首现银行停售5年期定存产品，国有大行APP已下架5年期大额存单

Core Viewpoint - Recent adjustments in fixed deposit rates by banks, particularly the cancellation of five-year fixed deposits by certain banks, reflect a broader trend among small and medium-sized banks to lower deposit rates in response to pressure on net interest margins [1][5]. Summary by Sections Deposit Rate Adjustments - The announcement from Tuyaqi Mengyin Village Bank and Kundu Lun Mengyin Village Bank indicates the cancellation of five-year fixed deposit options, marking them as the first commercial banks to do so [1]. - A table shows the adjusted rates for various deposit products, with significant reductions in rates for terms of three years and above [2]. Broader Market Trends - Over the past month, numerous small and medium-sized banks have followed suit in lowering deposit rates, with some products seeing declines exceeding 60 basis points [2]. - For instance, Hainan Baoting Rongxing Village Bank has reduced its one-year, two-year, three-year, and five-year fixed deposit rates by 65, 55, 20, and 15 basis points respectively [3]. Interest Rate Pressure - The banking sector is experiencing significant pressure on net interest margins, with the average net interest margin for commercial banks reported at 1.42%, a decrease of 1 basis point from the previous quarter [5]. - There is a notable "term inversion" phenomenon where long-term deposit rates are lower than short-term rates, indicating a reluctance among banks to accept higher-cost long-term liabilities [5]. Strategic Responses - Banks are actively adjusting their liability structures by lowering rates or reducing the supply of long-term products to manage costs [7]. - The trend of eliminating long-term high-cost liabilities has extended to large banks, with many no longer offering five-year large deposits [7]. Future Outlook - Analysts suggest that while interest income for commercial banks will continue to face pressure, the downward trend may ease due to several factors, including improved loan pricing and a better-performing capital market [8]. - The shift in deposit rates may prompt investors to diversify their portfolios towards lower-risk investment products, adapting to the changing financial landscape [8].