近期，民营银行存款利率仍在下行。 《国际金融报》记者注意到，2月25日，上海华瑞银行再度整体下调部分定期存款挂牌利率5个基点 (BP)，调整后2年期及5年期产品利率跌破"2"字头。此外，开年以来，江西裕民银行、天津金城银行等 也纷纷作出调整，中长期存款依旧是机构调整的主要对象。 受访专家指出，民营银行此举是对宏观经济下行和货币政策宽松的理性响应，这有助于控制高息揽储风 险，避免息差压缩，但需警惕存款外流等现象。 民营银行降息潮延续 记者注意到，该行此前一轮利率下调实施于2025年11月11日，主要针对2年期、3年期和5年期的中长期 存款，三个品种年化利率整体下行10BP(基点)，本轮延续了此前的调整方式，但三款产品年化利率下行 幅度为5BP。值得关注的是，此次调整后，该行2年期及5年期存款挂牌利率双双跌入"1"字头，均为 1.95%，3年期产品利率则刚好卡在2%的门槛上。 无独有偶，据江西裕民银行手机银行App公告，该行于2月14日将2年期个人定期存款"惠裕存"利率下调 至2.2%。记者查询发现，该行"惠裕存"产品目前仅有1年期和2年期产品，利率分别为1.70%和2.20%。 普通的整存整取定期存款产品，2年 ...

Core Insights - The average deposit interest rate in Nepal decreased by 0.12 percentage points to 4.56% from the previous month [1] - Global IME Bank reduced its personal fixed deposit rate by 0.75 percentage points [1] - Nepal Investment Mega Bank lowered its institutional fixed deposit rate by 0.5 percentage points [1]

Group 1 - The core viewpoint of the article highlights that as the Spring Festival approaches, small and medium-sized banks are increasing their deposit attraction efforts by raising interest rates on certain deposit products, although this is not a uniform trend across the industry [2][16] - Despite the upward adjustment in deposit rates by some banks, the overall trend in the banking sector is still towards lowering deposit rates due to macroeconomic adjustments and pressure on net interest margins [2][16] - As of the end of Q3 2025, the net interest margin for commercial banks was reported at 1.42%, remaining stable quarter-on-quarter but down by 0.1 percentage points year-on-year [2][16] Group 2 - Specific banks, such as Hunan Xinhang Rural Commercial Bank and others, have announced increases in deposit rates for various terms, with rates for 1-year, 2-year, and 3-year deposits reaching 1.30%, 1.40%, and 1.75% respectively [4][18] - Other banks, including Inner Mongolia Rural Commercial Bank and Shanxi Zhezhou Rural Commercial Bank, have also raised their deposit rates, with some offering limited-time promotional products [6][20] - The adjustments in deposit rates are characterized by "limited time, limited amount, and high thresholds," indicating a targeted marketing strategy to attract deposits during specific periods [7][21] Group 3 - Despite most banks having deposit rates in the "1% range," there are still products available with rates above 2%, primarily in the form of special term deposits or large certificates of deposit [8][22] - For instance, Guizhou Xifeng Rural Commercial Bank offers a 3-year deposit rate of 2.05% and a 5-year rate of 2.1%, with a low minimum deposit requirement [9][23] - Ningbo Tongshang Bank has introduced a limited-time 3-year large certificate of deposit with a rate of 2.1%, requiring a minimum deposit of 200,000 yuan [10][24] Group 4 - The phenomenon of "rate increases" before the Spring Festival reflects the tactical marketing strategies of small banks to address short-term liquidity needs and compete for quality deposits [12][26] - This behavior is seen as a localized and temporary market action rather than a reversal of the overall industry trend, with high-interest products remaining limited in scope and sustainability [12][26] - The People's Bank of China has indicated a continued implementation of moderately loose monetary policy to keep financing costs low, suggesting that deposit rates are likely to stabilize or decline in the future [13][27]

