多家中小银行中长期定存产品密集下架

Core Viewpoint - Recent adjustments by small and medium-sized banks in China focus on optimizing liability structures and reducing costs, particularly by eliminating long-term deposit products and lowering interest rates [1][2][3] Group 1: Bank Adjustments - Several small and medium-sized banks have recently removed 3-year and 5-year fixed deposit products, with some banks explicitly canceling the 5-year fixed deposit option [1][2] - The Inner Mongolia Tongyu Mengyin Village Bank was the first to announce the cancellation of the 5-year fixed deposit starting November 5, with interest rates for 1-year and 2-year deposits reduced by 5 basis points to 1.45% and 1.55%, respectively, and a 10 basis point reduction for the 3-year deposit to 1.85% [1] - Other banks, including private banks like WeBank and CITIC Baixin Bank, have also removed 5-year fixed deposit options, with some even eliminating 3-year deposits [2] Group 2: Market Trends - The phenomenon of "interest rate inversion" is becoming more common, where 3-year deposit rates exceed 5-year rates, indicating a decline in the attractiveness of long-term deposits [2][3] - The adjustments are driven by both operational pressures and policy environments, with narrowing net interest margins particularly affecting small and medium-sized banks [3] - The expectation is that more banks will follow suit in adjusting long-term deposit products, leading to a potential industry-wide trend [2][3] Group 3: Future Outlook - Analysts predict a downward trend in deposit rates, especially for medium- to long-term deposits, as banks face ongoing pressure on net interest margins [4] - Banks are advised to diversify income sources and enhance service efficiency to maintain competitiveness, particularly those that have relied heavily on high-interest deposits [3][4] - The structure of bank deposit products is expected to shift towards shorter and more differentiated offerings, with a simplification of medium- to long-term products and an overall decline in interest rates [3][4]