Since this year, it has been mainstream in the industry for small and medium-sized banks to continue to lower deposit interest rates, but recently this situation seems to have taken a new trend. At noon today, Hubei Zaoyang Agricultural Commercial Bank issued an announcement stating that interest rates for various deposit products, including three-year fixed deposits, will be raised from now on, with a maximum increase of 20 basis points. The reporter's inquiry revealed that in some provinces such as Hubei and Guangdong, a number of small and medium-sized banks have recently bucked the trend and raised deposit interest rates. According to industry insiders, this phenomenon may be related to the recent renewal of 5-year large deposit cards by the four major banks, but whether it means that the trend of interest rate cuts by small and medium-sized banks is reversed remains to be observed.

Since this year, it has been mainstream in the industry for small and medium-sized banks to continue to lower deposit interest rates, but recently this situation seems to have taken a new trend. At noon today, Hubei Zaoyang Agricultural Commercial Bank issued an announcement stating that interest rates for various deposit products, including three-year fixed deposits, will be raised from now on, with a maximum increase of 20 basis points. The reporter's inquiry revealed that several small and medium-sized banks have recently bucked the trend and raised deposit interest rates in some provinces such as Hubei and Guangdong. According to industry insiders, this phenomenon may be related to the recent renewal of 5-year large deposit cards by the four major banks, but whether it means that the trend of interest rate cuts by small and medium-sized banks is reversed remains to be observed.