Core Viewpoint - The article discusses the recent adjustments in the USD fixed deposit rates by mainland banks following the Federal Reserve's decision to lower interest rates, indicating a trend of decreasing rates across various banks in China [2][5]. Group 1: Mainland Bank Adjustments - Following the Federal Reserve's rate cut on September 17, 2025, many local banks in mainland China have begun to lower their USD fixed deposit rates, which previously exceeded 4% [2]. - On September 23, Huashang Bank reduced its USD fixed deposit rates by 25 basis points, with new rates for 1-month, 3-month, and 6-month deposits set at 3.75%, 3.85%, and 3.90% respectively [2]. - Xi'an Bank is also expected to lower its rates around September 28, with rates for various terms dropping from 3.6%-4.3% to 3.2%-3.98% [3]. Group 2: Customer Strategies - Customers are advised to lock in their deposits before the rates drop further, as indicated by bank representatives [3][4]. - A customer named Chen Li was informed about significant rate cuts at Guangdong Huaxing Bank before they occurred, prompting her to secure her deposits at higher rates [5]. - Chen Li's experience highlights the importance of timing in securing favorable deposit rates, as she managed to deposit before the rates fell below 4% [6]. Group 3: Hong Kong Market Comparison - In contrast to mainland banks, many Hong Kong banks still offer attractive USD fixed deposit rates above 3%, with some promotional rates reaching as high as 5.09% for new funds [9][10]. - A virtual bank in Hong Kong launched a promotional campaign offering a 3-month USD fixed deposit at 5.09%, which attracted significant customer interest [9]. - Major banks in Hong Kong, such as HSBC and Bank of China Hong Kong, have maintained their rates around 3.5%-3.7% despite the Federal Reserve's rate cut [11].