Four seas network news, the bank staged a deposit war, a number of banks increased the interest rate of large amount certificates of deposit, the highest rate is 55% higher than the benchmark interest rate, come to see which bank is more cost-effective to put money in? Why the interest rate of large amount certificates of deposit will soar? Let's see.
When it comes to bank 'deposit wars', people around the age of 50 may vaguely remember.
From the late 1980s to the early 1990s, with the increase of banking institutions, in order to expand the source of funds and increase the scale of loan, blind pursuit of benefits, state-owned professional banks and other banking institutions repeatedly staged a battle for deposits, which became the main source of financial chaos at that time.
Banks scrambled to carry out a deposit war by increasing deposit interest rate in disguised form, which led to serious financial problems such as mutual relocation of deposits among banking institutions, substantial increase of capital organization cost, disturbance of normal deposit market order, etc., which became the most headache and thorniest problem for the regulators at that time, and also an important manifestation of extensive operation of banks.
Later, with the joint-stock reform of banks, the gradual standardization of operation and management, and the strengthening of financial supervision, the chaos gradually disappeared, far from the public's view.
To this day, the "deposit war" of banks is staged again. Many banks have raised the deposit rate of large certificates of deposit. Let's see which bank is more cost-effective?
At the end of March this year, when we visited the state-owned banks in Beijing, we found that except for the short-term fixed deposit rates of the Bank of China, the highest floating range of the deposit rates of other large banks is between 20% and 30% on average, and the fixed deposit rates of some small and medium-sized banks are more than 40% higher than the benchmark interest rates.
Now less than a month later, another visit to the survey found that the interest rates of major banks in term deposits have not changed much, but recently many banks have increased the interest rates of large certificates of deposit.
Among them, China Construction Bank took the lead in launching a large deposit certificate with an interest rate of 45% higher than the benchmark interest rate. The starting amount of subscription is 300000 yuan and the term is one year.
Subsequently, the Agricultural Bank of China, the Bank of China and the industrial and Commercial Bank of China also launched a large amount deposit receipt with an interest rate of 45% higher than the benchmark interest rate, with a starting amount of 300000 yuan.
China Merchants Bank, China CITIC Bank and Industrial Bank launched large amount deposit certificates of 500000 yuan and 1 million yuan respectively, with the interest rate rising 45% and 50% respectively compared with the benchmark interest rate.
In addition, some urban commercial banks' lead 'the interest rate market with relatively high interest rates, with the highest 52% higher than the benchmark.
A city commercial bank's customer manager said that the bank's fixed deposit rate itself is higher than other banks, and the current fixed deposit rate has not changed. However, the number of large certificates of deposit in 200000 cases rose by 52% in all respects.
It is worth noting that in some second and third tier cities, some banks have not only increased deposit interest rates significantly, but also increased the interest rates of large certificates of deposit.
Among them, some urban commercial banks in Xinghua City, Jiangsu Province, raised the interest rates of fixed-term deposits by 30% before the reduction. After this reduction, we found that the corresponding fixed-term deposit interest rates rose 45% after calling the bank outlets. However, the increase of CDs is even greater. Before the reduction, the interest rates of deposits of all maturities rose by 45%, and after the reduction, they all rose by 55%.
At the same time, some banks in Shenyang, Liaoning Province, have raised the interest rate of one-year deposits. Among them, the one-year fixed deposit interest rates of one agricultural commercial bank in Shenyang and one urban commercial bank in Liaoyang are 4.05% and 3.6% respectively, which are much higher than those of large amount certificates of deposit in Beijing, with an upward floating proportion of 170% and 140% respectively.
In Hubei Province, the one-year deposit rate of some city commercial banks reached 2.94%, 96% higher than the benchmark rate. At the same time, the bank recently increased the interest rate of individual large amount certificates of deposit, among which the interest rate of three-year large amount certificates of deposit was increased from 3.99% to 4.26%, and after the increase, the interest rate was about 55% higher than the benchmark interest rate.
The editor also calculated an account for you: if you invest 200000 yuan to buy a one-year large amount deposit certificate, the interest will be increased by 2.175% of 45%, and the income will be about 4350 yuan. If the 200000 yuan is put into one-year fixed deposit, the interest rate is 1.75%, and the income is 3500 yuan, the difference between the two income is 850 yuan.
Why does the interest rate of bank's certificates of deposit soar?
The key reason lies in the meeting held by the members of the self regulatory mechanism of market interest rate pricing on April 12, which discussed the issue of liberalizing the self regulatory upper limit of deposit interest rate of commercial banks. This is recognized by the market as further reform of interest rate liberalization.
However, the banks and analysts interviewed generally believed that the adjustment of the deposit interest rate ceiling would never be in place in one step, but gradually liberalized by region, bank type and batch.
'too fast rise of deposit interest rate will promote the rise of loan interest rate, so as to further improve the financing cost of enterprises. From the perspective of overall risk control and deleveraging as the main line of regulatory guidance, the time for complete liberalization is not necessarily mature, and the government may be more inclined to & lsquo; stability & rsquo;. "Said a senior executive of Shenzhen Branch of the bank.
Although the listing interest rate of ordinary deposits did not move, after the meeting on April 12, some banks quickly issued certificates of deposit with different maturities, and generally increased the interest rate of certificates of deposit.
China's big banks are the fastest to respond. The floating range of the interest rate of large certificates of deposit is 45% - 50% higher than the benchmark interest rate; the floating range of stock banks and urban commercial banks is 50% - 52%; the floating range of agricultural commercial banks is 52% - 55%.
Bank analysts believe that because the ordinary deposit interest rate has not moved, only the interest rate of large certificates of deposit has been raised, which has a very limited impact on the actual cost of liabilities and interest margin of banks.