The annualized interest rate approaches 2%, and there is another wave of large fixed deposits being intensely sold at the end of the quarter.
On the afternoon of September 13, the Shandong branch of Bank of Communications recommended large-amount certificates of deposit on its official WeChat account, attracting market attention. This morning, a reporter found that in the past week, nearly ten banks such as Bank of Communications, Postal Savings Bank, and Dalian Bank have issued notices for the issuance of large-amount certificates of deposit, with the highest annual interest rate approaching 2%. "At the end of each quarter, it is usually the time to check the banks' regulatory indicators with point-in-time data," said a source from a listed bank to the reporter, suggesting that the intensive issuance of large-amount certificates of deposit by many banks in September may be related to this factor.
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