Ultimate inversion appears again! Small and medium-sized banks are experiencing the phenomenon of "storing money for 5 years is not as good as storing money for 1 year" for the first time.

The Fumin Village Bank in Korla, Xinjiang announced on its official WeChat account on the 12th that it would adjust certain RMB personal deposit rates starting from that day. After the adjustment, the 1-year deposit rate is now higher than the 5-year deposit rate. This means that after the phenomenon of "it's better to deposit for 1 year than 5 years" appeared at China Merchants Bank at the beginning of the year, the extreme rate inversion phenomenon has once again appeared, this time for the first time in a small and medium-sized bank. On the morning of May 13th, a reporter called the bank as a depositor to inquire about the matter, and a bank staff member confirmed that the deposit rate had been adjusted, with the 1-year rate now higher than the 5-year rate. The staff emphasized that this adjustment was the bank's independent action, and that the interest rate situation at other banks in the local market is not the same.