On April 25, manybanklarge-denomination certificates of deposit, ordinary time depositsinterest ratewill be down. “We have been notified that the three-year time deposit will be lowered starting Monday.interest rate. “A joint stock systembankfinancial managementmanager said.
According to the reporter’s observation, before the downgradebankThe maximum interest rate of the three-year large-denomination certificate of deposit is 3.55%, which is not much different from the 3.50% interest rate of the three-year time deposit.
Deposit Product Interest Rate Adjustment
“Starting tomorrow, the interest rate of our bank’s three-year fixed-term lump-sum deposit product will drop from 3.50% to 3.40%. As far as I know, most joint-stock banks will cut interest rates in the near future, and a small number of banks have already implemented them ahead of schedule. ” said a wealth management manager of a joint-stock bank, “Our bank’s three-year large-denomination certificate of deposit (with a minimum purchase amount of more than 200,000) has an interest rate of 3.50%, which is similar to the three-year fixed-term lump-sum deposit product, and may also be available in the later stage. will be further reduced.”
Another joint-stock bank customer manager said that the interest rate adjustment will also start from Monday, April 25, of which the interest rate of the 3-year large-denomination certificate of deposit will be reduced from 3.55% to 3.45%, and the interest rate of the 3-year ordinary time deposit will be reduced from 3.5% to 3.4%. .
Has the interest rate of the large-denomination certificates of deposit of the four major state-owned banks remained stable? The reporter called a state-owned bank to learn that the current interest rate of the four major state-owned banks’ three-year large-denomination certificates of deposit is around 3.35%. Adjusted to 3.15%.
“It is expected that the reduction of fixed deposit interest rates will become a future trend.” An industry insider told reporters that many wealth management managers have begun to recommend investors that can lock in interest rates for a long time.Insuranceproduct.
The amount of large-denomination certificates of deposit is too tight
Not long ago, many banks’ wealth management fell below their net worth, causing investors to shout “can’t afford to hurt”. Many people’s funds have begun to transfer from bank wealth management with higher risk levels to deposit products that guarantee principal and income.
However, there is a phenomenon of panic buying of large-denomination certificates of deposit. In addition, there is also news that the interest rate of three-year large-denomination certificates of deposit is also lowered, and the minimum has been reduced to 2.90%.
“There are more investors who are inquiring about deposit products these days.” A wealth management manager said that many large-denomination certificates of deposit products have also experienced “buying”. An employee of a local corporate bank also told reporters that large-denomination certificates of deposit have been very popular recently. Her branch outlets were sold out not long ago, and some quotas have only been released recently.
Mr. Xie, a senior investor, is currently considering investing in large-denomination certificates of deposit. After consulting, he found that the interest rate of the three-year large-denomination certificate of deposit is currently at a maximum of 3.55%, and the five-year certificate is about 4.05%. “The quota is relatively tight, and some banks said they have sold out,” Mr. Xie told Jimu News. “Although it needs to be snapped up, there is no risk at all.”
To this,Everbright BankZhou Maohua, a macro researcher at the Department of Financial Markets, said that recently, factors such as the decline in deposit interest rates and some wealth management products have led to some depositors who prefer stable income to moderately increase the purchase of large-denomination certificates of deposit. Case. In addition, in the context of repeated epidemics, market interest rates have generally fallen, and the capital market has not performed well. The relatively high interest rate of large-denomination certificates of deposit has become a “sweet pastry” in the minds of investors.
(Article source: Jimu News)