Foreign banks have also dropped to "3", and the "interest rate high" on dollar deposits is disappearing
2025-03-02 05:25:50
On March 2, following the intensive reduction of city commercial banks, many foreign banks such as Standard Chartered, DBS Bank, HSBC Bank, and Hengfeng Bank have also begun to cut their US dollar deposit interest rates one after another. The maximum annual interest rate has dropped to less than 3.5%. The last "interest rate highland" for US dollar deposits in mainland China is disappearing.
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