"Open the red door" and attract deposits! Several small and medium-sized banks raise interest rates on fixed deposit accounts.

Reporters have found that in recent days, many small and medium-sized banks have raised their fixed deposit interest rates to attract deposits during the "New Year Sales" period. Industry insiders believe that the temporary increase in deposit rates by small and medium-sized banks is a short-term marketing strategy that may increase their costs on the liabilities side and add to their operational pressures. For example, Zuo Yun Rural Commercial Bank announced that it would adjust deposit rates starting from January 13, with the three-year and five-year fixed deposit rates increasing from 1.45% and 1.50% to 1.65% each. The latest deposit rates implemented by Baoying Rural Commercial Bank starting from January 13 show that the three-year fixed deposit rate for deposits of 500,000 yuan or more has been raised from 1.7% to 1.8%.