Core Viewpoint - The current highest deposit interest rate in Beijing is 1.9% for a three-year term, with banks increasing rates and offering promotional activities as year-end approaches [1][9]. Group 1: Deposit Rates - Many banks have raised deposit rates as the year-end approaches, with promotional activities such as WeChat and Alipay bonuses [1][9]. - The interest rate for a one-year fixed deposit is 1.65%, which can increase to 1.75% for payroll or new fund clients [6][15]. - The five-year fixed deposit is still available at major banks, despite reports of some banks withdrawing these products [2][10]. Group 2: Regional and Product Variability - There are significant differences in deposit rates not only between banks but also among branches of the same bank and different scenarios [6][15]. - For example, a three-year deposit for new funds at Hangzhou Bank starts at 1.9%, while the rate for non-new funds is 1.8% [6][15]. Group 3: Financial Products - For clients dissatisfied with low deposit rates, stable financial products with a recent annualized rate of around 1.5% are available, along with short-term flexible products offering rates between 4.3% and 4.9% [7][16]. - One-year closed-end financial products have a performance benchmark around 2%, differing from deposits as they do not guarantee capital preservation [7][16]. Group 4: Market Dynamics - Some banks are facing pressure to attract deposits, particularly smaller regional banks, leading to potential temporary increases in deposit rates [8][17]. - The net interest margin for commercial banks was reported at 1.42% as of the third quarter, indicating a slight decline from the previous year [8][17]. - Long-term, banks may continue to lower funding costs, suggesting potential downward adjustments in deposit rates [9][18].