21世纪经济报道·2026-01-09 11:41Group 1 - Major state-owned banks have launched new large-denomination time deposit products, but short-term product interest rates have generally entered the "0" range, with rates for 1-month and 3-month deposits at 0.9% [1] - Compared to state-owned banks, some joint-stock banks and city commercial banks still offer short-term large-denomination time deposits with interest rates above 1%, such as CITIC Bank's 1.1% for a 1-month deposit [1] - The interest rates for large-denomination time deposits from state-owned banks have been reduced, with the current rates for products with a term of 3 years or less ranging from 1.10% to 1.55% [1] Group 2 - Smaller banks are also experiencing downward pressure on short-term interest rates, with some entering the "0" range, as seen with Yunnan Tengchong Rural Commercial Bank offering a 0.95% rate for a 3-month deposit [2] - The adjustment in interest rates is closely related to banks' ongoing efforts to manage net interest margins and reduce funding costs, indicating a potential continuation of the downward trend in deposit rates in the current market environment [2]