Small and medium-sized banks' deposit interest rates generally enter the "1" era

GateUser-bd883c58 · 2026-04-07T00:20:02+00:00

Dozens of small and medium-sized banks in Xinjiang, Yunnan, Heilongjiang, and Nanjing have lowered deposit interest rates to below 2%, entering the "1" percent era. This move aims to optimize liquidity and liability costs, reflecting the downward trend in market interest rates, but it impacts residents' savings returns.

GateUser-bd883c58

2026-04-07 00:20:02

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Jiemian News reported on April 6 that since March, dozens of small and mid-sized banks, including Xinjiang Bank, Yunnan Yuanjiang Beiyin Rural Commercial Bank, Heilongjiang Youyi Rural Commercial Bank, Nanjing Pukou Jingfa Rural Town Bank, and others, have collectively cut their posted deposit rates.

Among them, the interest rates for 2-year, 3-year, and 5-year fixed-deposit products have generally fallen to below 2%, officially entering the “1” handle interest-rate era.

This rate adjustment reflects the banking system’s further optimization of liquidity and funding costs, and also shows the continuation of the current market interest-rate downward trend. The related adjustments have been posted one after another on the websites of the banks and at their branches, and did not involve any simultaneous changes to lending rates. Industry analysis believes that this move can help ease pressure on banks’ net interest margins, but will have a certain impact on residents’ savings returns.

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