The certificate of deposit with guaranteed principal and interest is the "minimum financial guarantee" of many investors. The recent large interest rate reduction of certificates of deposit also represents the medium and long-term deposit products.
The interview with China news finance and economics found that since April 25, many large state-owned banks and joint-stock banks have reduced the interest rates of certificates of deposit with different maturities, and certificates of deposit are very popular at present.
several banks cut fixed deposit interest rates
"The bank staff mentioned to me that the fixed deposit interest rate should be reduced before. I thought it was a way to improve performance, so I didn't care much. As a result, bank 25 called again and said it had been reduced. Let me ask other banks to see if they want to deposit." Ms. Cai, who is in Beijing, told China news finance.
The annual interest rate of Bank Of China Limited(601988) three-year time deposit known by Ms. CAI was reduced from 3.25% to 3.15%. "Originally I wanted to wait another month's salary to save together, but I lost more than 90 yuan a day." Ms. Cai said.
China news finance and economics inquired about BOC mobile banking and found that the interest rate of three-year time deposits with an initial deposit amount of 20000 yuan was reduced to 3.15%; The 2-year fixed deposit has only one file from 50 yuan, and the interest rate is 2.25%. Among the certificates of deposit products, the interest rate of three-year products with an initial deposit amount of 200000 yuan is only 3.25%P align = "center" bank certificate of deposit products. Screenshot
Industrial And Commercial Bank Of China Limited(601398) 's customer service confirmed to Zhongxin finance that the deposit interest rate was indeed lowered on April 25. "Certificates of deposit generally need to be deposited from three years. The interest rate was 3.35% and now it is 3.25%."
China Construction Bank Corporation(601939) 's staff also said that the interest rate had been reduced by one percentage point. At present, the annual interest rate of three-year time deposits has decreased from 3.25% to 3.15%, and that of two-year time deposits has decreased from 2.6% to 2.5%.
The interest rate of the large part of the deposit certificate has been adjusted. At present, the three-year annual interest rate of large certificates of deposit from 200000 yuan is reduced from 3.35% to 3.25%, and the two-year interest rate is reduced from 2.7% to 2.6%.
Earlier, the certificates of deposit products of many joint-stock banks have also changed. Compared with the decline of the four major banks at about 10 basis points, the range is also relatively greater.
"This time, the bank mainly adjusted the fixed deposit interest rate of 3-year and 2-year. The fixed deposit interest rate of 5-year and above, and 1-year and below basically remained unchanged." A staff member of a state-owned bank told Zhongxin finance and economics that the 5-year and 3-year fixed deposit interest rates of some banks are the same or even upside down, so the most popular products in general business handling are also 3-year products.
large amount deposit quota is tight and sold out
The interview with China news finance and economics found that at present, the adjustment rhythm and range between banks and even between different branches of the same bank are different. Some respondents said that different interest rates may be displayed between different bank outlets and Wuxi Online Offline Communication Information Technology Co.Ltd(300959) business processing. Even if there are familiar account managers, they can try to get the following interest rate deposits before the adjustment.
"China has formally realized the marketization of deposit interest rate, and banks have greater autonomy in the pricing of deposit interest rate." Dong ximiao, chief researcher of Zhaolian finance, explained to Zhongxin finance that therefore, different banks will adopt differentiated strategies according to their asset liability structure, business development strategy, judgment of future liquidity and other factors.
"The same bank may adopt different deposit pricing strategies at different stages and different branches of the same bank. Therefore, this is the embodiment of the deposit interest rate market." Dong ximiao saidP align = "center" a bank displays the sold out certificates of deposit products. Screenshot
But the same thing is that the amount of large deposits in banks is very tight.
"Because the interest rate plus has changed to a certain extent, the time deposit products of CCB have been adjusted at present. There is no big problem with the one-year term, the long-term two or three-year deposit has to wait a little, and the products with rising interest rates are gone." A staff member of CCB told Zhongxin finance and economics that it is uncertain how long the relevant business will be suspended, but it should not be too long.
ICBC staff said that the deposit limit was in a limited state. Online processing depends on whether the quota is available. Offline outlets may have quota distribution every day. It is recommended to consult each outlet for details.
The staff of Agricultural Bank of China also said that the amount of certificate of deposit has been very tight recently. It can be said that there is almost no amount, and the specific issuance time can only be notified by the head office.
inevitable trend of behavior under deposit interest rate
"Affected by internal and external complex factors, the decline of risk-free return in the market will be a long-term trend. In the long run, the decline of deposit interest rate is an inevitable trend." Dong ximiao said that with the gradual decline of deposit interest rate, the cost of bank liabilities will be reduced, which will help to maintain the basic stability of interest rate spread, and then improve the willingness and ability of banks to increase credit and make profits to the real economy.
According to the performance data of 2021 disclosed by some banks, whether large state-owned banks or joint-stock banks, the net interest margin has declined to a certain extent, and the downward pressure on bank interest margin this year is still relatively large. At present, strengthening debt management and easing the pressure of interest rate spread have also become the key work of many banks this year.
It is generally believed that certificates of deposit are actually a kind of liability for banks. With the in-depth implementation of new regulations on asset management, interbank liabilities continued to drop, and the proportion of deposits further increased. The reduction of interest rate will help to reduce the debt cost of banks, so as to further reduce the loan cost and improve the ability of banks to make profits to the real economy.
On January 18, Liu Guoqiang, vice governor of the central bank, said at the press conference of the state information office that if the deposit interest rate is too high, it will be difficult to reduce the interest rate of loans and the financing cost of enterprises, "so we have made great efforts to maintain the order of the deposit market, stabilize the debt cost of banks and banks, and promote the steady decline of the comprehensive financing cost of enterprises, especially small and micro enterprises."
"For individuals, if there are more products such as medium and long-term deposits in asset allocation, the yield may decline." Dong ximiao reminded that investors should balance the relationship between risk and return.
Postal Savings Bank Of China Co.Ltd(601658) researcher Lou Feipeng also said that considering that the interest rate of certificates of deposit with the same term is still significantly higher than that of time deposits, there is still a certain space to reduce the interest rate of certificates of deposit when reducing the financing cost of the real economy and the banking industry needs to reduce the debt cost.
At the same time, some analysts pointed out that after the deposit side interest rate decreases, the loan side interest rate corresponding to the bank will also decrease to a certain extent, and the interest payable by residents to apply for housing loans and other loans will also decrease accordingly.
