Banks have raised interest rates on large certificates of deposit, some of which are up to 55%.

category:Society
 Banks have raised interest rates on large certificates of deposit, some of which are up to 55%.


The so-called fight for deposits is the rate sensitive deposit which is not too high, but it has little impact on the banks with good foundation of deposits and stable and stable customers. The large amount of deposit, in simple terms, is a mobile deposit, which is a large deposit certificate issued by a bank deposit type financial institution for a non financial institution investor, which can be transferred and pledged. In June 2, 2015, the peoples Bank of China announced the Interim Measures for the management of large deposit receipts. It is clear that the main issue of the large amount of deposit is the bank deposit financial institutions, including commercial banks, policy banks, rural cooperative financial institutions, and other financial institutions approved by the central bank. When the measures came into effect, only 9 banks could test water large deposit certificates. Up to now, the number of financial institutions that can issue large certificates of deposit has reached 543. After the recent rise in interest rates, the interest rate for large certificates of deposit is significantly higher than that of ordinary bank deposits. Take the 3 year large certificates of deposit as an example, the annual yield of state-owned banks is generally less than 4%, while the joint-stock banks are higher than 4.18%, and the agricultural banks are more than 4.26%. Compared with financial products and Monetary Fund, the interest rate level is not high. Moreover, the large deposit certificate is known as the big amount because its purchase threshold is relatively high. The starting point of the individual investors purchase of large deposits is 200 thousand yuan, the threshold of some banks is 300 thousand yuan, and the non financial institution subscribed the starting point for 10 million yuan, which keeps many investors out of the door. The interest rate of floating large certificates is related to the pressure of banks. From the aggregate perspective, the growth of bank deposits has indeed slowed down. At the end of 3, the growth rate of broad money (M2) increased by 8.2% compared to the same period last year, and fell to a low level again. The M2 growth rate in March was not as good as expected in the market, which was related to the weak growth of deposits. China Merchants Securities Macro Analyst Yan Ling believes that, on the one hand, in March, the growth of enterprise deposits is weak, the growth rate of the same year fell to a historical low, the growth rate of M1 fell to 7.1% significantly. On the other hand, the March financial deposit dropped by 480 billion 300 million yuan, down from 767 billion yuan in the same period last year and about 0.1 percentage points lower by M2. This means that the pressure on the bank is still not small. From the annual report of the listed bank in 2017, the scale of the deposit is also more obvious. The balance of the five large bank accounts is 32 trillion and 140 billion yuan, and the proportion of the household deposits is 49.93%. In the joint-stock banks, the most prominent one is the China Merchants Bank, with a personal savings balance of 1 trillion and 340 billion yuan. Last year, the 6 banks accounted for almost half of bank deposits. By contrast, the growth rate of some joint-stock banks is negative. Compared with these large and medium-sized banks, the pressure of small banks is more obvious. Therefore, the interest rate of floating large certificates of deposit is greater. Since last year, the banking industry has contracted significantly under the tight supervision of financial industry. In 2017, Xingye Bank, which had a large scale of interbank business, accelerated the reduction of interbank business and reduced the amount of non-standard assets by about 450 billion yuan. Since the first quarter of this year, the central bank has included MPA certificates in the interbank deposit certificates to further strengthen supervision. Compared with high cost interbank liabilities, the deposit rate is relatively low and has obvious advantages. Guoxin Securities analyst Wang Jian believes that in the case of shrinking interbank business, banks have to rely on deposits to expand their assets. In addition, the banking industry has greater pressure this year. In order to protect the interest rate, it also needs to get the liabilities as low as possible. But raising money by raising interest rates does not always work. One bank believes that raising the interest rate on large certificates of deposit is just a matter of keeping the market in line with the market. Ordinary deposits are not sensitive to interest rates, and most of interest sensitive funds have been transferred to financial management. Qiu Guanhua, chief banking analyst of Guotai Junan, said. A bank expert pointed out that we should not say that the debt shortage (deposit shortage), nor the shortage of assets, has always been the only shortage of capacity. Wang Jian believes that the so-called snatching deposit is the interest rate sensitive deposit that is not too high, and the bank that has a good base of deposit, more stable and more stable, is not affected too much. This is the fixed sea god needle in the deposit market. Wang Jian believes that the so-called deposit line is the essence of the clients establishment. To acquire customers, it depends on the all-round ability of products and services. Dai Zhifeng, China Thai Securities chief banking analyst, also said that more banks would devote major efforts to improving debt management and asset liability matching ability after strict supervision, and that deposit stability was more meaningful than the rapid increase in cost. Source: China Economic Net editor: Zhu Xiaodong _NBJS6126 A bank expert pointed out that we should not say that the debt shortage (deposit shortage), nor the shortage of assets, has always been the only shortage of capacity. Wang Jian believes that the so-called snatching deposit is the interest rate sensitive deposit that is not too high, and the bank that has a good base of deposit, more stable and more stable, is not affected too much. This is the fixed sea god needle in the deposit market. Wang Jian believes that the so-called deposit line is the essence of the clients establishment. To acquire customers, it depends on the all-round ability of products and services. Dai Zhifeng, China Thai Securities chief banking analyst, also said that more banks would devote major efforts to improving debt management and asset liability matching ability after strict supervision, and that deposit stability was more meaningful than the rapid increase in cost.