Deposit interest rates fell below the "1" era, and savers switched to the "new three gold" allocation

On May 25th, in late May, six major state-owned banks collectively cut interest rates. One-year fixed deposits fell below 1% for the first time, and the demand interest rate was only 0.05%. In the past week, more than a dozen small and medium-sized banks have followed the pace of interest rate cuts by major banks and pushed the maximum fixed deposit interest rate below 1.7%. Some banks have lowered the interest rate of large-amount certificates of deposit simultaneously, and removed products with more than 2 years from the shelves. At present, the interest rate of large-amount certificates of deposit in major banks has not exceeded 1.4%. After some private banks lowered the interest rate, the maximum interest rate of large-amount certificates of deposit that can be purchased is only 1.65%. In the face of the era of low interest rates, young people have begun to look for "deposit substitution", and the "new three gold" allocation of "monetary funds + debt base + gold" has become a new favorite. According to data released by Ant Wealth, as of the end of April 2025, 9.37 million post-90s and post-00s had allocated Yu'ebao money funds, bond funds, and gold funds at the same time, and the "new three gold" wave continued to ferment.