Stay more interest rates for two years?Three -year and 5 -year deposit interest rate backside: Bank reduction in comprehensive liabilities

In the bank deposit, the interest rate is unchanged for two years, and it may even be reduced.

On July 6, the reporter sorted out public information and found that many banks, including Industrial and Commercial Bank of China, Agricultural Bank, Bank of China, Bank of Communications, etc., with a three -year period of time deposit and 5 -year regular deposit interest rates flat or "inverted". In addition, some joint -stock banks also have a flat or "inverted" phenomenon of 3 -year deposit and 5 -year fixed deposit interest rates.

Zhou Maohua, a macro researcher at the Everbright Bank Financial Market Department, told reporters on the phone that the current interest deviation pressure of banks is relatively large. In the context of the bank's further benefit of the real economy, banks have the motivation to reduce the cost of liabilities and create space for the real economy. However, experts predict that the current financial and economic indicators will start to recover, and the overall reduction of banks will not be too large.

In addition, from the perspective of different banks, some banks have a 5 -year regular deposit listing interest rate of 3.15%, and there are also banks with the same bank, with a listing interest rate of only 2.75%. The differentiated pricing between banks also reflects the steady progress of the market -oriented reform of domestic deposit interest rates.

A number of banks with 3 -year and 5 -year deposit interest rates in a number of banks are flat

Deposit refers to the capital or currency that the deposit is temporarily transferred to the bank under the condition that the deposit reserves ownership. The theory of liquidity preferences believes that because people prefer the funds of short -term liquidity, the longer the deposit period, the higher the bank will pay a higher price to obtain the deposit, resulting in a longer deposit interest rate level with a longer period of deposit Essence

It is understood that domestic banks have rarely experienced interest rates in the past. However, the reporter recently found that some banks' three -year and 5 -year regular deposit interest rates have been flat or even "inverted", which is equal to or lower than the shorter deposit interest rate with a long period of time.

Taking Agricultural Bank as an example, on July 6, the reporter saw at the Agricultural Bank APP that the bank's 50 yuan deposit deposit deposit products, 3 months, 6 months, 1 year, 2 years, 3 years interest rates interest rates They are 1.35%, 1.55%, 1.75%, 2.25%, and 2.75%, respectively. On the whole, the longer the term and higher the income. However, the 5 -year deposit interest rate of the Agricultural Bank of China was the same as the 3 -year interest rate, both of which were 2.75%. The reporter inquired about mobile banking and found that Industrial and Commercial Bank and Bank of Communications are consistent with the Agricultural Bank.

In addition, Bank of China and Construction Bank's 5 -year regular deposit interest rate and 3 -year interest rate are "inverted". The Bank of China APP shows that the 3 -year fixed deposit interest rate of the bank is 3.15%, the 5 -year fixed deposit interest rate is 2.75%, and the 5 -year regular deposit interest rate is 0.4 percentage points lower than the 3 -year period.

In addition to regular deposits, some banks also have three -year and 5 -year interest rates in large amounts of deposits or "inverted". For example, the customer manager of Guangfa Bank stated on the phone that the bank's current 3 -year -old large -scale deposit bills have a interest rate of 3.45%, and the interest rate of 200,000 large deposit deposit interest rates from 5 years is 3.4%.

It is worth mentioning that the reporter also found that not all banks' 3 -year fixed deposit and 5 -year fixed deposit interest rates are flat or "inverted". The total deposit rate for bank deposits for 3 years is 3%, and the 5 -year interest rate is 3.15%.

Behind upside down: banks reduce comprehensive liabilities costs

"Three and 5 years of regular deposit interest rates have appeared 'inverted', which reflects that some banks have not demand for 5 -year long -term deposits and their preferences with relatively short deposit liabilities." Zhou Maohua told reporters that the interest rate inverted is mainly due to the domestic economy suffered from domestic and domestic domestic economy. Foreign factors affect exceptional expectations. Domestic guiding financial institutions further reduce the interest rate of real economic loan. Under this expectation, banks have the motivation to adjust the deposit period premium to optimize the liability structure and reduce long -term deposit high interest rates to reduce bank comprehensive liabilities cost.

