#broccoli All four major banks have lowered RMB deposit rates, with a maximum decrease of 25 basis points On May 20, the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all announced that they would lower RMB deposit rates, with a maximum decrease of 25 basis points. The current deposit rate was reduced by 5 basis points to 0.05%; the fixed deposit rates for three months, six months, one year, and two years were all reduced by 15 basis points, now at 0.65%, 0.85%, 0.95%, and 1.05%, respectively; the three-year and five-year rates were both reduced by 25 basis points, to 1.25% and 1.3%, respectively. Source: Eastmoney.com Deposit Rate Decrease