Core Viewpoint - Some banks are raising fixed deposit rates despite a general trend of declining deposit rates, aiming to attract customer deposits during the traditional year-end savings season [1][4]. Group 1: Deposit Rate Adjustments - Hangzhou Bank has increased its 3-year fixed deposit rate for new funds of 200,000 yuan to 1.9%, up by 10 basis points from the previous rate [2][3]. - Ningbo Bank has raised its 1-year fixed deposit rate for new funds of 200,000 yuan to a maximum of 1.6%, previously 1.5%, and for 3-year fixed deposits of 50,000 yuan to a maximum of 1.85%, previously 1.55% [3]. - Shengjing Bank has introduced a new deposit product with rates of 1.65%, 1.75%, and 1.85% for 1-year, 2-year, and 3-year terms respectively, with a minimum deposit of 10,000 yuan [3]. Group 2: Market Dynamics and Future Outlook - The increase in deposit rates by some banks is seen as a temporary measure to attract deposits, particularly among smaller regional banks facing more significant pressure to gather funds [4]. - Major state-owned banks are simultaneously reducing high-cost long-term deposits, with some banks discontinuing 5-year large certificates of deposit [5]. - Analysts suggest that banks may continue to lower deposit rates to manage funding costs and stabilize net interest margins, indicating a potential downward trend in deposit rates moving forward [5][6].