There has been a marked shift in the interest rate pricing system for large deposit certificates from major state-owned banks. The premium space continues to shrink for large deposit cards that once had the advantage of interest rates to stabilize their status as a “storage artifact.” Currently, interest rates on large-value deposit products sold through online channels of many major state-owned banks are gradually moving closer to regular time deposits for the same period. Interest rates on many term products are at the same level as fixed deposits, and interest rates on some short-term products are even lower than ordinary fixed deposits. The reason for this is that the market generally believes that in a context where net interest spreads in the banking sector continue to be low and industry debt management is becoming more and more sophisticated, banks have begun to actively adjust deposit pricing strategies.

There has been a marked shift in the interest rate pricing system for large deposit certificates from major state-owned banks. The premium space continues to shrink for large deposit cards that once had the advantage of interest rates to stabilize their status as a “storage artifact.” Currently, interest rates on large-value deposit products sold through online channels of many major state-owned banks are gradually moving closer to regular time deposits for the same period. Interest rates on many term products are at the same level as fixed deposits, and interest rates on some short-term products are even lower than ordinary fixed deposits. The reason for this is that the market generally believes that in a context where net interest spreads in the banking sector continue to be low and industry debt management is becoming more and more sophisticated, banks have begun to actively adjust deposit pricing strategies.