Several banks have officially announced to cut the maximum deposit interest rate by 25 basis points _ New Financial Network
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Several banks have officially announced to cut deposit interest rates by a maximum of 25 basis points

As of September 1, several banks have updated the RMB deposit reference interest rate table on the official website, and lowered the listing interest rate of medium and long-term fixed deposits by a maximum of 25 basis points. Among the large state-owned banks, Agricultural Bank of China (01288) and Industrial and Commercial Bank of China (01398) lowered the listing interest rate of one-year fixed deposits by 10 basis points to 1.55%, two-year deposits by 20 basis points to 1.85%, and three-year and five-year deposits by 25 basis points to 2.2% and 2.25% respectively. Bank of China (03988) adjusted by 10-25 basis points.


(Data picture)

Among joint-stock banks, CITIC Bank (00998), Everbright Bank (06818), China Merchants Bank (03968), Zheshang Bank (02016), Bohai Bank (09668), Minsheng Bank (01988), Industrial Bank (601166. SH), Ping An Bank (00000 1. SZ) and Hengfeng Bank also made adjustments.

The latest reference interest rate table of RMB deposits of each bank is as follows (in no particular order):

Industrial Bank

Screenshot of Industrial Bank

CITIC Bank


Screenshot of CITIC Bank

Everbright Bank

Screenshot of Everbright Bank

Minsheng Bank


Screenshot of Minsheng Bank

Zheshang Bank

Screenshot of Zheshang Bank

Ping An Bank

Screenshot of Ping An Bank

Bank of China

Screenshot of Bank of China

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