Many small and medium-sized banks have announced cuts in deposit interest rates

On June 17, this year, the "interest rate cut tide" of banks has continued, and many small and medium-sized banks have joined the camp of lowering deposit interest rates one after another. In the last month, small and medium-sized banks in Guangdong, Guangxi, Henan, Hubei, Guizhou, Harbin, Shanxi, Shenzhen and other places have adjusted their deposit listing interest rates, with a decrease of up to 60 basis points. The reporter noticed that after several rounds of "interest rate cuts" in the past two years, time deposits with interest rates above 3% have been hard to find. However, from the perspective of the interest rate level of small and medium-sized banks after the reduction, they still have certain advantages over large state-owned banks and joint-stock banks.