Core Viewpoint - The issuance of large-denomination certificates of deposit (CDs) by local small and medium-sized banks has increased significantly since the beginning of the year, with many banks experiencing a decline in interest rates compared to last year, indicating a trend towards shorter-term products [1][2][3]. Group 1: Interest Rate Trends - Many banks have seen a decrease in the interest rates of their large-denomination CDs compared to last year, with specific examples showing declines of up to 43 basis points [1][2]. - Some banks are now offering short-term CDs with interest rates below 1%, diminishing the competitive edge they previously held over larger banks [3]. - The trend of declining interest rates is evident across various banks, with a significant portion of new issuances being for terms of one year or less, accounting for 68% of the total [2][3]. Group 2: Market Dynamics and Future Outlook - The total amount of fixed-term deposits maturing in 2026 is estimated to be around 50 trillion yuan, which is expected to increase by approximately 1 trillion yuan compared to 2025 [5][6]. - The decline in deposit rates is attributed to the central bank's efforts to lower financing costs for the real economy, leading to a continuous reduction in deposit rates since 2022 [3][4]. - The expectation is that the trend of declining interest rates for large-denomination CDs will continue, influenced by a need for a supportive monetary policy environment and moderate inflation levels [4][6]. Group 3: Investor Behavior and Preferences - Investors are likely to shift their funds from maturing high-interest deposits to low-risk financial products such as wealth management products and fixed-income funds due to the significant drop in deposit rates [6][7]. - Despite the potential for higher returns from wealth management products, the overall flow of funds out of fixed-term deposits is expected to remain limited in the short term due to the low risk appetite of depositors [6][7]. - Depositors are advised to balance safety and yield when choosing financial products, considering their cash flow needs and risk tolerance [7].

Core Viewpoint - The deposit market is undergoing significant adjustments in 2026, with many banks launching large-denomination certificates of deposit (CDs) at declining interest rates, some even falling below 1% for short-term products, indicating a shift in the competitive landscape of deposit offerings [1][2][3]. Group 1: Interest Rate Trends - The interest rates for large-denomination CDs are generally low, mostly ranging between 1% and 2%, with some banks offering rates below 1% for three-month products [2][3]. - Major banks have already reduced the interest rates for three-month and shorter-term CDs to 0.9%, marking a significant shift as smaller banks follow suit with rates dropping to "0" [3]. - The trend shows a clear movement towards shorter-term products, with many banks focusing on one-year or shorter maturities, making five-year products increasingly rare [3]. Group 2: Market Dynamics - The decline in interest rates is attributed to banks' efforts to control liability costs amid operational pressures and regulatory guidance, aiming to maintain stable interest margins [3]. - The financial management authorities are actively discouraging irrational deposit competition, which has led to a reduction in high-interest deposit offerings [3]. - As new large-denomination CDs continue to be issued at lower rates, more depositors are turning to the secondary market for transferring existing CDs, indicating a shift in consumer behavior [4][5]. Group 3: Consumer Behavior and Investment Strategies - Consumers are increasingly seeking "second-hand" CDs, with a growing number of requests for purchasing or transferring existing CDs appearing on social media platforms [4]. - There is a notable demand for low-volatility, stable investment products with yields between 2.5% and 3.5%, prompting consumers to consider alternatives like bank wealth management products and insurance [5]. - The era of "easy money" from traditional savings is fading, driving a need for diversified asset allocation and enhanced financial literacy among investors [5].

Core Viewpoint - Multiple banks in China have been actively launching large-denomination certificates of deposit (CDs) for the first issue of 2026, with over 30 banks announcing their issuance by January 7, 2023. The interest rates for some short-term CDs have dropped below 1%, approaching levels similar to regular fixed-term deposits [1]. Group 1: Bank Actions - As of January 7, 2023, more than 30 banks have released announcements for the first issue of large-denomination CDs for 2026 [1]. - Yunnan Tengchong Rural Commercial Bank plans to issue 0.1 billion yuan of large-denomination CDs with a three-month term and an interest rate of only 0.95% [1]. - At least three private banks have announced interest rate cuts starting in January 2026, indicating a faster pace of rate reductions in this sector [1]. Group 2: Interest Rate Trends - The interest rates for three-month short-term large-denomination CDs have fallen to below 1%, marking a significant decline [1]. - The interest rates for regular fixed-term deposits are now comparable to those of large-denomination CDs, reflecting a broader trend in the banking sector [1]. - The interest rates for large-denomination CDs starting from 200,000 yuan are as follows: 0.95% for 1 month, 1.00% for 3 months, and 1.20% for 6 months [2].

Group 1 - Several small and medium-sized banks have recently lowered their deposit interest rates, with some banks reducing the one-year fixed deposit rate by up to 30 basis points (BP) [1][2] - For example, Puyang Zhongyuan Village Bank announced a reduction in various fixed deposit rates effective January 7, 2026, with three-month, six-month, and one-year rates decreasing by 30 BP to 1.05%, 1.25%, and 1.40% respectively [2] - Anhui Xin'an Bank and Qing'an Rural Commercial Bank also announced reductions in their deposit rates, with Qing'an reducing rates for various terms by 5 to 30 BP [2][3] Group 2 - The overall trend for deposit rates is downward, influenced by the current macroeconomic environment and the expectation of further monetary easing, including potential cuts in reserve requirements and interest rates [4][5] - The People's Bank of China has indicated a commitment to maintaining a moderately loose monetary policy to keep social financing costs low, which may lead to lower loan rates for residents and businesses [4] - Analysts predict that as loan rates decrease, deposit rates will also continue to decline, reflecting ongoing pressure on banks to manage their funding costs [5]

