Actual investigation of the latest USD deposit interest rates: Several banks still offer 3%, but a decrease may be imminent.

The Federal Reserve recently announced a 25 basis point cut in the target range for the federal funds rate, marking the first rate cut since December 2024. A survey of several bank branches in Beijing on September 22 revealed that some US dollar deposit rates are still maintaining at 3% and above, without any reduction for now. However, many bank account managers have indicated that a rate cut "may come soon". Meanwhile, there is a differentiation in the structure of US dollar deposit rates among different banks: some offer higher rates for longer term deposits, while others offer higher rates for shorter term deposits. Industry experts believe that the structure of US dollar deposit rates reflects the banks' expectations of rate adjustments by the Federal Reserve to some extent. With expectations rising for an additional 50 basis point rate cut by the end of the year, the structure of US dollar deposit rates at banks may experience adjustments.