"20万元存3年，赚了2万多利息，现在想续存却找不到同款产品了。"西安的李先生告诉经济观察报记 者。 2025年12月6日，他所购买的3年期大额存单要到期了。曾经3.35%的年利率，如今却成了难以复刻的高 息记忆。 同样面临着资金安放困扰的，还有烟台的郭女士。作为曾经的"存款特种兵"，她曾为抢高息大额存单开 车跨市开户。今年10月，部分资金到期后，她发现此前的跨省找高息存款的思路已然行不通，转而将到 期资金购买黄金。 近日，郭女士有50万元定存资金到期，她再次陷入纠结。12月4日，记者查询六大行手机银行显示，发 现在售的产品中，5年期大额存单已不见踪影。"现在大额存单利率很低，国有大行3年期利率是 1.55%，中小银行最高的也就2%左右，还得抢额度、绑开户条件。"郭女士说。 她翻看手机里的存款交流群，发现曾经热闹的"存款特种兵"们如今大多沉默，偶尔有人分享产品，也多 是利率2%左右的小银行定存。 国有大行集体"弃长" 2022年12月6日，经客户经理介绍，李先生在昆仑银行购入20万元3年期大额存单时，年利率达3.35%， 到期后能拿到利息20397.78元。 随着大额存单到期日的临近，李先生每天都会翻看四五家 ...

Core Viewpoint - The current low interest rate environment has led to a significant reduction in the availability and attractiveness of large time deposits, with many banks discontinuing long-term products, prompting depositors to seek alternative investment options [1][3][4]. Group 1: Interest Rate Trends - The interest rate for large time deposits has decreased significantly, with major banks offering rates as low as 1.55% for 3-year deposits, compared to previous rates above 3% [2][3]. - Many banks, including state-owned and joint-stock banks, have stopped issuing long-term large time deposits, with 5-year products no longer available [3][4]. - The interest rates for traditional fixed deposits are now comparable to those of large time deposits, diminishing their competitive edge [3][4]. Group 2: Depositor Behavior - Depositors are increasingly turning to alternative investments such as gold and bank wealth management products due to the low returns on traditional deposits [1][9]. - There is a noticeable shift among depositors, with some opting for riskier investments while others remain conservative, preferring to keep their funds in banks despite lower interest rates [9][10]. - Social media and deposit communities have become platforms for sharing information about available products, with many depositors actively seeking higher yields [7][8]. Group 3: Bank Strategies - Banks are adopting proactive liability management strategies in response to the low interest rate environment, leading to a reduction in the issuance of long-term large time deposits [5][6]. - Some smaller banks are leveraging marketing strategies to attract depositors by offering competitive rates and promotional incentives [8]. - The trend of discontinuing long-term large time deposits reflects broader market conditions and the need for banks to manage their interest rate risk effectively [5][6].

Core Insights - The recent reports of Blue Ocean Bank suspending various term deposit products have raised concerns about the bank's liquidity and operational status, but these actions are primarily due to regulatory requirements for localized operations rather than actual product shortages [1][2] - Multiple banks are withdrawing 5-year deposit products and large-denomination certificates of deposit, indicating a broader trend in the industry to adjust to narrowing net interest margins [1][4] Regulatory Context - The phenomenon of banks suspending deposit products is linked to regulatory guidelines that promote localized management of deposit services, aimed at stabilizing regional financial systems and preventing liquidity risks from excessive reliance on deposits from outside their operational areas [2][4] - The implementation of the "Loan Assistance New Regulations" on October 1 has increased pressure on private banks, particularly smaller ones, to adjust their deposit product structures to lower funding costs [2][4] Market Dynamics - The trend of banks withdrawing 5-year deposit products is a response to the pressure of net interest margins, with many banks facing challenges in matching high-interest deposits with adequate loan or investment opportunities [4][5] - The overall decline in interest rates and regulatory guidance is pushing the industry towards reducing long-term funding costs, with expectations that more banks will follow suit in tightening their medium- to long-term deposit products [5] Future Outlook - While high-term deposit products like 5-year deposits are unlikely to disappear entirely, their market supply may decrease, leading to more refined pricing strategies reflecting the banking sector's shift from expansion to quality and efficiency [5] - Investors are advised to adjust their expectations regarding investment returns in light of declining deposit rates and yields from various financial products, suggesting a balanced approach to asset allocation [5]

