Banks are the financial institutions that we have the most contact with, so what is the deposit listing interest rate? Analysis of listing interest rate of demand deposits? Bian Xiao has prepared the relevant contents of deposit listing interest rate for everyone. Welcome to read the reference! I hope it will help everyone!
The six major banks refer to the six state-owned banks, including China Bank, China Industrial and Commercial Bank, China Agricultural Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications.
? China's six largest banks are comprehensive large-scale commercial banks with a wide range of businesses, representing the most abundant capital and strength in China's financial sector.
Bank of Communications: Bank of Communications was established in 1908 and is one of the oldest banks in China in modern times.
Bank of China: Bank of China, founded in 19 12, is one of the four largest banks in China.
Agricultural Bank of China: Agricultural Bank of China was established in 195 1 and is one of the four largest banks in China.
China Construction Bank: China Construction Bank, founded in 1954, is one of the four largest banks in China.
Industrial and Commercial Bank of China: Industrial and Commercial Bank of China, founded in 1984, is one of the four largest banks in China.
China Postal Savings Bank: PSBC was established in 2007 and is the fifth largest bank in China.
In June 2023, the six major banks updated the list of RMB deposit interest rates in official website, and the interest rates of demand deposits and time deposits were lowered.
Current deposit: the annual interest rate is 0.2%.
Lump sum deposit and lump sum withdrawal: three months 1.25%, six months 1.45%, one year 1.65%, two years 2.05%, three years 2.45% and five years 2.5%.
Deposit withdrawal: one year 1.25%, three years 1.45%, five years 1.45%.
Among them, the listed interest rates of postal time deposits for 6 months and 1 year have not been adjusted, and they are still 1.46% and 1.68% respectively.
On the same day, the deposit listing rate was lowered.
On June 8, the six major banks updated the listing interest rate of RMB deposits on the same day.
Specifically, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications have the same deposit listing rates: demand deposits are 0.2%, down 5 BP from before; The interest rates of two-year and three-year time deposits (lump sum deposit and withdrawal) are 2.05% and 2.45%, respectively, which are lowered by 10 BP and 15 BP respectively. The listing interest rate of 5-year time deposit is 2.5%, which is lower than before 15 BP.
It is worth noting that the listed interest rates of three-month, six-month and one-year (lump-sum deposit and withdrawal) time deposits of ICBC, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications are 1.25%, 1.45% and 1.65% respectively, and have not been adjusted.
"This decline is long-term. In two or three years, other short-term ones have not fallen." The manager of a branch of ICBC Shenzhen told the reporter.
The reporter noted that at present, the six-month and 1 year (lump-sum deposit and withdrawal) regular listing interest rates of the Postal Savings Bank are slightly higher, which are 1.46% and 1.68% respectively, and the remaining term interest rates are consistent with the above five major banks.
It is understood that at present, the deposit interest rate of some banks will rise to a certain extent relative to the listing interest rate. The manager of a branch of Bank of Communications in Shenzhen said that the interest rate of the bank's three-year time deposit in Shenzhen could rise to 3.05%.
"Our ICBC has a listing interest rate, and we will have a certain fluctuation in the listing interest rate." The staff of a branch of ICBC in Shenzhen said that at present, the highest interest rate of the bank's three-year deposit is 2.9%. "The deposit amount will be divided, and the interest rate will be 2.9% when it reaches 300,000 yuan, and 2.85% when it reaches 654.38+ 10,000 yuan."
The reporter also noted that the current interest rates of stock banks and city commercial banks have not been lowered. For example, the current interest rate of Industrial Bank Shenzhen Branch's 3-year time deposit products is 3.25%, and the current interest rate of 5-year time deposit products is 3.3%. The initial deposit amount of the above two products is 6,543.8+0,000 yuan.
Is there any room for the deposit interest rate to fall?
It is just nine months since the last round of interest rate adjustment of state-owned banks, and it is also the second time that state-owned banks have lowered deposit interest rates since last year.
On September 15 last year, the six major banks collectively adjusted the interest rates of several varieties, including demand deposits and time deposits, of which demand deposits were lowered by 5 BP; Three-year lump-sum deposit and withdrawal are lowered by 15BP, that is, to 2.6%; The rest of the term is lowered 10BP.
According to the previous situation, the trend of interest rate cuts will spread to small and medium-sized banks, local city commercial banks and rural credit cooperatives.
Nanhua futures's research report points out that, for the purpose, on the one hand, the net interest margin of the current banking system has been extremely compressed. According to the data given by the China Banking Regulatory Commission, the net interest margin of commercial banks has been reduced to 1.74% in the first quarter, a record low, and the downward cost on the debt side can greatly improve bank operations.
On the other hand, at present, the pressure of steady growth is great, and the transfer of deposit interest rate to loan interest rate can better reduce the financing cost of entity enterprises. Combined with the recent "salary restriction" storm in the financial industry, the essence behind it is to urge the financial industry to make profits to entities.
"But from the short-term impact, the spontaneous adjustment of deposit interest rates has limited impact on the market, and this time will be no exception. Among the two reasons mentioned above, the effect of deposit interest rate adjustment on protecting net interest margin is obviously more obvious, and the impact on the market is relatively indirect and limited. "
In addition to RMB deposits, it is reported that the interest rate of US dollar time deposits will also be lowered. According to donghai securities Research Report, both domestic and foreign currency deposit interest rates will be lowered at the same time, which will be encouraged at home and abroad.
Domestically, domestic consumption is weak, bank spreads are under pressure, and the trend of deposit regularization continues.
Overseas, on the one hand, the interest rate of RMB deposits has been lowered many times, but the interest rate of US dollar deposits has been rising during the Fed's interest rate hike. The interest rate of one-year dollar large deposit rose rapidly from 1.28% in 22 years to 5.67% in March 2023. On the other hand, the RMB has been depreciating against the US dollar recently. The onshore RMB against the US dollar broke from 6.72 on February 2 to 17 in May and closed at 7. 12 on June 6.
What's the deposit listing interest rate?
The East China Sea Research Report estimates that the industry debt cost can be delayed by more than 3.5bp: assuming that all banks in the market implement this downward adjustment, the downward adjustment of RMB deposits is expected to be delayed by 3. 17bp, and the profit will increase by about 2.9%. State-owned banks and rural commercial banks benefit relatively more, among which state-owned banks benefit from a high proportion of demand deposits, while rural commercial banks benefit from a high proportion of time deposits of more than one year. The interest rate of US dollar deposits is expected to slow down by 0.6bp, and the scale of US dollar deposits in state-owned banks and joint-stock banks is relatively large, benefiting relatively more.