Many banks' annual interest rates on US dollar deposits have exceeded 3%.

As the end of July approaches, the market is closely watching the trend of USD fixed deposit rates in domestic banks ahead of the Fed's interest rate meeting. After visiting several banks, reporters learned that various institutions have recently increased their marketing efforts for USD fixed deposits and raised interest rates, with the highest annualized interest rate for USD fixed deposits exceeding 3%. A customer manager at Industrial Bank disclosed that the bank has recently intensified its promotion of USD fixed deposits and increased interest rates, with an annual interest rate of up to 3.2% for a 1-year USD fixed deposit of $8000 or more. When reviewing several banks' mobile banking apps, the reporters noticed that the annual interest rates for USD fixed deposits at many banks are above 3%.