Core Viewpoint - The recent adjustment of deposit rates by major banks indicates a continued trend of lowering interest rates, with significant implications for the banking sector and depositors [1][3][4] Group 1: Deposit Rate Adjustments - Major state-owned banks and some joint-stock banks have lowered their deposit rates, with the most notable changes being a 25 basis point reduction in medium to long-term fixed deposit rates and a drop in the current deposit rate below 0.1% [1][2] - The new rates for major banks include a current deposit rate of 0.05%, and fixed deposit rates for various terms have been adjusted to 0.65% for 3 months, 0.85% for 6 months, 0.95% for 1 year, 1.05% for 2 years, 1.25% for 3 years, and 1.3% for 5 years [1][2] - This marks the seventh time since September 2022 that major banks have proactively lowered their deposit rates, with the last adjustment occurring seven months ago [1][3] Group 2: Impact on Depositors - For a 200,000 yuan deposit over three years, the interest difference due to the recent rate adjustment is 1,500 yuan, while for a 1,000,000 yuan deposit, the difference is 7,500 yuan [2] - The adjustments are expected to lead to a decrease in the overall cost of liabilities for banks, as they continue to focus on reducing deposit rates [2][3] Group 3: Future Expectations - It is anticipated that other joint-stock banks will follow suit in adjusting their deposit rates, although the timing may vary based on internal processes [3] - The space for further adjustments in deposit rates is expected to narrow, particularly as the current deposit rate has reached a historical low of 0.05% [3][4] - The recent adjustments align with the central bank's strategy to guide commercial banks in lowering deposit rates through a self-discipline mechanism [3][4]

下午14点过后，本来几乎毫无波澜的债市利率，突然开始下行，市场的传闻是，要降存款利率 了，随着群里的截图越发越多，市场也越发笃定，最终10年国债下行超过2bps，30年国债下行 3bps，算是为这个传闻定价了。 我简单帮大家理一下思路，三个问题。 第一个问题，存款利率到底降没降？ 回答是，降了，也没降。 之所以这么说，是因为， 目前银行体系的存款利率，其实是三层体系 ，第一层，是大行的定存 利率，这个目前还没降，一年整存整取的利率还是1.1%；第二层，是中小行的定存利率，这个持 续在下降过程中，各家银行的情况不同，比如我们前阵子在《 确实大幅降息了 》聊到的微众银 行，5月初开始，把1-5年的各期限定存利率全部调整为了1.6%，但还是比大行的利率高了不少； 第三层，是银行的大额存单，也是卖给个人客户的，这个各家银行的定价更加五花八门。 所以，大家今天看到的各种朋友圈的消息，主要是针对的第二层和第三层的存款利率，因为很多 中小银行确实在下调的过程中，且很多分支行，借最近大额存单利率可能下调的传闻，做饥渴营 销， 类似保险预定利率要下调时候的抢停售 。 但是，存款利率里，最关键的，是大行的定存利率，这才是存款市场 ...