Banks Rush for Year-End Deposits with Commercial Banks Offering Up to 1.9% on Three-Year Terms

Deep News2025-12-25

As the year draws to a close, banks have entered a critical sprint phase to attract deposits. A field survey of several major state-owned and joint-stock commercial banks revealed the current interest rate landscape. Staff at a prominent state-owned bank indicated that rates for one-year, two-year, and three-year deposits currently stand at 1.1%, 1.2%, and 1.55% respectively, showing little significant fluctuation.

In contrast, small and medium-sized banks are enticing capital by raising their deposit rates. A representative from a commercial bank disclosed that the highest available rate for a three-year time deposit, with a minimum investment of 200,000 yuan, can reach 1.9%. Furthermore, staff from another commercial bank mentioned that a limited-time promotional rate of 1.71% for three-year deposits is set to expire on December 31st. They also noted that quotas for a separate three-year product offering 1.75% are limited and require advance booking, often involving a scramble to secure them.

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