2025.11.22 作者 |第一财经 安卓 长期限存款产品"集体退潮" 11月18日，梅州客商银行在公告该行五年期存款不再提供自动转存服务时称，由于政策调整，该行已下 架五年期定期存款产品。因此，已无法为持有五年期存款的客户提供自动续存服务。上述存款到期结息 后将不再自动转存，后续该笔到期资金将按活期存款挂牌利率计息。 近日，梅州客商银行一则关于停售五年期定期存款并终止自动续存服务的公告，再次将中小银行下架长 期存款产品的趋势置于聚光灯下。 取消、下架、售罄，一方面，5年定期存款、大额存单加速退出江湖；另一方面，降息公告此起彼伏， 存款利率向下俯冲，对于那些习惯将资金存放于银行"躺赚利息"的储户而言，产品下架+利率下调的"组 合拳"正在缓缓关上"吃息时代"的大门。 本文字数：2043，阅读时长大约4分钟 另外，中关村银行在公告自10月24日起下调存款利率的同时，也宣布整存整取3年期产品、5年期产品均 已下架。 在民营银行阵营中，据统计，已有7家银行的存款页面下架5年期定期存款，包括梅州客商银行、网商银 行、苏商银行、中关村银行、亿联银行、华瑞银行、新安银行。其中，中关村银行、亿联银行、苏商银 行等不仅下架了 ...

产品下架+利率下调的"组合拳"正在缓缓关上储户们"吃息时代"的大门。 近日，梅州客商银行一则关于停售五年期定期存款并终止自动续存服务的公告，再次将中小银行下架长期存款产品的趋势置于聚光灯下。 取消、下架、售罄，一方面，5年定期存款、大额存单加速退出江湖；另一方面，降息公告此起彼伏，存款利率向下俯冲，对于那些习惯将资金存放于银 行"躺赚利息"的储户而言，产品下架+利率下调的"组合拳"正在缓缓关上"吃息时代"的大门。 长期限存款产品"集体退潮" 11月18日，梅州客商银行在公告该行五年期存款不再提供自动转存服务时称，由于政策调整，该行已下架五年期定期存款产品。因此，已无法为持有五年 期存款的客户提供自动续存服务。上述存款到期结息后将不再自动转存，后续该笔到期资金将按活期存款挂牌利率计息。 近几个月来，多家中小银行明里暗里下架5年定期存款。诸如11月初，土右旗蒙银村镇银行通过官方微信公众号发布了关于调整该行存款利率的相关公 告。在公告中，这家村镇银行表示，综合考虑同业机构的利率水平，自2025年11月5日起，对定期人民币存款利率进行调整，取消5年期整存整取定期存 款。这是业内首家在公告中明确取消5年期定期存款产品的 ...

Core Viewpoint - The recent announcement by Tongyu Mengyin Village Bank regarding the adjustment of deposit interest rates indicates a potential shift in the banking industry towards reducing long-term deposit products, reflecting a broader trend in response to narrowing net interest margins [1][7]. Group 1: Deposit Rate Adjustments - Tongyu Mengyin Village Bank will cancel the 5-year fixed deposit product starting from November 5, 2025 [1]. - Many banks, including the six major state-owned banks, still offer 5-year fixed deposit products, suggesting that the trend may not be widespread yet [2]. - The availability of 5-year large certificates of deposit (CDs) has significantly decreased, indicating a shift in investor preferences and bank offerings [3][5]. Group 2: Market Demand and Supply - The demand for long-term deposit products, such as 5-year large CDs, has diminished compared to previous years when they were highly sought after [4]. - Currently, major banks do not offer 5-year large CDs, with the longest available term being 2 years at a low annualized interest rate of 1.40% [5]. Group 3: Banking Profitability and Strategy - The reduction in long-term deposit products and lower interest rates is primarily driven by banks' need to address the pressure from narrowing net interest margins [7]. - The traditional banking profit model of earning from interest rate spreads is evolving, with banks focusing on lower-cost funding and diversifying income sources through wealth management and intermediary services [7]. Group 4: Investment Strategies - Investors are encouraged to consider alternative investment products, such as savings-type insurance, and to adopt a tiered asset allocation strategy based on their risk tolerance and liquidity needs [8][9]. - Recommendations for investors include prioritizing short to medium-term deposits or government bonds, while also considering low-volatility financial products and equities for those with higher risk tolerance [9].

