Multiple banks have reduced the interest rates of large-denomination certificates of deposit to the "1-digit" level.

A new round of interest rate cuts on deposits is approaching, with many banks such as ICBC, Bank of China, and China Construction Bank lowering interest rates on various products including current deposits, fixed deposits, and notice deposits. With the continuation of the trend of deposit interest rate cuts by banks, large-denomination deposit products, once seen as a "tool for attracting deposits", are gradually falling out of favor. Recently, many banks have simultaneously lowered interest rates on large-denomination deposit products while adjusting fixed deposit rates. Currently, large-denomination deposit products are about to enter the "era of 1%".