2024年9月是一个值得纪念的月份，市场呼唤已久的美联储降息终于落地，降息幅度还不小，基准利率 下调幅度从开始的25个基点到最终的50个基点，对市场情绪起到一定的提振作用。在美国降息之后，美 元存款利率会下降吗？不少投资者希望赶在下降之前上车，锁定当前的高息美元存款。 不少投资者希望在美元存款利率普遍下降前锁定较高的利率，以获取稳定的收益，这也让美元存款的热 度居高不下。 但是，毕竟美元存款和人民币存款不同，影响因素也不同，是否值得在当前这个时候"上车"美元存款， 需要投资者根据自身的资金需求和风险偏好来决定。 一方面，美元存款可以提供相对较高的收益，尤其是在全球低利率环境下；另一方面，随着美联储的降 息，未来美元存款的利率可能会进一步下降，这可能会影响投资者的收益预期。 9月19日周四凌晨，美联储开启了自2020年以来的首次降息，下调基准利率50个基点，可谓是"一石激起 千层浪"，这也必然会为全球金融市场带来重大影响。 随着美联储开启降息模式，美元存款利率也将进入下降通道，只是时间早晚的问题。多家银行在美联储 降息前已经对部分美元存款利率进行了调整，以应对可能的市场变动。 据了解，恒生银行和江苏银行的美元存 ...

Core Viewpoint - The Federal Reserve's recent interest rate cut has prompted banks to adjust their USD deposit rates, with foreign banks leading the changes while many domestic banks have yet to respond [1][8]. Summary by Sections Foreign Banks' Adjustments - Several foreign banks have lowered their USD deposit rates following the Fed's rate cut, with HSBC reducing rates by 10 to 20 basis points for various terms [2][3]. - As of September 22, HSBC's new rates for new funds include 3.5% for 1-month, 3-month, and 6-month deposits, and 3.05% for 12-month deposits, with previous rates being higher [2]. - DBS Bank has also adjusted its rates, with current rates for general accounts at 3.1% for 1-month and 2.9% for 1-year deposits, reflecting a decrease from earlier in the month [3]. Domestic Banks' Rates - Most domestic banks have not yet adjusted their USD deposit rates, maintaining a maximum rate of 2.8% for 1-year deposits [6][7]. - State-owned banks like Bank of Communications and China Construction Bank offer similar rates, with 1-month deposits at 2.2% and 1-year deposits at 2.8% [6]. - Some city commercial banks, such as Beijing Bank, offer more competitive rates, with 1-year deposits at 3% [7]. Market Dynamics - The differing responses to the Fed's rate cut among banks are attributed to variations in their funding structures, cost of capital, and market positioning [8]. - Analysts suggest that foreign banks are more responsive to international market changes and Fed policies, while domestic banks may take a more cautious approach [8]. Current Market Conditions - Despite the recent adjustments, many banks' USD deposit rates remain higher than their RMB counterparts, attracting depositors [9].

Core Viewpoint - The Federal Reserve announced its first interest rate cut since December 2024, lowering rates by 25 basis points, prompting renewed focus on various dollar-denominated assets [1] Summary by Sections Interest Rate Adjustments - Several foreign banks have adjusted their dollar deposit rates following the Fed's rate cut, with HSBC reducing rates by 10 to 20 basis points for new funds on September 22 [1][2] - DBS Bank has lowered its dollar deposit rates twice in September, with current rates for various terms being 3.1% for 1 month and 2.9% for 1 year [3] - East Asia Bank has also reduced its dollar deposit rates, offering competitive rates for new customers [4] Comparison of Foreign and Domestic Banks - Foreign banks generally offer higher dollar deposit rates compared to major domestic banks, which have not yet adjusted their rates significantly [1][6] - Major state-owned banks have a maximum rate of 2.8% for 1-year dollar deposits, while some city commercial banks offer more attractive rates, such as 3.8% for 3-month deposits [6][7] Market Reactions and Future Expectations - The market had anticipated the Fed's rate cut, leading some foreign banks to preemptively adjust their rates [2][8] - Analysts suggest that banks adjust rates based on various factors, including the Fed's policies and market conditions, with foreign banks being more responsive to international financial market changes [8] Customer Considerations - Customers are advised to consider factors such as exchange rate fluctuations, potential interest rate declines, and opportunity costs when choosing dollar deposits [9]