Core Viewpoint - The banking sector, particularly small and medium-sized banks, is experiencing a significant reduction in deposit offerings, with some banks like Blue Ocean Bank suspending various term deposits due to pressure on net interest margins and high funding costs [1][6]. Group 1: Deposit Trends - Blue Ocean Bank has completely sold out of all its deposit products, including 3-month, 6-month, 1-year, 2-year, 3-year, and 5-year term deposits, indicating a severe limitation on deposit acceptance [2][4]. - The bank's customer service stated that the 2-year, 3-year, and 5-year term deposits are currently full, with no indication of when new quotas will be available [4]. Group 2: Interest Rate Dynamics - The bank's deposit rates for various terms are as follows: 3-month (1.35%), 6-month (1.55%), 1-year (1.65%), 2-year (1.85%), and both 3-year and 5-year at 2% [4]. - The net interest margin for Blue Ocean Bank has decreased from 4.34% to 2.35% over the year, reflecting a significant drop of 1.99 percentage points [5]. Group 3: Market Context - The trend of suspending long-term deposits is not isolated to Blue Ocean Bank; other small and medium-sized banks are also withdrawing similar products, indicating a broader industry shift [6][8]. - The overall environment of declining deposit rates and weak credit demand has led banks to limit high-cost deposit acceptance to manage their balance sheets effectively [7][8].

Core Viewpoint - The recent collective removal of five-year large-denomination time deposits by six major state-owned banks reflects the ongoing pressure on net interest margins within the banking industry, prompting a shift in deposit product offerings [2][3][4]. Group 1: Changes in Deposit Products - Six major state-owned banks have collectively removed five-year large-denomination time deposits, with only three-year products remaining, which have seen interest rates drop to between 1.5% and 1.75% [2]. - Several small and medium-sized banks have also begun to adjust or cancel three-year and five-year ordinary time deposit products, indicating a broader trend of declining long-term deposit offerings in the banking sector [2]. - The first bank to announce the cancellation of five-year time deposits was the Tongyu County Mengyin Village Bank, effective November 5, 2025 [2]. Group 2: Reasons Behind the Changes - The adjustments in long-term deposit products are a response to the pressure on net interest margins faced by banks, particularly private banks, which have seen a quarter-on-quarter decline of 0.08 percentage points in net interest margins [2][3]. - The competitive landscape for deposits has intensified, with high funding costs and declining loan rates squeezing banks' asset-side returns [2][3]. Group 3: Impact on Savers - As long-term deposit options decrease and interest rates decline, savers are forced to reconsider their financial strategies. A survey indicated that 62.3% of urban savers preferred "more savings," a decrease of 1.5 percentage points from the previous quarter [3]. - The trend suggests that while long-term deposits may not disappear entirely, they will likely exhibit differentiated supply characteristics, with state-owned banks possibly retaining five-year deposits as service tools but at lower rates [3][4]. Group 4: Future Outlook - The ongoing pressure on net interest margins is expected to persist, leading more banks to shorten deposit terms and lower interest rates to balance asset and liability returns [4]. - It is anticipated that more banks will follow suit in adjusting long-term deposit products in the future [4].

