Recently, new changes have been added to the large deposit certificate market, and large deposit books with an annualized interest rate of 2% have returned to the market. The reporter noticed that several banks, including Xishang Bank and Bank of Handan, have recently issued new announcements stating that they will launch a 3-year personal large deposit slip with an annualized interest rate of 2%, starting at 200,000 yuan. This means that after a period of silence, deposit products with interest rates “in the beginning of 2” appeared again in the market. Since August, small and medium-sized banks in Hubei, Guangdong and other places have bucked the trend and raised deposit interest rates. Even earlier, five-year deposits were re-listed by many banks. According to the industry, what is behind the actions of some banks, such as re-listing large deposit certificates this time, is not simply a return to “high interest” savings competition, but rather a response to savings collection behavior in the face of challenges such as concentrated expiration of time deposits and rising demand for capital reallocation.

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