Several small and medium-sized banks have entered the "1 era" in deposit interest rates.

After the People's Bank of China implemented the reserve requirement ratio cut and interest rate cut policy on May 7, many small and medium-sized banks, including commercial banks in Hami City, rural cooperatives in Liaocheng, and rural banks in Hailun Huifeng, quickly responded by lowering their deposit interest rates. Among them, the interest rates of some banks' long-term fixed-term deposit products have dropped below the 2% mark, marking a shift for most small and medium-sized banks' fixed-term deposit rates into the "1 era".