又一家银行官宣停售5年定期存款

Core Viewpoint - The trend of small and medium-sized banks discontinuing long-term deposit products is highlighted, with a combination of product withdrawals and interest rate cuts signaling the end of the "interest-earning era" for depositors [3][4]. Group 1: Discontinuation of Long-Term Deposit Products - Meizhou Commercial Bank announced the discontinuation of its five-year fixed deposit product and the termination of automatic renewal services due to policy adjustments [5]. - Several small and medium-sized banks have also removed five-year fixed deposits, with notable examples including the announcement from Tuyuqi Mengyin Village Bank and Zhongguancun Bank [10]. - A total of seven banks have removed five-year fixed deposits from their offerings, while some banks have listed them as sold out [11]. Group 2: Interest Rate Cuts - A new wave of interest rate cuts is occurring among small and medium-sized banks to address net interest margin pressures, with many banks reducing deposit rates since October [13]. - For instance, Pingyang Pudong Village Bank cut its three-year and five-year deposit rates from 2.1% and 2.15% to 1.3% and 1.35%, a reduction of 80 basis points [13]. - The average net interest margin for various types of banks has narrowed, with state-owned banks, joint-stock banks, private banks, and foreign banks experiencing declines of 14 basis points, 5 basis points, 27 basis points, and 7 basis points respectively [15]. Group 3: Future Outlook - Analysts predict that if the Loan Prime Rate (LPR) is further reduced, deposit rates will likely follow suit, leading to a new round of widespread cuts [17]. - The possibility of new monetary policy measures, including interest rate cuts and reserve requirement ratio reductions, may stimulate internal financing demand [16].