Core Viewpoint - The trend of large-denomination certificates of deposit (CDs) disappearing from the market is evident, with major banks removing long-term products to manage net interest margin pressures and adapt to changing monetary policies [1][2][3] Group 1: Market Changes - Major state-owned banks and national joint-stock banks have removed five-year large-denomination CDs from their offerings, with only short-term products available [1] - The availability of three-year large-denomination CDs is also tightening, with some banks halting new issuances [1][2] - The current offerings are primarily focused on one-year or shorter terms, with some banks only providing three-month or six-month products [2] Group 2: Reasons for Changes - The primary reason for banks discontinuing long-term large-denomination CDs is to alleviate the increasing pressure on net interest margins due to declining loan rates [2] - By reducing high-cost liabilities associated with long-term CDs, banks aim to optimize their liability structure and control overall funding costs [2][3] - This adjustment is seen as a proactive measure by banks in response to macroeconomic conditions and regulatory guidance [2] Group 3: Future Outlook - The role and form of large-denomination CDs are expected to undergo significant changes, with a shift towards shorter-term products becoming more common [3] - The interest rate advantage of large-denomination CDs is likely to diminish, aligning more closely with regular fixed-term deposits [3] - A long-term downward trend in deposit rates is anticipated, driven by monetary policy aimed at reducing financing costs for the real economy [3]

Core Viewpoint - The banking industry is undergoing a significant transformation in its liability structure optimization due to sustained pressure on net interest margins, leading to the reduction or cancellation of long-term deposit products, particularly five-year fixed deposits, which are becoming scarce in the market [1][4]. Group 1: Changes in Deposit Products - Some small and medium-sized banks have begun to adjust or eliminate three-year and five-year fixed deposit products, reflecting a trend towards reducing funding costs and managing liabilities more precisely [1][2]. - The Inner Mongolia Tuyuqi Mengyin Village Bank has become the first commercial bank to officially cancel its five-year fixed deposit product, highlighting the cost pressure associated with long-term deposits [1]. - Other banks, such as the Hubei Jingmen Rural Commercial Bank, have also reduced rates and eliminated five-year options from their special deposit products [1]. Group 2: Market Trends and Responses - Several private banks, including Zhejiang Webank and CITIC Baixin Bank, have already stopped offering five-year fixed deposit products, indicating a broader trend among banks to compress high-cost long-term deposits [2]. - National banks still offer five-year fixed deposits, but their yield advantages have significantly narrowed, with some banks like China Merchants Bank suspending higher interest rate offerings [4]. - The phenomenon of interest rate inversion, where longer-term deposits yield less than shorter-term ones, is becoming more common, indicating a shift from a focus on scale to precise control in deposit management [5]. Group 3: Economic Context and Future Outlook - The continuous pressure on net interest margins is evident, with 14 out of 26 listed banks reporting a downward trend in net interest margins [4]. - The People's Bank of China has noted that the decline in loan rates is outpacing deposit rates, further compressing banks' net interest margins and limiting their ability to support the real economy [4]. - Experts predict that the trend of eliminating high-cost long-term deposit products will likely be adopted by more banks, as they seek to stabilize net interest margins and diversify funding sources [5].

Core Viewpoint - The recent announcement by Tongyu Mengyin Village Bank regarding the adjustment of deposit interest rates indicates a potential shift in the banking industry towards reducing long-term deposit products, reflecting a broader trend in response to narrowing net interest margins [1][7]. Group 1: Deposit Rate Adjustments - Tongyu Mengyin Village Bank will cancel the 5-year fixed deposit product starting from November 5, 2025 [1]. - Many banks, including the six major state-owned banks, still offer 5-year fixed deposit products, suggesting that the trend may not be widespread yet [2]. - The availability of 5-year large certificates of deposit (CDs) has significantly decreased, indicating a shift in investor preferences and bank offerings [3][5]. Group 2: Market Demand and Supply - The demand for long-term deposit products, such as 5-year large CDs, has diminished compared to previous years when they were highly sought after [4]. - Currently, major banks do not offer 5-year large CDs, with the longest available term being 2 years at a low annualized interest rate of 1.40% [5]. Group 3: Banking Profitability and Strategy - The reduction in long-term deposit products and lower interest rates is primarily driven by banks' need to address the pressure from narrowing net interest margins [7]. - The traditional banking profit model of earning from interest rate spreads is evolving, with banks focusing on lower-cost funding and diversifying income sources through wealth management and intermediary services [7]. Group 4: Investment Strategies - Investors are encouraged to consider alternative investment products, such as savings-type insurance, and to adopt a tiered asset allocation strategy based on their risk tolerance and liquidity needs [8][9]. - Recommendations for investors include prioritizing short to medium-term deposits or government bonds, while also considering low-volatility financial products and equities for those with higher risk tolerance [9].

