Core Viewpoint - Some private banks are raising deposit interest rates against the trend of declining rates in the market, indicating a complex shift in financial strategies among depositors [1] Group 1: Deposit Rate Trends - Recent data shows that the RMB deposit rates are continuously decreasing, leading to a compression of returns for savers [1] - Some private banks have increased their one-year fixed deposit rates to as high as 2% [1] - The overall trend of declining deposit product rates is expected to remain unchanged despite these isolated increases [1] Group 2: Shifts in Depositor Behavior - There is a notable shift of resident deposits towards non-bank financial institutions, with a decrease of 1.39 trillion yuan in resident deposits in April [1] - The increase in non-bank deposits suggests that excess savings accumulated by residents are being redirected towards enterprises and non-bank institutions [1] - This shift complicates the financial choices available to depositors, as they seek new avenues for yield [1] Group 3: Foreign Currency Deposits - Dollar deposit products are gaining attention, with several banks offering high-interest rates, although these often come with conditions and currency exchange risks [1]