According to Jinshi data reports, on May 20, many banks including ICBC, BOC, and CCB have successively lowered the interest rates for demand deposits, time deposits, and notice deposits. As the trend of interest rate cuts on bank deposits continues, large time deposit products, which were once regarded as tools for attracting deposits, are gradually losing their appeal.
Recently, while many banks have lowered the interest rates on time deposits, they have also simultaneously reduced the interest rates on large time deposit products. Currently, large time deposit products are about to fully enter the '1 era'.