Core Viewpoint - The long-term fixed deposit products are being phased out by several banks, with the Tongyu County Mengyin Village Bank being the first to officially announce the cancellation of the 5-year fixed deposit product, indicating a trend in the banking industry towards reducing long-term deposit offerings due to narrowing net interest margins [1][2][7]. Group 1: Bank Actions - The Tongyu County Mengyin Village Bank announced a reduction in deposit rates and the cancellation of the 5-year fixed deposit product effective November 5, 2025, marking it as the first commercial bank to do so [2]. - Other banks, such as the Kundu Lun Mengyin Village Bank and Hubei Jingmen Rural Commercial Bank, have also reduced their deposit rates and removed the 5-year fixed deposit from their offerings, although they did not issue formal announcements [2][6]. - A total of seven private banks have removed the 5-year fixed deposit from their deposit pages, including Keshang Bank and Wanzhang Bank, with some also removing 3-year fixed deposits [2][6]. Group 2: Market Trends - The disappearance of the 5-year fixed deposit is not limited to small banks; major national banks have also stopped offering 5-year large denomination certificates of deposit, with some city commercial banks restricting them to special customer categories [6][8]. - The trend of phasing out long-term deposits is attributed to the ongoing pressure of narrowing net interest margins, prompting banks to optimize their liability structures and manage costs more effectively [7][8]. - Analysts suggest that the reluctance of customers to invest in 5-year deposits, which often offer lower interest rates compared to 3-year deposits, is also influencing banks' decisions to withdraw these products [8].

Core Viewpoint - The recent cancellation of 5-year deposit products by several village banks has raised concerns among depositors, indicating a shift in the banking sector's strategy to manage deposit competition amid narrowing net interest margins [2][3][10]. Summary by Sections Deposit Rate Adjustments - The Tongyu Mongolian Village Bank announced the cancellation of 5-year fixed deposit products effective November 5, 2025, becoming the first commercial bank to do so [3]. - Other banks, such as the Kundu Lun Mongolian Village Bank, have also quietly removed 5-year fixed deposit products from their offerings [4]. - A total of seven banks, including private banks, have removed 5-year fixed deposits from their pages, with some also eliminating 3-year fixed deposits [5][6]. Market Trends - The disappearance of 5-year fixed deposits is not limited to village banks; major commercial banks have also seen a collective absence of 5-year large denomination certificates of deposit [9]. - Some city commercial banks have categorized 5-year large denomination certificates of deposit as limited sales, available only for new customers or private banking clients [10]. Impact of Net Interest Margin - The retreat from 5-year deposits is a response to the ongoing pressure of narrowing net interest margins, with the net interest margin for commercial banks reported at 1.42% in Q2 2025, down from earlier levels [10][12]. - Analysts suggest that banks are adjusting their deposit strategies to lower long-term liabilities and manage costs effectively, especially as the market anticipates further declines in interest rates [11][12]. Customer Preferences - The general trend shows that 5-year deposit rates are often lower than 3-year rates, leading to decreased customer interest in long-term deposits [11].

Core Viewpoint - The recent cancellation of 5-year deposit products by several banks indicates a significant shift in the banking sector's strategy to manage deposit competition and reduce liability costs amid ongoing pressure on net interest margins [1][7]. Group 1: Cancellation of 5-Year Deposits - The Tongyu Mongolian Village Bank announced the cancellation of its 5-year fixed deposit product, becoming the first commercial bank to do so [2]. - Several other banks have also removed 5-year fixed deposit products from their offerings, including the Kun District Mongolian Village Bank, which stopped displaying the 5-year deposit rates [3]. - A total of seven banks have reportedly removed 5-year fixed deposits from their pages, with some also eliminating 3-year deposits [3]. Group 2: Market Trends and Implications - The disappearance of 5-year deposits is a response to the ongoing decline in net interest margins, which fell to 1.42% in Q2 2025, down 0.01 percentage points from Q1 [7]. - The People's Bank of China highlighted the need for banks to manage their liability costs effectively, as the disparity between declining loan rates and slower deposit rate reductions compresses net interest margins [7][9]. - Analysts suggest that banks are adjusting their deposit strategies in anticipation of further interest rate declines, leading to a reduction in long-term deposit offerings [8]. Group 3: Customer Behavior and Preferences - Customers are increasingly reluctant to invest in 5-year deposits due to lower interest rates compared to 3-year options, making the former less attractive [8]. - The trend of banks discontinuing long-term deposit products reflects a broader strategy to optimize their liability structures and manage costs effectively [8].

Core Viewpoint - Several banks are discontinuing long-term fixed deposit products, particularly 3-year and 5-year terms, in response to ongoing pressure on net interest margins, indicating a shift in the banking industry's profit model [1][6][7] Summary by Sections Discontinuation of Fixed Deposits - Multiple banks, including village banks, have announced the cancellation of 5-year fixed deposit products, with some also removing 3-year fixed deposits from their offerings [1][2][3] - As of November 10, 9 private banks have removed 5-year fixed deposit products from their apps, and some have also discontinued 3-year fixed deposits [3][6] Interest Rate Adjustments - Interest rates for 1-year and 3-year fixed deposits are now often higher than those for 5-year deposits, leading to a common phenomenon of interest rate inversion [1][3][4] - For example, the Inner Mongolia Tongyu Bank has adjusted its 1-year fixed deposit rate from 1.50% to 1.45%, while the 5-year rate has been removed entirely [2][4] Impact on Banking Profitability - The banking sector is actively managing its liabilities by reducing the rates on long-term deposits and discontinuing high-cost deposit products to mitigate the pressure on net interest margins [1][7] - A report indicates that out of 26 listed banks, 14 are still experiencing a decline in net interest margins, highlighting the ongoing challenges in the banking sector [7] Market Trends - The trend of discontinuing long-term fixed deposits is primarily observed in small and medium-sized banks, while larger state-owned and joint-stock banks still offer 5-year fixed deposits [6] - The maximum interest rate for 3-year large certificates of deposit has dropped to 1.55%, indicating a broader decline in deposit rates across the banking sector [6][7]

