The weapon of attracting deposits quietly removed, small and medium-sized banks bid farewell to the path of relying on "high-interest deposits".

"Our bank's long-term fixed-term deposits have been out of quota for a long time. Currently, the longest term deposit product you can purchase is a one-year fixed-term deposit with an annual interest rate of 1.75%. If there are any activities related to long-term fixed-term deposits in the future, I will notify you." On June 15, a staff member from Jilin Yilian Bank told a reporter from China Securities News. Since 2026, medium and long-term fixed-term deposits, which were once seen as a tool for small and medium-sized banks to attract deposits, are experiencing large-scale removal. According to research by reporters, currently, many private banks such as Beijing Zhongguancun Bank, Jilin Yilian Bank, and Weihai Lanhai Bank do not have three-year or five-year fixed-term deposits for sale. Some banks periodically put up two-year fixed-term deposits for sale in limited quantities. Under the dual pressures of continuously narrowing net interest margins and strict regulation, small and medium-sized banks are bidding farewell to the path dependence of "attracting deposits with high interest rates," and a deep structural adjustment focusing on the liability side has already begun.