Core Insights - Construction Bank has adjusted its deposit rates, leading to discussions among depositors about wealth preservation strategies in a low-interest environment [2][4] - The new rates show a decline across all deposit terms, with significant reductions in three-year large certificates of deposit [4][7] Deposit Rate Adjustments - The three-year large certificate of deposit rate has decreased by 35 basis points compared to the same period last year, falling below 1.5% [4] - Current deposit rates are as follows: - Demand deposits: 0.05% (annual interest of only 100 yuan for 200,000 yuan) - Regular time deposits: - 3 months: 0.65% (325 yuan) - 6 months: 0.85% (850 yuan) - 1 year: 0.95% (1900 yuan) - 2 years: 1.05% (4200 yuan) - 3 years: 1.25% (7500 yuan) - 5 years: 1.3% (13000 yuan) - Large certificates of deposit (starting from 200,000 yuan): - 1 year: 1.2% (2400 yuan) - 3 years: 1.55% (9300 yuan) [4] Deposit Strategy Analysis - **Liquidity Priority Plan**: Dividing 200,000 yuan into smaller time deposits (5,000 yuan each for 3 months, 6 months, 1 year, and 2 years) yields an estimated total return of 2275 yuan, allowing for flexibility but risking reduced returns if funds are withdrawn early [5] - **Maximizing Returns Plan**: Investing the entire 200,000 yuan into a three-year large certificate of deposit results in a total return of 9300 yuan, averaging 3100 yuan per year, but carries high risk if funds are withdrawn early [6] - **Laddered Combination Plan**: Allocating 200,000 yuan into different terms (5,000 yuan for 1 year, 100,000 yuan for 3 years, and 5,000 yuan for 5 years) is expected to yield 7475 yuan, balancing liquidity and long-term returns [8] Investment Strategies in Low-Interest Environment - Diversification is crucial as relying solely on bank deposits is insufficient for achieving ideal returns in a declining interest rate cycle [9] - Options include: - Large certificates of deposit: Caution is advised due to product scarcity and interest rate inversion risks [9] - Deposits in small and medium banks: Higher yields come with increased risks, including credit risk [9] - Alternative investments: Government bonds offer higher rates than large certificates of deposit, while money market funds provide good liquidity [9] Common Questions Addressed - Longer deposit terms do not always guarantee higher interest rates, as seen with the minimal difference between three-year and five-year rates [9] - Early withdrawals are calculated at demand deposit rates [10] - The value of large certificates of deposit compared to regular time deposits depends on individual financial plans [11] Conclusion - In a low-interest environment, the potential returns on a principal of 200,000 yuan are limited, necessitating careful selection of deposit strategies and exploration of diversified investment options [12]

今年5月20日，工商银行等国有六大行率先降息，随后股份行、城商行相继跟进。这是2025年以来首次 大规模利率调整，此次调整完成后，中长期存款利率全面进入"1"时代，居民投资理财格局也悄然生 变。 "最近一段时间，前来咨询大额存单业务的客户相对较少。"广州某城商行理财经理向南方财经记者表 示，定期存款利率调降后，大额存单的利率也跟进下调。目前，该行大额存单收益已全面降到2%之 下。从收益来看，与普通存款产品等相比，大额存单的利率优势并不明显，甚至低于一些零钱理财类产 品收益，因此有些"失宠了"。 上述城商行的情况并非个例。工商银行APP显示，7月8日，该行在售的20万元起存的个人大额存单，分 别有1个月、3个月、6个月、1年、2年、3年，年利率分别为0.9%、0.9%、1.10%、1.2%、1.2%、 1.55%。总体来看，该行已无5年期大额存单在售，且出现1个月与3个月、1年期与2年期大额存单利率 持平的情况。 与之收益形成对比的是，该行50元起存的普通定期存款产品，1年期和3年期的利率同样为1.10%和 1.55%；该行主推的"天天盈"关联货币基金七日年化分布在1.02%到1.60%间。相较之下，收益率普遍 ...

Core Viewpoint - The banking industry is experiencing a significant reduction in long-term large-denomination certificate of deposit (CD) interest rates, leading to a phenomenon known as "deposit migration" as consumers seek better returns from other financial products [1][8]. Summary by Sections Interest Rate Changes - Major banks, including Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China, have removed five-year large-denomination CDs from their offerings, with some banks now only providing up to three-year products at rates as low as 1.2% to 1.4% [1][2][6]. - The three-year large-denomination CD currently has a rate of 1.55%, while two-year and one-year products are offered at 1.2% [5][6]. Reasons for Rate Reductions - The primary reason for the reduction in long-term large-denomination CD rates is the pressure on net interest margins, prompting banks to reform their liability structures [1][10]. - As loan rates continue to decline, banks are compelled to lower high-cost long-term liabilities to alleviate pressure, thereby reducing their interest rate risk exposure [1][10]. Impact on Consumer Behavior - The decline in large-denomination CD offerings has led to a "deposit migration," where consumers are increasingly turning to alternative investment options such as money market funds, government bonds, and insurance products [8][9]. - The current three-year government bond rate is 1.63%, and five-year bonds yield 1.7%, making them attractive alternatives to traditional deposits [8]. Market Trends - The banking wealth management market has seen significant growth, with the scale of bank wealth management products reaching 29.14 trillion yuan, a year-on-year increase of 9.41% [8]. - Insurance products are gaining popularity as alternatives to long-term deposits, with many clients showing increased interest in savings-type insurance products that offer higher returns [9]. Future Outlook - The trend of reducing long-term deposit offerings is expected to continue as banks aim to manage their interest margins effectively [10][11]. - Ordinary fixed-term deposit rates may further decline, with current rates for two-year ordinary deposits ranging from 1.2% to 1.4% [11].