Core Viewpoint - Several banks are discontinuing long-term fixed deposit products, particularly 3-year and 5-year terms, in response to ongoing pressure on net interest margins and a shift in their profit models [2][8]. Summary by Sections Bank Actions - Multiple banks, including village banks, have announced the cancellation of 5-year fixed deposit products, with some also removing 3-year fixed deposits from their offerings [2][4]. - As of November 10, 9 private banks have removed 5-year fixed deposit products from their apps, and some have also discontinued 3-year fixed deposits [4][5]. Interest Rate Adjustments - Interest rates for 1-year and 3-year fixed deposits are now often higher than those for 5-year deposits, leading to a common phenomenon of "rate inversion" [2][5]. - For example, the Inner Mongolia Tuyuqi Mengyin Village Bank has adjusted its 1-year fixed deposit rate from 1.50% to 1.45% and its 3-year rate from 1.95% to 1.85% [3][6]. Market Trends - The trend of banks discontinuing long-term deposit products is primarily observed in smaller banks, while larger state-owned and joint-stock banks still offer 5-year fixed deposits [7][8]. - The maximum term for large-denomination certificates of deposit has also been reduced, with many banks no longer offering 5-year products and only providing 1-year options [7][8]. Profitability and Cost Management - Banks are actively managing their liability costs by reducing deposit rates and discontinuing high-cost deposit products, reflecting a shift towards more precise control over their funding sources [8][9]. - The net interest margin for many banks remains under pressure, with 14 out of 26 listed banks reporting a decline in this metric [8].

Core Viewpoint - The long-term deposit products, once considered a "stabilizing force" for investors, are gradually disappearing from the shelves of some banks, indicating a profound restructuring of the banking industry's profit logic in response to deepening interest rate marketization and a low-interest environment [1][4][8]. Group 1: Disappearance of Long-term Deposits - As of November 9, major state-owned banks and some joint-stock banks have removed 5-year large certificates of deposit (CDs) from their offerings, with banks like ICBC, ABC, and BOC no longer listing these products [2][3]. - The interest rates for commonly available 3-year large CDs are now between 1.5% and 1.75%, with some banks facing a "one order hard to find" situation due to limited availability [2][3]. - Regional banks are also tightening their long-term CD offerings, with many now focusing on shorter terms such as 1 month, 3 months, and 1 year [3][5]. Group 2: Strategic Shift in Banking - The current low net interest margin has prompted banks to lower their liability costs to maintain stable profit levels, leading to the reduction or cancellation of high-interest long-term CDs [4][7]. - Smaller banks, particularly village banks, are also halting long-term deposit products, reflecting a broader industry trend towards optimizing balance sheets in response to regulatory pressures and changing market conditions [5][7]. - The traditional banking model of high-interest deposits and low-interest loans is facing unprecedented challenges, with net interest margins dropping to historical lows [8][9]. Group 3: Future Directions - The banking sector is expected to increasingly favor short-term adjustments and flexible combinations of various financial products to enhance customer loyalty and stabilize relationships [9]. - Banks are likely to optimize their liability structures by offering more medium- and short-term deposit products, reducing the proportion of high-cost deposits, and improving overall profitability through wealth management services [9].

Group 1 - The China Securities Regulatory Commission (CSRC) aims to maintain a stable and orderly control over bond defaults and risks in private equity funds [1] - Experts suggest that banks removing 5-year large-denomination time deposits is a move to reduce funding costs [2] - The Ministry of Finance plans to issue 11 ultra-long-term special government bonds in the third quarter, with 4 of them having their issuance dates advanced [3] Group 2 - The first batch of 10 Science and Technology Innovation Bond ETFs has been approved [4] - Longfor Group has repaid nearly 9 billion yuan in public bonds this year [5] - A low-cost financing window has opened, leading to increased enthusiasm among banks for issuing Science and Technology Innovation Bonds [6] Group 3 - The China Securities Index has officially approved the China Merchants CSI AAA Technology Innovation Corporate Bond ETF [7] - Chipone Technology plans to issue no more than 4 billion yuan in corporate debt financing instruments [8] - Poly Developments' second phase of corporate bonds has interest rates of 2.12% and 2.39% for two varieties [9] Group 4 - Mexican bonds surged by 22%, with institutions stating that "the trading is far from over" [10] - SoftBank in Japan plans to issue 4.2 billion USD in bonds, focusing on investments in the AI sector [11]