Recently, new changes have been added to the large deposit certificate market, and large deposit books with an annualized interest rate of 2% have returned to the market. The reporter noticed that several banks, including Xishang Bank and Bank of Handan, have recently issued new announcements stating that they will launch a 3-year personal large deposit slip with an annualized interest rate of 2%, starting at 200,000 yuan. This means that after a period of silence, deposit products with interest rates “in the beginning of 2” appeared again in the market. Since August, small and medium-sized banks in Hubei, Guangdong and other places have bucked the trend and raised deposit interest rates. Even earlier, five-year deposits were re-listed by many banks. According to the industry, what is behind the actions of some banks, such as re-listing large deposit certificates this time, is not simply a return to “high interest” savings competition, but rather a response to savings collection behavior in the face of challenges such as concentrated expiration of time deposits and rising demand for capital reallocation.

Recently, new changes have been added to the large deposit certificate market, and large deposit books with an annualized interest rate of 2% have returned to the market. The reporter noticed that several banks, including Xishang Bank and Bank of Handan, have recently issued new announcements stating that they will launch a 3-year personal large deposit slip with an annualized interest rate of 2%, starting at 200,000 yuan. This means that after a period of silence, deposit products with interest rates “in the beginning of 2” appeared again in the market. Since August, small and medium-sized banks in Hubei, Guangdong and other places have bucked the trend and raised deposit interest rates. Even earlier, five-year deposits were re-listed by many banks. According to the industry, what is behind the actions of some banks, such as re-listing large deposit certificates this time, is not simply a return to “high interest” savings competition, but rather a response to savings collection behavior in the face of challenges such as concentrated expiration of time deposits and rising demand for capital reallocation.