Core Viewpoint - The increasing enthusiasm of depositors to save money is driven by concerns over unemployment and health emergencies, as well as the perceived risks associated with higher-yield investment products like stocks and funds [1]. Group 1: Deposit Trends - In the first eleven months of 2025, residents' deposits increased by 120.6 billion yuan [1]. - The decline in deposit interest rates has been noted since 2023, with the three-year fixed deposit rate dropping from 3.25% to 1.75%, resulting in a decrease of 1,500 yuan in annual interest income for a 100,000 yuan deposit [6]. Group 2: Recommendations for Depositors - Depositors should consider moving funds to joint-stock banks, which typically offer higher interest rates than state-owned banks, while still being safer than village and commercial banks [6]. - For deposits exceeding 200,000 yuan, purchasing large-denomination certificates of deposit (CDs) is advisable, as they offer higher rates and transferability [6]. - A diversified asset allocation strategy is recommended to counteract the inability of deposit rates to outpace inflation, with examples provided for conservative investors [9]. Group 3: Liquidity and Safety - Maintaining liquidity is crucial; depositors are advised to avoid locking all funds in long-term deposits to prevent losses from early withdrawals due to emergencies [12]. - A suggested strategy includes keeping a portion of funds in short-term large-denomination CDs while locking the remainder in longer-term deposits [12]. Group 4: Bank Stability Concerns - The number of small bank failures is expected to rise, with recent examples including Baoshang Bank and Liao Yang Rural Commercial Bank [17]. - Depositors should ensure their banks display deposit insurance symbols, diversify their deposits across multiple banks, and understand the difference between deposits and investment products to ensure coverage in case of bank failures [17].

Core Viewpoint - The reduction of medium to long-term deposit products in the market is a significant trend, with major banks lowering deposit rates, indicating the end of the high-interest era in China [2][4][10]. Group 1: Deposit Rate Changes - Major state-owned banks have lowered the 3-year deposit rates to between 1.5% and 1.75%, and 5-year large-denomination certificates of deposit have largely disappeared from the market [2][4]. - The exit of 5-year large-denomination certificates of deposit was not sudden, as banks had previously indicated limited availability for certain terms [4][9]. - Several banks are continuously lowering deposit rates, with some experiencing a drop of up to 65 basis points [4]. Group 2: Historical Context - The benchmark interest rate for 3-year deposits was over 12% 30 years ago, but has now fallen to nearly zero, marking a significant decline in interest rates over the decades [4][6]. - The average national one-year deposit benchmark rate was as high as 10.98% in the early 1990s, but has now dropped below 1% [6]. Group 3: Economic Implications - The decline in deposit rates is linked to the slowing economic growth, as banks adjust rates to maintain profitability amidst lower loan interest rates [9][10]. - The shift towards lower interest rates is seen as an irreversible trend, reflecting broader economic changes [8][10]. Group 4: Future Investment Behavior - As deposit rates decrease, there is a potential shift in investment behavior, with individuals likely to diversify their investments into stocks, funds, and other financial instruments [10][12]. - Historical examples from the U.S. show that lower interest rates led to a significant increase in the proportion of household financial assets allocated to stocks, indicating a possible future trend in China [12]. - The disappearance of large-denomination certificates of deposit signifies the end of an era where high-interest deposits were a reliable source of income for savers [12][13].

Core Viewpoint - The competition among banks to attract deposits through high interest rates has diminished as deposit rates are being lowered, leading to a decline in the enthusiasm of depositors, referred to as "deposit special forces" [1][2][4] Group 1: Deposit Trends - Banks are engaged in a "deposit war" at the end of the year to attract more customers by offering higher interest rates [1] - The trend of cross-province depositors seeking higher interest rates has decreased significantly due to the reduction in available high-interest deposit products [3][4] - A depositor from Hangzhou noted that last year, he could secure a 2% interest rate in Guangdong, but this year, he struggles to find similar offers [3] Group 2: Local Bank Strategies - Some local banks are adjusting their deposit rates to attract customers, with one depositor in Ningbo securing a 2.1% interest rate for a three-year deposit, which is considered a high point currently [8] - Several banks in Hangzhou are offering promotional activities, such as higher interest rates and gifts for depositors, to boost their deposit intake [8] Group 3: Shift in Investment Focus - As deposit rates decline, former "deposit special forces" are increasingly discussing investments in gold, silver, and stocks, indicating a shift in focus from traditional savings to other investment opportunities [9] - The long-term trend of decreasing deposit rates may lead to a continued decline in the popularity of high-interest savings accounts [9]