As the personal Retirement accounts fully open, the "competition for customers" among banks has become increasingly intense. Reporters noticed that in order to attract residents to open personal Retirement Accounts and increase the account deposit rate, many banks recently launched a combination of "high interest rates + marketing activities," with personal Retirement fixed deposit rates significantly higher than ordinary fixed deposit products. "Since last year, our personal Retirement fixed deposit product interest rate has reached up to 4.0%," a customer manager from Bank Of Nanjing in the Peking area revealed to reporters. However, starting this week, our bank has lowered the interest rates for relevant deposit products, with the 3-year and 5-year personal Retirement fixed deposit rates both reduced to 2.5%. Reporters noticed that compared with ordinary fixed deposit products, the vast majority of banks' personal Retirement fixed deposit products have a significant interest rate advantage. (China Financial Times)