五年期定存悄然“退场” 银行业高成本存款产品调整进行时

Core Viewpoint - The recent adjustments by small and medium-sized banks to long-term fixed deposit products reflect the banking industry's efforts to optimize deposit structures and reduce liability costs amid narrowing net interest margins [2][5]. Group 1: Changes in Deposit Products - Many small and medium-sized banks have recently announced the removal of five-year fixed deposit products and have simultaneously lowered interest rates across various deposit terms [3][4]. - The adjustments are particularly pronounced among private banks and rural banks, with institutions like SuShang Bank and HuaRui Bank leading the changes [3]. - Major state-owned banks and several joint-stock banks are also tightening the supply of long-term deposit products, making five-year large-denomination certificates of deposit increasingly rare [3][4]. Group 2: Impact on Net Interest Margin - The banking sector is facing significant pressure on net interest margins, which have fallen to historical lows, currently at 1.42% as of the end of Q3 [5]. - The decline in net interest margins is attributed to both falling loan rates and the rigid costs associated with deposits, prompting banks to take proactive measures to manage costs [5]. - Small and medium-sized banks, with relatively weaker funding capabilities, are leading the way in removing five-year fixed deposit products to optimize their liability structures and reduce costs [5]. Group 3: Future Outlook for Depositors - The trend of reducing high-cost deposit products is expected to continue, with potential further declines in deposit rates as banks adjust to the current interest rate environment [6]. - Depositors are encouraged to shift their investment strategies away from traditional long-term high-interest savings models towards more flexible and diversified asset allocation strategies [6][7]. - Financial experts suggest that individuals should consider a mix of different deposit terms and explore other investment products such as funds and bank wealth management products to enhance expected returns [7].