The Bank of China App issued the “Notice Concerning Personal Intelligence to Notify Deposits and Notify Deposits, and Automatic/Arrangement to Stop Follow-up Services”. According to the announcement, according to relevant policy changes, the bank will stop the original personal smart notification deposit product, as well as follow-up services for automatic transfer and agreement transfer of the original notification deposit on May 15. We found that since April, more than 20 banks have announced the termination of smart notification deposit services. According to industry insiders, the removal of “smart notification deposits” is in line with the policy direction of reducing interest rates on deposits. It is conducive to continuously reducing bank debt costs and making banks more sustainable to benefit the real economy. (Sino-Singapore Economic Link)
20余家银行密集公告，这类存款下架、到期不续
More than 20 banks have made intensive announcements. Such deposits have been removed from the shelves and will not continue to expire
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