银行大额存单利率新低，部分跌破1%

Core Insights - The deposit market is undergoing significant changes in 2026, with large-denomination certificates of deposit (CDs) seeing a decline in interest rates, with some small and medium-sized banks offering 3-month products below 1%, marking a historic low [1][2] - This shift is altering depositors' perceptions of "high-interest deposits" and is prompting a restructuring of asset allocation in the financial market [1] Summary by Category Interest Rate Trends - The interest rates for short-term large-denomination CDs have dropped below 1% for the first time, with most banks focusing on products with a maturity of one year or less, while the issuance of three-year products has significantly decreased [1] - The average interest rate for three-year products is now generally below 2%, and one-year rates are often less than 1.5%, with rates for products under one year falling below 1% [1] Market Dynamics - Small and medium-sized banks, which previously had an advantage over state-owned banks in terms of interest rates, are not showing expected competitive rates in new products, with some offering rates as low as 0.95% for 3-month CDs [2] - The downward trend in deposit rates is expected to continue, indicating a shift away from the era of "easy earnings" from savings [2] Regulatory and Competitive Landscape - The decline in interest rates is attributed to multiple factors, including sustained pressure on banks' net interest margins, leading them to lower long-term product rates [2] - Regulatory efforts to curb irrational deposit competition have also played a role in suppressing high-interest deposit offerings [2] Future Outlook - Experts predict that the interest rates for large-denomination CDs will continue to decline, particularly for short-term products, which may approach zero [4] - Investors are advised to diversify their asset allocations, with recommendations for stable investments like fixed-term deposits and government bonds, while those with higher risk tolerance may consider "fixed income plus" products and equity investments [4][5]