Personal time deposit interest rate will also be adjusted dynamically?

On November 30, the National Market Interest Rate Pricing Self-discipline Mechanism recently issued the "Proposal on Introducing" Interest Rate Adjustment Miscellaneous Provisions "in Deposit Service Agreements, requiring banks to include" interest rate adjustment miscellaneous provisions "in deposit service agreements signed with customers, effective from December 1, 2024. There is a misreading of this clause in the market, that is, if the deposit listing interest rate is reduced, then the previously deposited 3-year and 5-year time deposit interest rates will also be reduced. According to the reporter's verification, industry insiders have learned that this is not the case. < b > The "deposit service agreement" referred to in this initiative refers to the valid written materials involving the deposit interest rate before the deposit of public customers' deposits, including quotations, relevant bidding documents, service agreements, commitment letters and pricing lists. The "Initiative" is aimed at the change in the interest rate of incremental funds deposited by public customers under long-term contracts, which has nothing to do with the common people .