长期存款产品“退潮”！六大行，调整！

Core Viewpoint - The recent withdrawal of 5-year large denomination time deposits by multiple banks reflects a strategic shift in response to ongoing pressure on net interest margins, leading banks to reduce long-term liabilities and adjust deposit rates [2][3][4]. Group 1: Bank Actions - Major state-owned banks, including Industrial, Agricultural, China, Construction, Transportation, and Postal Savings Banks, have stopped displaying 5-year large denomination time deposits, with 3-year deposit rates dropping to between 1.5% and 1.75% [2]. - Several smaller banks, such as Meizhou Merchant Bank and Yilian Bank, have also removed 5-year fixed deposit products from their offerings [2]. - The trend of withdrawing long-term deposit products is not sudden; for instance, China Bank previously announced limited availability of 3-year and 5-year large denomination time deposits [2]. Group 2: Impact on Depositors - The reduction of long-term deposit products has created a dilemma for ordinary depositors, as many are uncertain about where to allocate their idle funds amidst low interest rates [3]. - A survey indicated that 62.3% of urban depositors preferred "more savings," a decrease of 1.5 percentage points from the previous quarter, suggesting a shift in asset allocation strategies due to low interest rates [3]. Group 3: Industry Implications - The decline in long-term deposit products is pushing banks to accelerate their transformation, focusing on wealth management and custodial services to enhance non-interest income [3][4]. - The ongoing narrowing of net interest margins is a significant factor affecting bank profitability, and the recent withdrawal of high-interest long-term deposit products is seen as a necessary step to stabilize these margins [4].