降息大环境叠加存款定期化，银行负债端定价管理思路生变。随着近日政策利率中枢再次下 调，存款利率仍有下行空间，不过调降节奏有望趋缓 又一轮银行"降息潮"来袭。4月以来，已有数十家中小银行宣布下调存款利率。调整后，部分银行长期 限存款利率跌破2%，步入"1时代"。 据《财经》不完全统计，在近三年多轮降息后，有地方行个别期限存款利率较三年前已"腰斩"。以10万 元存款、5年存期计算，现在存入后得到的利息不足2022年时一半。 与此同时，伴随本轮降息，不少银行长短期存款利率出现倒挂，"存5年不如存3年，甚至不如存1年"。 业内人士表示，这是净息差收窄压力下，银行加强负债端成本管理、加强自身经营稳定性的表现，也反 映了对未来利率进一步下行趋势的预判。 一位全国性股份行零售业务条线经理告诉《财经》，近年该行对存款增量业务的考核中，一度加大了1 年期以下定期存款的考核权重，"因为我行短期定存利率相对低，银行负债成本压力更小"。 未来，存款利率或还将下行。5月8日，政策利率中枢再度下调，7天期逆回购操作利率由1.5%调整为 1.4%。业内人士表示，在政策利率、LPR（贷款市场报价利率）、银行存款挂牌利率这样的传导链条 下，叠 ...

Core Viewpoint - The current trend of the RMB exchange rate, with a slight appreciation in financial rates and a significant depreciation in trade rates, is deemed appropriate for stabilizing cross-border capital flows and promoting exports [2]. Group 1: RMB Exchange Rate Characteristics - The RMB experienced a sudden depreciation shock due to increased tariffs, with the onshore rate touching 7.35 and offshore rate reaching 7.4295 in early April [4]. - Despite a significant depreciation of the USD by over 9% from the beginning of the year to April 21, the RMB only appreciated by 0.8% onshore and 1.3% offshore, indicating unexpected stability [5]. - The onshore and offshore markets have shown good linkage, with a minimal average difference of only 3 basis points, which supports exchange rate stability [5]. - The RMB trade rate has depreciated significantly, with the CFETS index down 5.2% and the BIS currency basket down 4.8%, while the financial rate against the USD only appreciated by 0.5% [5]. Group 2: Factors Influencing RMB Exchange Rate - Key factors affecting the RMB exchange rate include tariffs and trade surplus, with a notable trade surplus of 2.64 trillion yuan in the first four months of the year despite increased tariffs [6]. - The inverted yield curve between China and the US has been significant, with a current inversion of around 260 basis points, which is expected to persist due to differing monetary policies [6][8]. - Cross-border capital flows have remained stable, with a net inflow of 51.7 billion USD in the first quarter, supported by policies aimed at stabilizing asset prices [6]. - The exchange rate pricing mechanism has shown a systematic slight positive bias, which is crucial for stabilizing expectations [7]. - Foreign exchange reserves increased by over 40 billion USD in April, contributing positively to exchange rate stability [8]. - A proactive fiscal policy has been implemented, with a completion rate of 24.5% for the annual budget in the first quarter, which is higher than in previous years [8]. - The financial package announced on May 7 includes interest rate cuts and liquidity releases, which are aimed at stabilizing asset prices and cross-border capital flows [8]. Group 3: Future Outlook and Policy Responses - Future RMB exchange rate movements will be influenced by US tariffs and interest rates, with a focus on economic fundamentals [9]. - If the US economy faces significant pressure and interest rates are cut substantially, the RMB may experience upward pressure [10]. - Maintaining stability in the RMB/USD exchange rate is crucial for managing uncertainties and supporting exports, while also ensuring stable cross-border capital flows [10].

"周末去了几家银行网点，存款利率基本上都在2%以下了，而且不少银行都没有长期限存款产品了。接 下来准备尝试银行理财。"5月10日，投资者小张告诉记者。 近日，微众银行、福建华通银行、上海华瑞银行等多家中小银行调降了存款利率。同时，部分银行也下 调了特色存款产品利率。此番调整后，有银行出现存款利率"倒挂"现象。专家认为，随着降准降息落 地，预计后续存款利率将开启新一轮调降。 4月以来，数十家银行下调了存款利率，主要是中小银行补降存款利率。部分银行在短时间内多次调整 存款利率。调整后，市场上利率在3%以上的高息存款难觅，部分银行各期限存款利率都在2%以下。 例如，福建华通银行近期多次下调存款利率。该行公告称，自5月10日起将1天期、7天期个人通知存款 挂牌利率分别调整为0.8%、1.0%。定存利率方面，继4月13日起下调存款利率后，该行自4月21日起继 续调整存款利率，将三年期个人定期存款挂牌利率由2.7%下调至2.45%，将五年期个人定期存款挂牌利 率由2.6%下调至2.5%。 上海华瑞银行也在近期多次下调存款利率。继4月16日起下调存款利率后，该行自4月28日起继续调整存 款利率，将三年期整存整取定存利率由2 ...

