An account manager of a branch of the Bank of Hangzhou in Dongcheng District, Beijing, said, “Our bank deposit interest rate has been raised. The interest rate for 3-year fixed deposits for new capital starting at 200,000 yuan is 1.9%, the interest rate for 3-year fixed deposits starting at 200,000 yuan is 1.8%; the interest rate for 3-year fixed deposits starting at 50,000 yuan is 1.75%, the 2-year fixed deposit interest rate starting at 50,000 yuan is 1.6%, and the 1-year fixed deposit interest rate starting at 50,000 yuan is 1.5%.” The 3-year fixed deposit interest rate for new funds starting at 200,000 yuan was raised by 10 basis points compared to the previous period, and implementation began in December. The reporter learned from research that similar to the Bank of Hangzhou, Bank of Ningbo and others have also recently raised interest rates on some deposit products. Industry insiders believe that some banks raised deposit interest rates as a phased act to collect savings.

An account manager of a branch of the Bank of Hangzhou in Dongcheng District, Beijing, said, “Our bank deposit interest rate has been raised. The interest rate for 3-year fixed deposits for new capital starting at 200,000 yuan is 1.9%, the interest rate for 3-year fixed deposits starting at 200,000 yuan is 1.8%; the interest rate for 3-year fixed deposits starting at 50,000 yuan is 1.75%, the 2-year fixed deposit interest rate starting at 50,000 yuan is 1.6%, and the 1-year fixed deposit interest rate starting at 50,000 yuan is 1.5%.” The 3-year fixed deposit interest rate for new funds starting at 200,000 yuan was raised by 10 basis points compared to the previous period, and implementation began in December. The reporter learned from research that similar to the Bank of Hangzhou, Bank of Ningbo and others have also recently raised interest rates on some deposit products. Industry insiders believe that some banks raised deposit interest rates as a phased act to collect savings.