WeBank will implement a new list of RMB deposit interest rates starting from January 3, where the interest rate on demand deposits decreases from 0.2% to 0.1%. The six major state-owned banks have already lowered their interest rate on demand deposits from 0.15% to 0.1% as of October 2024.
微众银行下调活期存款利率至与国有大行持平
WeBank has lowered the interest rate on demand deposits to align with that of state-owned banks.
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