从下调利率到直接“退场” 有银行取消五年期定存产品

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][5]. Summary by Category Deposit Rate Adjustments - The announcement from Tuyaqi Mengyin Village Bank and Kundu Lun Mengyin Village Bank indicates the cancellation of five-year fixed deposit options, marking them as the first commercial banks to do so [1]. - The adjusted deposit rates for various terms at Kundu Lun Mengyin Village Bank show a decrease in rates for three-month, six-month, one-year, two-year, and three-year deposits, with the five-year option being removed entirely [2][3]. Industry Trends - The trend of lowering deposit rates is not isolated, as numerous small and medium-sized banks, including Dalian Bank and Hubei Jingmen Rural Commercial Bank, have also reduced their deposit rates, with some products seeing declines exceeding 60 basis points [2]. - The phenomenon of "term inversion" in deposit rates is evident, where long-term deposit rates are lower than short-term rates, as seen with Xinjiang Manas Rural Commercial Bank's recent adjustments [5][6]. Strategic Responses - Banks are actively working to reduce liability costs to address the ongoing pressure on net interest margins, which have reached historical lows [5][7]. - The shift away from high-cost long-term liabilities has been observed, with major banks like China Construction Bank and others no longer offering five-year large denomination certificates of deposit [8][10]. Future Outlook - Analysts suggest that while commercial banks will continue to face pressure on interest income, the downward trend may ease due to factors such as improved capital market performance and the digital transformation of banks [11]. - The changing landscape of deposit rates necessitates a shift in investment strategies for ordinary depositors, encouraging diversification into lower-risk investment products [11].