Core Viewpoint - Jiangxi Yumin Bank is considering stopping the issuance of loyalty points for existing deposit products, which has led to dissatisfaction among depositors as they perceive this as a reduction in the overall interest rate of their deposits [1][3]. Group 1: Deposit Products and Interest Rates - Yumin Bank previously offered deposit products with interest rates enhanced by loyalty points, which were redeemable for items like JD.com gift cards, making them attractive to depositors [3][4]. - The initial combined annualized interest rate for these products reached 3.6%, later decreasing to around 3.3% [4]. - Specific rates for various terms include: 1-year at 1.35% + 1.75% points = 3.1%, 2-year at 1.5% + 1.7% points = 3.2%, 3-year at 2% + 1.3% points = 3.3%, and 5-year at 2.05% + 1.25% points = 3.3% [5]. Group 2: Customer Reactions and Communication - Many depositors have expressed their opposition to the proposed changes, with some contacting customer service to voice their concerns [6]. - The bank's customer service stated that the plan to stop issuing points is still in the consultation phase and has not been officially confirmed [3][6]. - Depositors were informed that if they choose to withdraw their deposits early, the interest would be calculated based on the original combined rate, and previously issued points would not be reclaimed [6]. Group 3: Regulatory Environment and Market Context - The situation reflects a broader trend where private banks have been reported to lower the effective interest rates on existing deposits, often due to regulatory pressures [8]. - Regulatory bodies have been tightening compliance management regarding deposit solicitation practices, which has led to the discontinuation of certain promotional deposit products [9][10]. - The market has seen increased scrutiny on high-cost deposit solicitation methods, with warnings against practices that could distort the normal competitive order of deposit rates [10].