Core Viewpoint - The Federal Reserve has restarted interest rate cuts after nine months, prompting a reevaluation of dollar deposit rates across various banks, with foreign banks adjusting their rates more frequently than domestic banks [1][12]. Group 1: Foreign Banks' Dollar Deposit Rates - Several foreign banks have lowered their dollar deposit rates following the Fed's rate cut, with HSBC adjusting rates on September 22, 2023, for new funds: 1-month, 3-month, and 6-month rates at 3.5%, and 12-month at 3.05% for a minimum deposit of $20,000 [2][3]. - DBS Bank has also reduced its dollar deposit rates twice in September, with current rates for general accounts at 1-month 3.1%, 3-month 3.3%, and 1-year 2.9% [4][6]. - East Asia Bank offers promotional rates for new customers, with 1-month and 3-month rates at 3.15% and 3.55%, respectively, for deposits between $10,000 and $50,000 [7]. Group 2: Domestic Banks' Dollar Deposit Rates - Most domestic banks have not adjusted their dollar deposit rates, with state-owned banks offering a maximum rate of 2.8% for 1-year deposits, with minimum deposit amounts varying [8][10]. - For example, Bank of Communications and China Construction Bank both offer 1-month rates at 2.2% and 1-year rates at 2.8% for a minimum deposit of $5,000 [10][11]. - Some smaller banks, like Beijing Bank, offer more attractive rates, with 6-month rates at 2.7% and 1-year rates at 3% for a minimum deposit of $5,000 [11]. Group 3: Market Dynamics and Future Expectations - The adjustments in dollar deposit rates reflect banks' responses to market fluctuations and the Fed's monetary policy, with foreign banks typically more responsive to international market changes [12]. - Analysts suggest that the current dollar deposit rates remain higher than equivalent RMB deposit rates, attracting more savers, but caution that future rate cuts may occur as the Fed continues its easing cycle [13].

Core Viewpoint - The Federal Reserve has restarted interest rate cuts after nine months, prompting a reevaluation of dollar deposit rates across various banks, with foreign banks adjusting their rates more frequently than domestic banks [1][12]. Group 1: Foreign Bank Adjustments - Several foreign banks have lowered their dollar deposit rates, with HSBC adjusting rates on September 22, 2023, for new funds, with 1-month and 6-month rates down by 10 and 20 basis points respectively [2][3]. - HSBC's new rates for new funds starting from $20,000 are 1-month at 3.5%, 3-month at 3.5%, 6-month at 3.5%, and 12-month at 3.05% [2][3]. - DBS Bank has also reduced its dollar deposit rates twice in September, with current rates for 1-month at 3.1% and 1-year at 2.9% [4][6]. Group 2: Domestic Bank Stability - Most domestic banks have not adjusted their dollar deposit rates, with major state-owned banks offering a maximum rate of 2.8% for 1-year deposits [8][10]. - The rates for major domestic banks like Bank of Communications and China Construction Bank are consistent, with 1-month at 2.2% and 3-month at 2.3% [10][11]. - Some smaller banks, such as Beijing Bank and Blue Ocean Bank, offer more attractive rates, with Blue Ocean Bank providing 3-month rates at 3.8% [11]. Group 3: Market Dynamics and Future Expectations - The adjustments in deposit rates are influenced by various factors including the Federal Reserve's policies, market liquidity, and competitive positioning among banks [12]. - Analysts expect further rate cuts from the Federal Reserve, which may lead to additional adjustments in bank deposit rates [12][13]. - The current dollar deposit rates remain higher than corresponding RMB deposit rates, attracting more savers to dollar deposits [13].

Core Viewpoint - The Federal Reserve has restarted interest rate cuts after nine months, prompting a renewed focus on various dollar-denominated assets, particularly dollar deposits at banks [1]. Group 1: Interest Rate Adjustments - Several foreign banks have adjusted their dollar deposit rates following the Fed's rate cut, with HSBC lowering rates by 10 to 20 basis points on September 22 [2][3]. - HSBC's new rates for new funds starting from $20,000 are 3.5% for 1-month, 3-month, and 6-month deposits, and 3.05% for 12-month deposits, reflecting a decrease from previous rates [2][3]. - DBS Bank has also reduced its dollar deposit rates twice in September, with current rates for general accounts at 3.1% for 1-month and 2.9% for 1-year deposits [4][5]. Group 2: Comparison of Rates - Foreign banks generally offer higher dollar deposit rates compared to major domestic banks, which have not yet adjusted their rates significantly [1][9]. - Major state-owned banks have a maximum rate of 2.8% for 1-year dollar deposits, while some city commercial banks and private banks offer more attractive rates, such as 3.8% for 3-month deposits at Blue Ocean Bank [9][12]. Group 3: Market Reactions and Future Expectations - The adjustments in dollar deposit rates are influenced by the Fed's monetary policy, with expectations of further rate cuts in the near future [13]. - Banks are expected to continue monitoring market conditions and may adjust rates accordingly, with some banks indicating potential further reductions in October [8][9].

Core Viewpoint - The Federal Reserve has announced a 25 basis point reduction in the federal funds rate target range, marking the first rate cut since December 2024, with expectations of further cuts in the near future [1] Group 1: Interest Rate Changes - The recent rate cut by the Federal Reserve is expected to influence the structure of dollar deposit rates among banks, with some banks maintaining rates above 3% while others anticipate adjustments [1] - There is a growing expectation in the industry that the Federal Reserve will implement an additional 50 basis points cut by the end of the year, which may lead to further changes in dollar deposit rates [1] Group 2: Bank Responses - Different banks are exhibiting varied structures in their dollar deposit rates, with some offering higher rates for longer terms while others provide better rates for shorter terms, reflecting their expectations regarding the Federal Reserve's monetary policy [1] - Bank customer managers have indicated that a rate cut may be imminent, suggesting that banks are preparing for potential shifts in deposit rates in response to the Federal Reserve's actions [1]