Multiple private banks remove 3-year and 5-year fixed-term deposits

robot
Abstract generation in progress
Golden Finance reports that on June 2nd, according to Jiemian, Zhongguancun Bank recently announced that starting from May 30th, it has temporarily removed from sale the 3-year fixed deposit products for individuals and organizations.
A review shows that currently, many private bank apps have temporarily disabled the purchase of 5-year and 3-year fixed deposit products.
Specifically, Jilin Yilian Bank, Weihai Blue Ocean Bank, Hunan Sanzhuang Bank, Zhejiang Online Banking, Shanghai Huazui Bank, Jiangsu Sushang Bank, and Beijing Zhongguancun Bank apps are temporarily unable to purchase 5-year fixed deposit products, with Yilian Bank and Blue Ocean Bank showing the products as "sold out," while the other banks' apps do not display related products.
Additionally, Yilian Bank and Blue Ocean Bank apps are temporarily unable to purchase 2-year fixed deposit products, with the products showing "sold out"; Blue Ocean Bank and Huazui Bank apps cannot purchase 1-year fixed deposit products, with Blue Ocean Bank products showing "sold out," and Huazui Bank pages not displaying related products.
Industry insiders believe that the removal of high-interest-rate deposit products by private banks is related to the continuous decline in net interest margins, and removing medium- and long-term deposits can help control overall interest payout rates.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned