Large-sum bank deposit interest rates have entered the era of "single-digit" interest rates.

The interest rates of large-sum deposit certificates have entered the era of "single digits", and banks are starting a deep adjustment of their liabilities through a combination strategy of "shortening terms, setting high thresholds, and offering low rates". At the beginning of 2026, the first batch of products released by over 40 banks showed that interest rates for terms of less than 1 year generally fell below 1%, those for 3-year terms were mostly below 2%, and those for 5-year terms were almost extinct, while products with a starting deposit threshold of one million yuan quietly emerged. Industry experts pointed out that this structural change is the inevitable choice for the banking industry to adapt to the severe pressure of net interest margins persistently lower than 1.5%, in order to align with the declining financing costs of the real economy and achieve stable operations. Looking ahead to the whole year, experts generally believe that, under the dual effects of moderately loose monetary environment and continued pressure on bank interest rate spreads, the low operating interest rates of large-sum deposit certificates will become the norm, signaling a profound restructuring of the logic of household asset allocation and banks' liability management patterns.