decision by the Tongyu County Mengyin Village Bank to cancel its five-year fixed deposit product reflects the broader trend among small and medium-sized banks in response to declining interest margins and the need to adjust their liability structures [1][2][5]. Group 1: Changes in Deposit Products - The Tongyu County Mengyin Village Bank is the first commercial bank to eliminate the five-year fixed deposit product, indicating direct transmission of pressure from declining interest margins [2]. - The bank has also reduced interest rates for other fixed deposit terms, with the one-year rate decreasing from 1.50% to 1.45%, the two-year rate from 1.60% to 1.55%, and the three-year rate from 1.95% to 1.85% [2]. - Other small and medium-sized banks have similarly announced reductions in deposit rates, with some experiencing cuts of up to 80 basis points [2]. Group 2: Industry Trends - The adjustments made by small and medium-sized banks are indicative of a larger industry trend, where banks are reluctant to accept longer-term deposits due to pressure on interest margins [3]. - The five-year large denomination certificates of deposit (CDs) have also seen a decline, with many banks no longer offering them, and new issuances reflecting lower interest rates compared to previous offerings [4]. - The overall trend shows that banks are focusing on managing their liability costs and are likely to continue adjusting long-term deposit products in the future [5][6]. Group 3: Future Outlook - Industry experts suggest that more banks may follow suit in adjusting long-term deposit products due to ongoing pressure on net interest margins [5][6]. - The continuous decline in loan market quoted rates (LPR) is contributing to lower loan yields, prompting banks to reduce deposit rates to manage costs effectively [6]. - The limited availability of long-term deposit products may lead depositors to reassess their risk tolerance and consider diversifying their asset allocations [6].