银行大动作！这类大额存单利率，跌破1%

Core Viewpoint - The interest rates for large time deposits at small and medium-sized banks in China have dropped below 1% for 3-month terms, indicating a shift in the deposit market as banks respond to narrowing net interest margins and aim for stable operations [1][2][8]. Group 1: Interest Rate Changes - Several small and medium-sized banks have begun to lower their deposit rates, with Anhui Xin'an Bank reducing its 2-year fixed deposit rate by 10 basis points to 2.25% [3]. - The 3-month large time deposit rates at some rural commercial banks have fallen below 1%, with Mengla Rural Commercial Bank offering a rate of 0.93% for its 3-month deposit [3][4]. - Other banks, such as Yunnan Tengchong Rural Commercial Bank and Longyang Rural Commercial Bank, are also offering 3-month deposits at rates of 0.95% [5][6]. Group 2: Economic Context - The decline in deposit rates reflects a broader transformation in the banking sector, characterized by a "balance sheet repair" process amid insufficient loan demand and persistently low interest rates [8][9]. - The overall net interest margin for commercial banks was reported at 1.42% as of Q3 2025, with large banks at 1.31%, indicating pressure on banks to lower deposit costs to maintain margins [9]. Group 3: Implications for Investors - Investors are advised to shift their financial strategies from seeking absolute high interest rates to constructing optimal risk-return portfolios, as the era of "easy money" is coming to an end [1][10]. - Recommendations for investors include accepting a new standard of "steady returns," embracing diversified financial products, and considering long-term investments in high-dividend assets or broad market indices [10][11].