紅星資本局4月10日消息，4月起，部分銀行調整存款產品利率。 

It is understood that the adjustment is mainly focused on two-year, three-year, five-year and other medium and long-term deposit interest rate products, and the interest rate of five-year deposit products of banks has dropped by 40 basis points. At the same time, after the adjustment, some banks have inverted interest rates on three-year and two-year deposit products.

Diagram IC

值得注意的是，4月以來，多地中小銀行也對存款利率進行了不同幅度的調整。包括廣西融水農商銀行、廣西資源農商銀行、廣東南澳農商銀行、江西江州農商銀行等。

In the context of the current pressure on the overall net interest margin of the banking industry, reducing the cost of liabilities is an important measure for banking institutions to stabilize interest margins. In the disclosure season of banks' annual reports, the management of many banks mentioned in the outlook for the trend of interest margins that they should strengthen cost control measures on the liability side and promote the reduction of deposit interest payment costs by optimizing the deposit structure.

A number of banks have recently announced "interest rate cuts" on deposits

Some banks "save for three years is better than save for two years"

It is worth noting that in this round of bank interest rate cuts, some banks have inverted two-year and three-year deposit interest rates.

例如，4月8日起，平安銀行某存款產品3年期利率下調40BP。有媒體從平安銀行理財經理處獲悉，該產品3年期存款利率由2.05%降至1.65%，下調40個基點。不過，該行近期在售三年期20萬起存的大額存單，年利率2.0%。而“平安存”兩年期定存分為500元起、1萬元起兩檔，年利率分別為1.65%和1.70%。也就是說，存兩年比存三年的利率高。

A staff member of a Beijing branch of Shanghai Pudong Development Bank said that from 100, the three-year annual interest rate of the bank's characteristic time deposit "An Xiang Win" was reduced from 0.0% to 0.0%, a reduction of 0 basis points.

除了上述全國性股份制銀行，4月起，部分中小銀行也下調了存款產品利率。安徽新安銀行發佈公告稱，該行於4月4日對存款產品執行新的利率政策。調整后，兩年、三年存款利率分別為2.65%、2.60%，分別下調15個基點、20個基點。一年期、六個月、三個月定期存款利率維持不變。該行同樣出現兩年期、三年期存款利率倒掛的情況。 

The picture is based on the WeChat account of Xin'an Bank

武漢眾邦銀行發佈公告表示，該行於4月1日起分別調整大額存單三年期、五年期存款利率，調整后分別為2.4%和2.5%。與此前對比，兩期限品種分別下降20個基點和40個基點。

In addition, Guangxi Rongshui Rural Commercial Bank, Guangxi Resources Rural Commercial Bank, Guangdong Nanao Rural Commercial Bank, Jiangxi Jiangzhou Rural Commercial Bank, Jiangxi Lushan Rural Commercial Bank and other rural commercial banks have also recently issued announcements on adjusting the listed interest rate of RMB deposits.

What is the trend of future deposit rates?

A number of banks "stated": strengthen the control of debt costs

The State Administration of Financial Supervision previously disclosed that in the fourth quarter of 52, the net interest margin of China's commercial banks fell to 0.0%. For banking institutions, in order to stabilize interest margins, in addition to optimizing asset allocation to achieve income increase, it is also necessary to control the cost of liabilities. A number of banks mentioned in an institutional survey that they will further optimize the term structure of deposits to improve the cost of deposit interest payments.

During the disclosure season of banks' annual reports, the management of many banks also responded to issues related to the control of debt costs at the performance briefings.

For example, Ji Guangheng, president of Ping An Bank, said: "Ping An Bank must withdraw from the high-cost ranks and return to the low-cost ranks on the retail liability side this year. ”

The management of IB believes that the key to stabilizing interest margins lies in reducing the cost of debt. Lin Shu, general manager of the Planning and Finance Department of Industrial Bank, mentioned that according to the bank's current asset structure, there is still room for the deposit interest payment rate to decline by 20 bps.

Hou Bo, assistant to the president of Zheshang Bank, said at the bank's performance meeting: "The scale of high-cost liabilities with a maturity of more than three years on the liability side will be higher this year than last year, which will also help stabilize interest margins." ”

Looking forward to the next stage, Yao Mingde, vice president of ICBC, said at the bank's 2025-year performance meeting that in 0 years, ICBC will strive to improve the level of risk pricing, implement the cost management of full-caliber liabilities, put an end to "involution" competition, actively optimize the term structure and variety structure, and at the same time improve the ability and level of customer service, so that the proportion of liquidity funds and settlement funds will continue to increase, so as to achieve a win-win situation for the development of the bank and social benefits.

Sheng Liurong, chief financial officer of CCB, said that in 2024 years, CCB mainly focused on two ends, not only effectively controlling deposits with a maturity of more than three years and some other deposits with relatively high interest payment rates, but also vigorously absorbing low-cost high-value deposits, and effectively controlling the cost of liabilities through the optimization of the debt structure. Sheng Liurong said that in the next step, CCB will further strengthen the optimization of the structure of assets and liabilities and the pricing management of deposits and loans.

According to the open source securities research report, the repricing of high-interest fixed deposits is the main support for the improvement of bank deposit costs in 2025 years, and even if the deposit interest rate is lowered, the disintermediation effect will be weaker than in previous years. First, the yield of wealth management also tends to decline with the maturity of high-interest deposits and the rectification of trust channels; Second, if small and medium-sized banks can reduce their self-discipline in a unified manner, and reduce products such as "manual interest supplement" and "special deposits", most customers may passively accept them, which can also reduce the debt pressure of large banks.

Editor: Xiao Shiqing synthesizes China-Singapore Jingwei and Daily Economic News

(Download Red Star News, there are prizes for reporting!) ）