Many small and medium-sized banks have adjusted their deposit interest rates.

Starting from April 1st, our bank will adjust the deposit interest rates of mobile banking, with the interest rates for three-year and five-year fixed deposits both adjusted to 1.8%, which is 20 basis points lower than the current rates," a staff member of Xi'an Bank told reporters on March 28th. Recently, reporters have learned that the end of March saw many banks in Jiangsu, Jilin, Fujian, Sichuan, and other regions starting a new round of interest rate reductions, with deposit rates generally dropping to the "1" digit.