Group 1: LPR Adjustment - The LPR for 1-year and 5-year terms was lowered by 0.1 percentage points to 3.0% and 3.50% respectively[1] - This marks the first reduction after six months of stability, driven by a recent package of financial policies from the central bank[2] - The adjustment reflects a change in the pricing basis for LPR, indicating a transmission of policy rate adjustments to loan market rates[2] Group 2: Economic Context - The reduction in LPR is a response to the escalation of the US-China tariff conflict, necessitating stronger counter-cyclical adjustments in macro policy[2] - Lowering policy rates aims to stimulate domestic demand to offset external demand slowdown, thereby stabilizing economic operations[2] - The central bank is expected to continue implementing interest rate cuts in the second half of the year due to ongoing uncertainties in the external environment[3] Group 3: Impact on Deposits and Banks - The 1-year LPR reduction is anticipated to lead to a comprehensive decrease in deposit rates, averaging a decline of 0.1 percentage points[4] - Short-term deposit rates will see smaller reductions, while longer-term deposit rates may experience more significant declines[4] - The latest data shows that the net interest margin for commercial banks fell to 1.43% in Q1 2025, down by 0.09 percentage points, marking a historical low[4]

【环球网财经综合报道】5月20日，工商银行、建设银行、招商银行率先宣布下调存款挂牌利率，中国银行也被媒体报道于同日跟进下调。 从具体调整情况来看，这几家银行手机App更新的人民币存款挂牌利率表显示，三个月、半年、一年、两年整存整取挂牌利率均下调15个基点， 分别为0.65%、0.85%、0.95%、1.05%；三年、五年均下调25个基点，分别至1.25%和1.30%。以10万元存5年为例，到手利息由7750元降至6500 元，少了1250元。 除整存整取产品外，活期存款年利率由0.1%下降至0.05%，下调5个基点；零存整取、整存零取、存本取息一年期、三年期和五年期年利率均下降 15个基点，分别为0.65%、0.85%和0.85%；七天通知存款年利率下降15个基点至0.30%。 同时，工商银行3个月、6个月、一年、两年期大额存单利率下调25个基点，三年期、五年期大额存单挂牌利率下调35个基点。 此次银行下调存款利率早有政策导向。5月7日，中国人民银行行长潘功胜宣布下调政策利率0.1个百分点，预计带动贷款市场报价利率（LPR）随 之下行0.1个百分点，并通过利率自律机制引导商业银行下调存款利率。5月9日，央行在 ...

值得一提的是，按照以往存款降息的路径，国有大行率先降息后，全国性股份制银行很快将跟进。 事实上，市场对此已有预期。5月7日，央行行长潘功胜在国务院新闻办公室举行的新闻发布会上宣布，央行将通过利率自律机制引导 商业银行相应下调存款利率。同时，下调政策利率0.1个百分点，预计带动贷款市场报价利率（LPR）随之下行0.1个百分点。在央行 推出降息、降准等一揽子货币政策措施后，市场普遍预期新一轮存款降息即将来临。 5月20日，工商银行、农业银行、中国银行、建设银行、交通银行、邮储银行均发布消息，下调人民币存款利率，最大降幅25个基 点。其中活期利率下调5个基点至0.05%；定期整存整取三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、 0.95%、1.05%；三年期和五年期均下调25个基点，分别至1.25%和1.3%。这是国有大行今年首轮存款利率下调。如果20万元存五年， 降息25个基点后五年利息少2500元。 除国有六大行外，股份制银行招商银行也在今日下调了人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月 期、半年期、一年期、二年期均下调15个基点，分别为0.6 ...

工商银行、中国银行、建设银行、农业银行、邮储银行、交通银行下调人民币存款利率。 5月20日，工商银行、中国银行、建设银行、农业银行、邮储银行、交通银行下调人民币存款利率，一年期定期存款利率下破1%。 工商银行下调人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、 0.85%、0.95%、1.05%；三年期和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整取、整存零取、存本取息三种期限均下调15个基点。7天期通知 存款利率下调15个基点至0.3%。 | nar and | -- | | --- | --- | | 项目 | 年利率% | | -、城乡居民及单位存款 | | | (一)活期 | 0. 05 | | (二)定期 | | | 1. 整存整取 | | | 三个月 | 0. 65 | | キ年 | 0. 85 | | 一年 | 0. 95 | | 二年 | 1. 05 | | 三年 | 1. 25 | | 五年 | 1. 3 | | 2. 零存整取、整存零取、存本取息 | | | 一年 | 0. 65 | | ...

