According to Jinshi Data on August 8, a new round of deposit interest rate cuts is still continuing, and many small and medium-sized banks have recently lowered their deposit interest rates.
This time, some small and medium-sized banks have significantly increased the adjustment of 3-year and 5-year fixed deposit rates, with the highest reduction reaching 80 basis points, far exceeding the reduction in deposit rates of various terms by large banks and joint-stock banks.
Judging from the previous rounds of deposit interest rate adjustments, the interest rates of local small and medium-sized banks will generally be higher than those of national commercial banks after the interest rate cuts. However, after this substantial reduction, the deposit interest rates of many small and medium-sized banks have also bid farewell to the "3" era.
