On June 6, a reporter from Beijing Youth Daily checked the mobile banking or official websites of ICBC, CCB, ABC, BOC, Bank of Communications and Postal Savings Bank. Compared with June 8, the demand deposit interest rates of these major banks were reduced by 6 basis points to 7.5%.
For lump sum time deposits, whether it is the listed interest rate or the actual execution rate, the 0-year interest rate has been reduced by 20.2 percentage points. This is the second collective reduction in the fixed deposit interest rate of large state-owned banks since the adjustment in September last year.