Core Viewpoint - The cancellation of the five-year fixed deposit product by the Inner Mongolia Tuyuqi Mengyin Village Bank has sparked market attention, indicating a potential trend in the banking industry as many private and internet banks are also phasing out long-term fixed deposits due to declining interest rates and the phenomenon of interest rate inversion [1][4][5]. Group 1: Industry Trends - The Tuyuqi Mengyin Village Bank is the first commercial bank to announce the cancellation of the five-year fixed deposit product, which is not an isolated case as other banks like the Kundu Lun Mengyin Village Bank have also stopped offering this product [4]. - Several private and internet banks, including Citic Baixin Bank and Zhongguancun Bank, have also removed five-year fixed deposits from their offerings, with Zhongguancun Bank additionally discontinuing three-year fixed deposits [4][5]. - The trend of phasing out five-year fixed deposits is attributed to banks' need to respond to narrowing net interest margins, as loan rates are decreasing faster than deposit rates, leading to higher costs for long-term deposits [4][6]. Group 2: Interest Rate Adjustments - The Tuyuqi Mengyin Village Bank has not only canceled the five-year fixed deposit but has also lowered interest rates for various term deposits, with the one-year deposit rate reduced to 1.45%, the two-year to 1.55%, and the three-year to 1.85% [4]. - Major banks, including the "Big Four" state-owned banks, have seen significant declines in deposit rates this year, with the one-year fixed deposit rate dropping to 0.95% and the three-year rate to 1.25% [5]. - The phenomenon of interest rate inversion is evident, with banks like China Construction Bank offering a three-year fixed deposit rate of 1.55%, while the five-year rate is only 1.3% [5]. Group 3: Implications for Banking Sector - The reduction in deposit rates is expected to alleviate banks' funding costs and may open up space for future reductions in the Loan Prime Rate (LPR), which could enhance borrowing willingness among residents and businesses [6]. - The adjustment in deposit rates may lead to a "migration" of deposits, potentially directing more capital into the capital markets [6].

Core Viewpoint - Recent adjustments in fixed deposit products by banks, particularly the cancellation of five-year fixed deposits by certain banks, highlight a broader trend of declining deposit rates among small and medium-sized banks in response to net interest margin pressures [1][5]. Summary by Category 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]. - The adjusted deposit rates for various terms at Kundu Lun Mengyin Village Bank show a decrease in rates for three-month, six-month, one-year, two-year, and three-year deposits, with the five-year option being removed entirely [2][3]. Industry Trends - The trend of lowering deposit rates is not isolated, as numerous small and medium-sized banks, including Dalian Bank and Hubei Jingmen Rural Commercial Bank, have also reduced their deposit rates, with some products seeing declines exceeding 60 basis points [2]. - The phenomenon of "term inversion" in deposit rates is evident, where long-term deposit rates are lower than short-term rates, as seen with Xinjiang Manas Rural Commercial Bank's recent adjustments [5][6]. Strategic Responses - Banks are actively working to reduce liability costs to address the ongoing pressure on net interest margins, which have reached historical lows [5][7]. - The shift away from high-cost long-term liabilities has been observed, with major banks like China Construction Bank and others no longer offering five-year large denomination certificates of deposit [8][10]. Future Outlook - Analysts suggest that while commercial banks will continue to face pressure on interest income, the downward trend may ease due to factors such as improved capital market performance and the digital transformation of banks [11]. - The changing landscape of deposit rates necessitates a shift in investment strategies for ordinary depositors, encouraging diversification into lower-risk investment products [11].