取消、下架、售罄，5年定期存款正在退出江湖

Core Viewpoint - The recent cancellation of 5-year deposit products by several banks indicates a significant shift in the banking sector's strategy to manage deposit competition and reduce liability costs amid ongoing pressure on net interest margins [1][7]. Group 1: Cancellation of 5-Year Deposits - The Tongyu Mongolian Village Bank announced the cancellation of its 5-year fixed deposit product, becoming the first commercial bank to do so [2]. - Several other banks have also removed 5-year fixed deposit products from their offerings, including the Kun District Mongolian Village Bank, which stopped displaying the 5-year deposit rates [3]. - A total of seven banks have reportedly removed 5-year fixed deposits from their pages, with some also eliminating 3-year deposits [3]. Group 2: Market Trends and Implications - The disappearance of 5-year deposits is a response to the ongoing decline in net interest margins, which fell to 1.42% in Q2 2025, down 0.01 percentage points from Q1 [7]. - The People's Bank of China highlighted the need for banks to manage their liability costs effectively, as the disparity between declining loan rates and slower deposit rate reductions compresses net interest margins [7][9]. - Analysts suggest that banks are adjusting their deposit strategies in anticipation of further interest rate declines, leading to a reduction in long-term deposit offerings [8]. Group 3: Customer Behavior and Preferences - Customers are increasingly reluctant to invest in 5-year deposits due to lower interest rates compared to 3-year options, making the former less attractive [8]. - The trend of banks discontinuing long-term deposit products reflects a broader strategy to optimize their liability structures and manage costs effectively [8].