China Merchants Bank cuts RMB deposit rates
2025-05-19 21:31:51
On May 20, China Merchants Bank cut the RMB deposit interest rate on May 20, of which the demand interest rate was reduced by 5 basis points to 0.05%; the regular deposit and withdrawal three-month, half-year, one-year and two-year periods were reduced by 15 basis points, respectively 0.65%, 0.85%, 0.95% and 1.05%; the regular deposit and withdrawal three-year and five-year periods were reduced by 25 basis points, to 1.25% and 1.3% respectively. The three terms of regular zero deposit and withdrawal, whole deposit and zero withdrawal, and deposit and interest were reduced by 15 basis points. The 7-day notice deposit interest rate was reduced by 15 basis points to 0.3%. < br > < img src = "https://flash-scdn.jin10.com/fcd9d274-5612-42de-9be2-eb6ac282dae8.jpg" referrerpolicy = "no-referrer" >
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