“Three-year fixed deposit products with an interest rate of 2.2% were officially removed from the shelves on January 5, and interest rates for all fixed deposit products dropped by 20 basis points.” On January 6, a Sushang Bank marketer told reporters. At the beginning of the new year, interest rates on deposits in small to medium banks were intensively adjusted. The reporter's research found that in addition to the Soviet Commercial Bank, more than 10 small and medium-sized banks, including Wuding Xingfu Village Bank, Xuwen Agricultural Commercial Bank, and Shangnan Agricultural Commercial Bank, have recently issued deposit interest rate adjustments. It is worth noting that unlike the previous one-size-fits-all interest rate cuts, the recent deposit interest rate adjustments of small and medium banks showed the characteristics of “rising and falling” and “varying in length.” Industry insiders believe that the general trend of declining deposit interest rates has not changed, and more and more small and medium-sized banks are flexibly adjusting debt costs and term structures according to their own business conditions and taking the initiative to carry out detailed management.

“Three-year fixed deposit products with an interest rate of 2.2% were officially removed from the shelves on January 5, and interest rates for all fixed deposit products dropped by 20 basis points.” On January 6, a Sushang Bank marketer told reporters. At the beginning of the new year, interest rates on deposits in small to medium banks were intensively adjusted. The reporter's research found that in addition to the Soviet Commercial Bank, more than 10 small and medium-sized banks, including Wuding Xingfu Village Bank, Xuwen Agricultural Commercial Bank, and Shangnan Agricultural Commercial Bank, have recently issued deposit interest rate adjustments. It is worth noting that unlike the previous one-size-fits-all interest rate cuts, the recent deposit interest rate adjustments of small and medium banks showed the characteristics of “rising and falling” and “varying in length.” Industry insiders believe that the general trend of declining deposit interest rates has not changed, and more and more small and medium-sized banks are flexibly adjusting debt costs and term structures according to their own business conditions and taking the initiative to carry out detailed management.