Deposit interest rates across the board plunge: Interest rates for large-sum deposits for 5 years experienced a rapid decline.

On June 19, the Rong360 Digital Technology Research Institute released the May bank deposit interest rate report. The data shows that fixed deposit interest rates have generally declined, and medium to long-term interest rates have entered the "1 era" with severe inversion of the average rates for 3-year and 5-year fixed deposits. The report collected, monitored, and analyzed deposit interest rates from 689 branch outlets of 82 banks in 36 key cities in China. Specifically, in terms of branch fixed deposit rates, the data shows that in May, the average interest rate for 3-month fixed deposits was 1.004%, 6-month deposits was 1.212%, 1-year deposits was 1.339%, 2-year deposits was 1.428%, 3-year deposits was 1.711%, and 5-year deposits was 1.573%.