Starting April 1, multiple banks will lower the listed interest rates for certain deposits, with short-term products becoming the focus.

At the beginning of the second quarter, many banks once again adjusted their listed interest rates for RMB deposits, with short-term deposit products becoming the focus of this round of adjustments. The reporter noted that several banks, including Xiamen Bank and Fujian Haixia Bank, recently announced that starting April 1, they would lower the listed interest rates for some fixed-term deposits. Unlike previous rounds of adjustments, this round mainly focuses on short-term products such as one-day and seven-day notice deposits, with rate cuts of up to 35 basis points, and some banks have reduced rates twice within a week. (Cailian Press)