Some rural banks still offer long-term deposits with Intrerest Rate exceeding 3%.

Golden Ten Data reported on February 14 that recently, a number of village and township banks issued announcements on the adjustment of the Intrerest Rate of RMB deposits, lowering the Intrerest Rate of some time deposits. However, after the reduction, the Intrerest rate of 3-year and 5-year fixed deposits of many village and township banks is still higher than 3%. At present, the 1-year, 2-year, 3-year and 5-year intrerest rates of the six major state-owned banks are 1.1%, 1.2%, 1.5% and 1.55% respectively. Recently, on social platforms, the discussion of high-intrerest rate large-denomination certificates of deposit and cross-city deposits has continued to be hot. Many depositors shared their experiences of “cross-city deposits”. Some investors told reporters that the current deposit Intrerest Rate is generally declining, and the Intrerest Rate of more than 3% is rare, and the future will not hesitate to deposit across cities and even provinces.