Lates News

A new round of interest rate cuts on deposits is approaching. Many banks, including ICBC, Bank of China, and China Construction Bank, have lowered the interest rates on various products such as current deposits, fixed deposits, and notice deposits. As the trend of deposit interest rate cuts continues, large-denomination deposit products, once considered a "weapon for attracting deposits," are gradually losing favor. Recently, several banks have simultaneously lowered the interest rates on large-denomination deposit products while adjusting the rates on fixed-term deposits. Currently, large-denomination deposit products are entering the "era of 1 percent."