As the Spring Festival approaches, many banks are raising their deposit interest rates.

"At present, new incoming funds are deposited in a three-year fixed deposit, with an interest rate of up to 1.95%. It just started a few days ago, with an increase of about 10 basis points compared to before," the wealth manager of a Ningbo Bank branch in Beijing told the reporter. Recently, the reporter visited and called multiple banks to learn that as the Spring Festival approaches, many banks are introducing special deposit and large sum deposit products, with temporary increases in deposit interest rates."