Core Viewpoint - The continuous decline in deposit interest rates has raised concerns among depositors, with many banks reducing rates significantly, leading to a situation where depositors find it challenging to locate products with rates exceeding 2% [1][2] Group 1: Deposit Rate Changes - Since April, over 20 commercial banks have lowered their fixed deposit rates, marking a shift towards the "1 era" for deposit rates [2] - For instance, Qingxu Rural Commercial Bank's rates for various terms are now 1.6%, 1.7%, 1.9%, and 1.9% for 1-year, 2-year, 3-year, and 5-year deposits respectively [2] - The rates at Luoping Xingfu Rural Bank have also dropped significantly, with 3-month, 6-month, 1-year, 2-year, 3-year, and 5-year rates falling from 1.45%-2.25% to 1.10%-1.95% [2] Group 2: Impact on Depositors - A deposit of 10,000 yuan at Luoping Xingfu Rural Bank yields only 145 yuan in interest for one year, and the total interest over five years is less than 1,000 yuan [4] - The decline in deposit rates has resulted in a substantial reduction in returns for depositors [4] Group 3: Interest Rate Inversion - A notable phenomenon of "inversion" in deposit rates has emerged, where short-term rates are higher than long-term rates, such as a 3-year rate of 1.90% compared to a 5-year rate of 1.55% at China Construction Bank [6] - Other banks like Ping An Bank and Huaxia Bank also exhibit similar trends, with 3-year rates significantly higher than 5-year rates [6] Group 4: Reasons for Rate Inversion - Banks are lowering long-term deposit rates to encourage consumer spending and avoid long-term deposits that could hinder economic liquidity [7] - Concerns about future interest rate declines lead banks to reduce long-term rates to mitigate potential high-interest liabilities [7] Group 5: Future Outlook and Asset Allocation - The market interest rates are expected to continue declining, which may further reduce depositors' savings returns [9] - In the current environment, depositors are advised to adjust their asset allocation strategies based on their risk tolerance and investment needs, considering low-risk products like cash management funds and government bonds [11] - For those with higher risk tolerance, exploring stocks and equity funds may be appropriate, but caution is advised to avoid unnecessary risks [12][13]

Group 1 - The core viewpoint of the articles highlights a significant decline in deposit interest rates across various banks, with many institutions now offering rates starting with "1" percent, indicating a shift towards lower returns for savers [1][2][4] - Since April, over 20 commercial banks have reduced their fixed deposit rates, with rates above 3% becoming increasingly rare in the market [1][2] - Major banks, including state-owned and private banks, have joined the trend of lowering deposit rates, diminishing the previously perceived advantages of rural and private banks [2][3] Group 2 - There is a notable "inversion" in deposit rates, where the average interest rate for 3-year fixed deposits (2.042%) is higher than that for 5-year deposits (1.883%), indicating a shift in consumer preferences and bank strategies [4][7] - The trend of lowering long-term deposit rates is a strategy for banks to mitigate risks associated with high-interest liabilities in a declining interest rate environment [7] - The continuous decline in deposit rates is expected to lead to reduced savings returns for consumers, prompting a need for individuals to reassess their asset allocation strategies [7]

据21世纪经济报道，融360数字科技研究院发布监测数据显示，2025年3月，银行整存整取存款3个月期平均利率为1.249%，6个月期平均利率为1.449%，1 年期平均利率为1.566%，2年期平均利率为1.666%，3年期平均利率为2.042%，5年期平均利率为1.883%，3年和5年的存款利率倒挂、剪刀差进一步加大。 而从大额存单来看，3年期平均利率为2.197%，5年期平均利率为2.038%，也出现倒挂和剪刀差现象。 站在银行自身利益考虑，或许没有太大的错。但是，作为一项金融手段，如果只是考虑银行自身利益，而不从大局出发，不考虑长远利益，也是值得推敲 的。因为，过度遏制居民长期储蓄的愿望，会伤害到居民预期，让居民对未来的信心越来越弱。 也正因为如此，指望降息、降低利率、利率倒挂、利率剪刀差，就让广大居民花钱，完全是一厢情愿，是想当然。哪怕现在把利率降到零，广大居民仍然 会把钱存放在银行。因为，他们会更担心未来，更没有良好的预期。为什么房价大涨时，购房人多，房价下跌了，反而没人买房了，也是这个道理。不懂 得这个道理，只知道盲目降息、盲目采取利率倒挂手段，只会适得其反，会让广大居民更加注重储蓄。 所以，面对 ...

