首现银行停售5年期定存产品，国有大行APP已下架5年期大额存单

Core Viewpoint - Recent adjustments in fixed deposit products by banks, particularly the cancellation of five-year fixed deposits by certain banks, highlight a broader trend of declining deposit rates among small and medium-sized banks in response to net interest margin pressures [1][3][5]. Group 1: Deposit Rate Adjustments - Tuo Yuqi Mengyin Village Bank and Kundu Lun Mengyin Village Bank have announced the cancellation of five-year fixed deposit options, marking them as the first commercial banks to do so [1]. - The adjusted interest rates for various deposit products show a downward trend, with three-month, six-month, one-year, two-year, and three-year rates decreasing by 5 to 10 basis points [2][3]. - Other banks, such as Hainan Baoting Rongxing Village Bank, have also reduced their one-year, two-year, three-year, and five-year fixed deposit rates by up to 65 basis points [3]. Group 2: Market Trends and Implications - The trend of lowering deposit rates is not isolated, as numerous small and medium-sized banks have followed suit, with some products seeing reductions exceeding 60 basis points [3]. - A notable "term inversion" phenomenon is occurring, where long-term deposit rates are lower than short-term rates, indicating banks' reluctance to accept higher-cost long-term liabilities [5][7]. - Major banks, including state-owned and national joint-stock banks, are also experiencing similar trends, with three-year fixed deposit rates often exceeding five-year rates [7]. Group 3: Strategic Responses - Banks are adjusting their strategies to manage net interest margin pressures by reducing long-term deposit offerings and focusing on optimizing their liability structures [5][7]. - The banking sector is also exploring non-interest income sources, such as wealth management and custody services, to stabilize revenue and profits [7][8]. - The shift in deposit rates and the need for banks to adapt to a low-interest environment may prompt investors to consider alternative investment products, such as government bonds and low-risk bank wealth management products [8].