Multiple small and medium-sized banks in various regions have announced a decrease in deposit interest rates.

Breakings ·  Jun 17 21:56
Since this year, the bank's "interest rate reduction tide" has continued, and many small and medium-sized banks have successively joined the camp of lowering deposit interest rates. In the past month, small and medium-sized banks in many places, including Guangdong, Guangxi, Henan, Hubei, Guizhou, Harbin, Shanxi, and Shenzhen, have adjusted their deposit posting rates, with a maximum decrease of 60 basis points. It is noted that after several rounds of "interest rate cuts" over the past two years, fixed-term deposits with rates above 3% are now hard to find. However, judging by the level of interest rates after the rate cuts by small and medium-sized banks, they still have certain advantages over state-owned large banks and joint-stock banks. (Financial Times)

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