一直以来，相信所有人都会有一个普遍的印象，在银行存钱时间越长利率越高，但是最近不少银行却出现了存5年不如存3年的现象，让人不禁想问这银行存 款到底是怎么回事？ 一、银行存5年不如存3年？ 据21世纪经济报道的消息，存款利率持续下行！融360数字科技研究院发布监测数据显示，2025年3月，银行整存整取存款3个月期平均利率为1.249%，6个 月期平均利率为1.449%，1年期平均利率为1.566%，2年期平均利率为1.666%，3年期平均利率为2.042%，5年期平均利率为1.883%，3年和5年的存款利率剪 刀差进一步加大。 与2月份相比，银行整存整取存款利率，3个月期增长0.4BP，6个月期增长0.4BP，1年期增长0.6BP，2年期增长0.3BP，3年期下降1.3BP，5年期下降2.5BP。 2025年3月，3年期、5年期的中长期限平均存款利率均下滑，延续下跌趋势。5年期平均存款利率继续大幅下降，但中短期平均存款利率略有回升。 融360数字科技研究院的分析师艾亚文认为，当前储户存储长期存款的意愿强烈，银行通过下调中长期存款利率，优化负债结构，应对存款定期化带来的成 本上升问题。 二、银行存款是怎么倒挂的这 ...

智通财经4月27日电，存款利率持续下行。日前，融360数字科技研究院发布监测数据显示，2025年3 月，银行整存整取存款3个月期平均利率为1.249%，6个月期平均利率为1.449%，1年期平均利率为 1.566%，2年期平均利率为1.666%，3年期平均利率为2.042%，5年期平均利率为1.883%，3年和5年的存 款利率剪刀差进一步加大。 (21财经) 存款利率加速进入"1.0"时代 3年期与5年期倒挂剪刀差走扩 ...

多家银行下调 4月10日，汝阳兴福村镇银行发布公告表示，将于4月11起调整人民币存款挂牌利率，其中6个月期定期 存款利率由1.3%下调至1.2%，1年期定期存款利率由1.65%下调至1.45%，2年期定期存款利率由1.7%下 调至1.6%。 4月10日，福建华通银行、山东平邑汉源村镇银行等银行下调存款利率。据记者梳理，4月以来，湖北、 云南、江苏等地多家中小银行密集下调存款利率。 业内人士表示， 银行在季度末、年度末，为了完成存款任务，往往会推出短期高利率活动，随着考核 冲刺期结束，存款利率转而回落。 图片来源：平邑汉源村镇银行微信公众号 4月以来，湖北、云南、江苏等地中小银行密集下调存款利率。 业内人士表示，银行在季度末、年度末，为了完成存款任务，往往会推出短期高利率活动。 具体来 说，每年的1月、每个季度的最后1个月，存款利率往往较高。这种因考核驱动形成的利率高峰具有明显 周期性特征，通常随着冲刺时段的结束而回落。 长短期存款利率倒挂 记者发现， 多家银行存在存款利率长短期倒挂现象， 例如汝阳兴福村镇银行3年期定期存款利率为 1.95%，比5年期定期存款利率高出25个基点；再如山东平邑汉源村镇银行50万元 ...

高牛探 . 正能量房产博主。做过中学教师、记者，前世界500强TOP3房企管理，一线营销30亿+考察全国50+城市 和海外多国，看盘2000+ 专一地产16年，首创1分钟评估房子价值；分析楼市政策，房价涨跌规律；提 高卖买房认知。 作者：高牛探 来源：高牛探（ID：gaoniutan） 2024年10月。 80后雷大哥，卖掉老家江西两套房，凑足了80万。 本想提前还清广州的房贷，来个"无债一身轻"。 结果，目睹了政策托举，房贷利率戏剧性的一幕： LPR全面下降并统一减去30BP。 以下文章来源于高牛探 ，作者农村娃高老师 这样算下来，他的存量利率一下子降到了3.3%。 他算了笔账："提前还贷省的利息，还不够我女儿一年钢琴课学费呢！" 最终，雷大哥改变了主意，决定将一部分钱投入AI主题基金，三个月下来，收益18%。 01 对了，今天我们不是谈基金的话题，而是提前还房贷的这种变化。 事实上，我们发现，从2024年三季度开始，提还潮正断崖式下降，且正在全国蔓延。 比如北京、上海法拍房数量锐减30%，银行不良率也从3.8%回落至2.5%。 某银行推出的"房贷转理财"产品，24小时售罄，火得一塌糊涂。 当"提前还贷潮" ...