It was reported that the RMB deposit rates of Bank of Communications in the Beijing, Shanghai, and Shenzhen regions have also been lowered. A staff member of Bank of Communications in the Pudong New Area of Shanghai told reporters, 'Currently, the annual, two-year, three-year, and five-year fixed deposit rates of our branch are 1.85%, 1.95%, 2.4%, and 2.45%, respectively (the highest), with a minimum deposit amount of 0.01 million yuan, which will be effective from today.' The deposit rates at a branch of Bank of Communications in the Xicheng District of Beijing are also the same, with a minimum deposit amount of 0.01 million yuan. A relationship manager at the branch said, 'We adjusted the fixed deposit rates today. After the adjustment, our rates are considered high among the state-owned banks, but it is hard to say how long this rate can be sustained.' A staff member at a Bank of Communications branch in the Longhua District of Shenzhen stated that after the adjustment, the highest one-year, two-year, three-year, and five-year deposit rates can reach 1.85%, 1.95%, 2.4%, and 2.45%, respectively, but the deposit amount must be at least 0.05 million yuan to reach the highest deposit rate.' (China Securities Net)