Private banks have lowered interest rates more than 40 times this year, and special forces of deposits are gradually fading away from the market.

In recent times, the long-silent topic of "deposit commandos" has once again become hot on various social media platforms. However, this time people are no longer discussing inter-provincial deposits, but rather the fact that "deposit commandos" are on the verge of disappearing. "With the current interest rate levels, there is really no need for inter-city deposits, as the transportation costs cannot be recovered," wrote a depositor on a social media platform. Under the pressure of continuously declining net interest margins, after the first quarter's "grand opening" activities, the banking industry as a whole has entered a channel of deposit rate cuts.