According to Jinshi, currently, large-denomination certificates of deposit are "hard to come by", and time deposits with an annual interest rate of more than 3% are almost extinct. Minsheng Bank and China Merchants Bank announced that they would stop selling large-denomination certificates of deposit with a term of six months or more. Small and medium-sized banks have also joined the army of deposit "interest rate cuts". High-interest deposit-raising tools such as manual interest supplements, notice deposits, and medium- and long-term large-denomination certificates of deposit have all ushered in adjustments. Behind the disappearance of high-interest deposits is the "difficult sutra" of bank liability management. Industry insiders believe that the net interest margin of banks will continue to decline this year, but the decline will gradually narrow. Considering the needs of the macro economy, there is still room for deposit interest rates to fall. Combined with the timing factors and the previous deposit interest rate cuts, the state-owned banks generally cut deposit interest rates in May and September each year.