Core Viewpoint - The recent news regarding Yilian Bank's early redemption of the "3-Year Exclusive Deposit" product has sparked widespread attention, with the bank denying any suspension of deposit products and confirming that the product in question is no longer available for sale [1][2]. Group 1: Early Redemption and Interest Rates - Yilian Bank has decided to redeem the "3-Year Exclusive Deposit" product early, which offers a comprehensive annual interest rate of 4.2%, composed of a base rate of 2.95% and an additional 1.25% from a third-party collaboration [1][2]. - The bank's customer service has stated that there is no suspension of any deposit products and that any adjustments would be announced in advance [1][2]. Group 2: Third-Party Collaboration - The third-party involved in the additional interest rate is Hunan Chengshengde Technology Co., Ltd., with whom Yilian Bank has collaborated since 2022 [2]. Group 3: Regulatory Environment - Since last year, regulatory authorities have intensified efforts to curb illegal high-interest deposit solicitation, with a directive issued to prohibit manual interest supplementation [3]. - Similar practices of not directly returning benefits to depositors but achieving high interest rates through third-party services have been reported in other banks [3]. Group 4: Financial Performance - Yilian Bank's 2024 financial report indicates a decline in both deposit and loan balances, with total deposits at 27.77 billion yuan, down 14.73% from the previous year [10][11]. - The bank's personal fixed deposit ratio is excessively high at 84%, contributing significantly to the overall decline in deposits, which fell by 9.51% year-on-year [11]. - The bank reported a net loss of 589.59 million yuan in 2024, marking a 520% decrease compared to the previous year, making it the only loss-making bank among 19 private banks [13][14]. Group 5: Management Compensation - Despite the significant loss, the compensation for the bank's directors and senior management remained relatively stable, with a total pre-tax remuneration of 31.71 million yuan in 2024, only a 17.66% decrease from 2023 [15].

Core Viewpoint - The article discusses the controversy surrounding Yilian Bank's decision to potentially redeem a specific deposit product early, which has raised concerns among customers regarding interest loss and regulatory compliance [1][3]. Group 1: Early Redemption of Deposit Products - Yilian Bank is reportedly considering early redemption of its "3-Year Exclusive Deposit" product, which has a comprehensive annual interest rate of 4.2% [1][4]. - Customers received notifications about the early redemption, which could result in a loss of nearly one year of interest for those who purchased the product [3][4]. - The bank's customer service denied any current plans for stopping payments on any products, stating that any adjustments would be announced through official channels [1][3]. Group 2: Interest Rate Structure - The "3-Year Exclusive Deposit" product has a base annual interest rate of 2.95%, supplemented by a reward interest rate of 1.25% related to the study of the "Deposit Insurance Regulations," leading to a total of 4.2% [4]. - Other deposit products from Yilian Bank also feature similar reward structures, indicating a trend in their offerings [4]. Group 3: Third-Party Involvement - Customers were required to sign an agreement with a third party, Hunan Chengshengde Technology Co., Ltd., to receive the additional interest, indicating a complex structure behind the interest rates [6][7]. - This third-party arrangement raises concerns about potential regulatory evasion regarding deposit interest rates [8][9]. Group 4: Financial Performance and Challenges - Yilian Bank has faced declining revenues and profits since 2020, with reported revenues of 10.65 billion yuan in 2023 and a net profit loss of 5.9 billion yuan in 2024, marking it as the only loss-making private bank among its peers [12][13]. - The bank's total assets and liabilities have significantly decreased, with total assets dropping by 21% to 40.822 billion yuan and total liabilities also decreasing by 21% [12][13]. - The bank's heavy reliance on personal time deposits, which account for over 84% of its deposit balance, has created pressure on its financial stability, especially in a declining interest rate environment [13].