According to the data, in January this year, LPRs above the 1 -year and 5 -year period were reduced by 10 and 5 basis points respectively; in May, more than 5 years of LPR reduced 15 basis points. It is understood that LPR downlink can drive the actual interest rate of enterprises' financing and promote the reduction of the cost of financing in the real economy.

When the loan interest rate has gradually declined, since the beginning of the year, the interest rate of deposits, especially the long -term interest rate, has also declined. In April of this year, there were reports that the market interest rate pricing mechanism held a meeting to encourage the upper limit of the interest rate of small and medium -sized banks to reduce the upper limit of 10 base points. Later, the reporter learned that many banks have lowered the three -year large -scale deposit interest rate.

However, the reporter also learned that some bank outlets can also rise conditionally on regular deposit interest rates. For example, the staff of the Bank of Communications in Shenzhen stated on the phone that if the three -year regular deposit and the customer's deposit amount is more than 50,000, the interest rate of 2.75%can be floated to 3.4%.

The difference in interest rate inverted and different bank interest rates also reflects the steadily advancement of market -oriented reform of domestic deposit interest rates. The autonomy of the pricing of commercial bank deposits is significantly enhanced, which is convenient for optimizing resource allocation.

It is understood that the central bank disclosed in the "China Monetary Policy Implementation Report in the first quarter of 2022" that it has guided the establishment of a market -oriented adjustment mechanism for deposit interest rates. The loan market interest rate represented by the period LPR reasonably adjusts the level of deposit interest rates.

Expert: The interest rate of the deposit will become stable

This year, the domestic and foreign environment is complicated and severe, and the stock market and wealth management products have been retracted, and the residents' willingness to deposit has also increased. According to the May financial statistics report released by the central bank, at the end of May, the balance of RMB deposits was 24.622 trillion yuan, a year -on -year increase of 10.5%, and the growth rate was 0.1 and 1.6 percentage points higher than the same period last month and the same period last year. In the first five months of this year, the cumulative increase in RMB deposits increased by 13.99 trillion yuan, an increase of 3.8 trillion yuan year -on -year.

The deposit products with stable income have naturally become hot products. On July 6, the ICBC and the customer managers of the Bank of China and the Bank of Communications told reporters on the phone that the bank's large deposit deposit quota was short of shortage, and even rely on grabbing.

In contrast to it, consumers' willingness to consume is declining. According to data from the National Bureau of Statistics, in May 2022, the total retail sales of social consumer goods decreased by 6.7%year -on -year. From January to May, the total retail sales of social consumer goods decreased by 1.5%year-on-year.

In this case, experts stated that some banks will not rule out that some banks have appropriately reduced long -term deposit interest rates.

"From the perspective of the trend, the domestic economy is now at a critical stage. In the future, we need to guide financial institutions to increase the reasonable benefit of the real economy and reduce the cost of financing of the real economy, especially for small and micro enterprises and private enterprises. To guide financial institutions to reasonably allow the real economy, the pressure of interest differences may further promote some banks to adjust the deposit interest rate. "Zhou Maohua said.

So how much is the space to reduce the long -term debt interest rate?

"The bank's overall reduction will not be too large." Zhou Maohua believes that the domestic policy is "forward". From the perspective of financial and economic data in April and May, the policy effect has been appeared. Coupled with the difficulty of voltage deposit interest rates itself, it is also limited to the reduction of deposit interest rates.

Data show that in May, RMB loans increased by 1.89 trillion yuan. Among them, medium- and long -term loans based on mortgage mortgage loans increased by 104.7 billion yuan, and medium- and long -term loans of enterprise (affairs) industry units increased by 555.1 billion yuan. "Although the year -on -year decrease is still decreasing, compared with April, it is obviously recovered." Zhou Maohua said that the PMI, industrial added value, retail consumption and other indicators in May are recovering. The pricing of the bank loan terminal will tend to be stable, and the interest rate of the deposit ends will tend to be stable.

Daily Economic News

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