中国建设银行 于5月20日下调了人民币存款利率，其中活期利率下调5个基点至0.05%；定期 整存整取三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、 0.95%、1.05%；三年期和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整 取、整存零取、存本取息三种期限均下跌15个基点。7天期通知存款利率下调15个基点至 0.3% 中国工商银行 于5月20日下调人民币存款利率，其中活期利率下调5个基点至0.05%；定期整 存整取三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、 0.95%、1.05%；三年期和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整 取、整存零取、存本取息三种期限均下跌15个基点。7天期通知存款利率下调15个基点至 0.3%。 | < | 存款利率 | 8 | | --- | --- | --- | | 存期 | | 年利率(%) | | 活期 | | | | 活期 | | 0.05 | | 整存整取 | | | | 三个月 | | 0.65 | | 非年 | | 0.85 | | 年 | | 0.95 ...

国有六大行均官宣降低存款利率 金十数据5月20日讯，国有六大行——工商银行、农业银行、中国银行、建设银行、邮储银行和交通银 行均已在今日相继宣布降低多个期限的人民币存款利率，其中三年期和五年期均下调25个基点，分别至 1.25%和1.3%。 ...

④中国建设银行于5月20日下调了人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取 三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、0.95%、1.05%；三年期 和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整取、整存零取、存本取息三种期限均下跌 15个基点。7天期通知存款利率下调15个基点至0.3%。 ⑤招商银行下调人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月期、半年 期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、0.95%、1.05%；定期整存整取三年期和 五年期均下调25个基点，分别至1.25%和1.3%。定期零存整取、整存零取、存本取息三种期限均下跌15 个基点。7天期通知存款利率下调15个基点至0.3%。 国有四大行今日均官宣下调存款利率 活期利率下调5个基点至0.05% ②农业银行于5月20日下调人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月 期、半年期、一年期、二年期均下调15个基点，分别为0.65%、0.85%、0.95%、1.05%；三年期和五年 期均下 ...

5月20日起，多家国有大行及部分股份行再度下调人民币存款挂牌利率，此次调整涉及活期存款、定期存款和通知存款等多种产品类型。 中国建设银行于5月20日下调了人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月期、半年期、一年期、二年期均下调15个基点， 分别为0.65%、0.85%、0.95%、1.05%；三年期和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整取、整存零取、存本取息三种期限均下跌15个基 点。7天期通知存款利率下调15个基点至0.3%。 招商银行下调人民币存款利率，其中活期利率下调5个基点至0.05%；定期整存整取三个月期、半年期、一年期、二年期均下调15个基点，分别为0.65%、 0.85%、0.95%、1.05%；定期整存整取三年期和五年期均下调25个基点，分别至1.25%和1.3%。定期零存整取、整存零取、存本取息三种期限均下跌15个基 点。7天期通知存款利率下调15个基点至0.3%。 此次存款利率下调在预期之中。5月7日，人民银行行长潘功胜在国新办新闻发布会上宣布下调政策利率0.1个百分点，经过市场化利率传导，预计将带动贷 款市场报价利率（LPR）随之 ...

Core Viewpoint - Major state-owned banks in China have begun to lower deposit interest rates, marking the first round of rate cuts for the year, with specific reductions in various term deposits [1][2]. Group 1: Interest Rate Adjustments - The three-year and five-year deposit rates have been reduced by 25 basis points, while the rates for three-month, six-month, one-year, and two-year deposits have been lowered by 15 basis points. The interest rate for demand deposits has decreased by 5 basis points [1][2]. - For example, a deposit of 200,000 yuan for three years will yield 1,500 yuan less in interest due to the 25 basis point cut [1]. Group 2: Comparison with Previous Rate Cuts - In 2024, there have been two previous rounds of deposit rate cuts on July 25 and October 18. The current round's reductions are smaller compared to the last round, where all term deposits experienced a 25 basis point cut [2]. Group 3: Market Expectations and Reactions - The recent deposit rate cuts were anticipated following the People's Bank of China's (PBOC) recent monetary policy adjustments, including a reduction in the 7-day reverse repurchase rate from 1.50% to 1.40% [3]. - The PBOC's governor indicated that market-driven interest rate adjustments are expected to lead to a corresponding decrease in the Loan Prime Rate (LPR) by approximately 0.1 percentage points [3]. Group 4: Anticipated Actions from Other Banks - Following the lead of state-owned banks, national joint-stock banks are expected to follow suit in adjusting their deposit rates shortly [4]. - Smaller banks have already begun to lower their deposit rates, with specific examples including Guangdong Huaxing Bank reducing its five-year large denomination certificate of deposit rate from 2.5% to 2.35% [4].

Group 1 - China Construction Bank has lowered its RMB deposit rates as of May 20, with the interest rate for demand deposits reduced by 5 basis points to 0.05% [1] - The fixed-term deposit rates for three-month, six-month, one-year, and two-year terms have been decreased by 15 basis points, now standing at 0.65%, 0.85%, 0.95%, and 1.05% respectively [1] - The three-year and five-year fixed-term deposit rates have been cut by 25 basis points to 1.25% and 1.30% respectively [1] Group 2 - The rates for three types of fixed-term savings (zero deposit, full deposit, and interest withdrawal) have also decreased by 15 basis points [1] - The seven-day notice deposit rate has been lowered by 15 basis points to 0.30% [1]