At the end of last year, in order to reduce debt costs and ease the pressure of narrowing net interest spreads, various banks “removed” 5-year large deposit slip products one after another. However, this summer, 5-year large deposit cards, which have been dormant for more than half a year, are returning “limited”. Currently, the online and offline amounts of these deposit cards continue to be in high demand. The reporter visited a number of joint stock bank branches and found that as soon as online credits for long-term large deposit products were launched, they were quickly subscribed to, and offline outlets also welcomed many depositor inquiries and processing. An account manager at a joint stock bank explained, “If you have a 3-year term, I think there is a quota, but if you buy a 5-year term, you probably won't have a quota on the weekend.” Currently, major state-owned banks are capped at 1.6% for 5-year deposit certificates, and the initial purchase amount is 200,000 yuan; interest rates for similar products in joint stock banks can reach up to 1.8%, both of which are higher than interest rates for ordinary time deposits for the same period. The industry believes that this return to 5-year large deposit certificates does not represent the full liberalization of long-term deposit products; it is more a phased and structured savings collection strategy adopted by banks under multiple factors. For ordinary savers, experts suggest combining length and length and hierarchical layout to find a balance between steady value preservation and flexible turnover.

At the end of last year, in order to reduce debt costs and ease the pressure of narrowing net interest spreads, various banks “removed” 5-year large deposit slip products one after another. However, this summer, 5-year large deposit cards, which have been dormant for more than half a year, are returning “limited”. Currently, the online and offline amounts of these deposit cards continue to be in high demand. The reporter visited a number of joint stock bank branches and found that as soon as online credits for long-term large deposit products were launched, they were quickly subscribed to, and offline outlets also welcomed many depositor inquiries and processing. An account manager at a joint stock bank explained, “If you have a 3-year term, I think there is a quota, but if you buy a 5-year term, you probably won't have a quota on the weekend.” Currently, major state-owned banks are capped at 1.6% for 5-year deposit certificates, and the initial purchase amount is 200,000 yuan; interest rates for similar products in joint stock banks can reach up to 1.8%, both of which are higher than interest rates for ordinary time deposits for the same period. The industry believes that this return to 5-year large deposit certificates does not represent the full liberalization of long-term deposit products; it is more a phased and structured savings collection strategy adopted by banks under multiple factors. For ordinary savers, experts suggest combining length and length and hierarchical layout to find a balance between steady value preservation and flexible turnover.