Reporter Li Wang
May 9thZenithpokerQingdao Jimo Huimin Village and Town Bank issued a notice on automatic rollover to generate profit and notice deposit changes, according to the notice, "in order to implement the measures taken by the people's Bank of China to deepen the reform of the interest rate market, the policy of one-year transition period for stock notice deposits and interest-generating deposits in accordance with the original interest rate will automatically terminate on May 15, 2024."
Industrial and commercial information shows that the major shareholder of Qingdao Jimo Huimin Village Bank is Jiutai Agricultural Bank. Public information shows that "profit-generating-profit" deposit is a deposit product based on individual notice deposit business, with automatic notification and automatic transfer. According to its characteristics, "profit giving birth to interest" deposit is an intelligent notice deposit.
The above notice means that the reasons behind the recent notices issued by Citic Bank, Everbright Bank, Ping an Bank, Bohai Bank, Guangfa Bank and other banks on stopping / terminating the intelligent notification deposit stock business (including personal and public) have been found.
On May 8, CITIC Bank issued a notice on salary Pot Weekly and automatic Notification Deposit products to stop Service, which shows that due to policy and business adjustment, the manual transfer and automatic transfer of salary cooker Weekly and automatic Notification Deposit products will stop on May 15, 2024. After the stock funds naturally expire, the principal and interest will be transferred to the current balance of the signing account. Please arrange the funds in advance.
On May 8, Ping an Bank issued a notice on Ping an Bank's personal "Daily Life Fund" and "Smart Deposit-Notification Deposit" Product Business offline "due to the adjustment of our business operation," the products of "Daily Pension" and "Smart Deposit-Notification Deposit" will be released on May 15, 2024, and the related business will be terminated. After going offline, customers who have signed up for "daily pension" and "smart deposit-notification deposit" products will no longer enjoy the services related to "daily pension" and "smart deposit-notification deposit" products. Customers can purchase other products on sale if necessary.
On April 30, Everbright Bank issued a notice on Everbright Bank's RMB agreed deposits and the adjustment of public week plans and other products, according to the announcement: from May 15, 2024, if the customer RMB agreed deposit rate is higher than 1.Zenithpoker.15%, the system will automatically calculate the interest in segments and adjust the agreed interest rate to 1.15%. The accounts of automatic roll-over notice deposits such as public week plan, public smart deposit A (3-day 7-day deposit) and public smart deposit B (7-day deposit) will stop automatically rolling over notice deposits from May 15, 2024, and the funds of the rolled-over notice deposits will be transferred back to the signing current account after maturity, and then the system will automatically terminate the contract, and if there is any interest outstanding, it will be settled at our bank's current listing rate.
On April 30, Bohai Bank issued a notice on the changes of automatic personal notice Deposit, which shows that: in order to implement the relevant policy requirements and optimize the customer service experience, our automatic rollover personal notice deposit product will automatically terminate on May 1, 2024, and the stock automatic deposit product will be changed to "notice deposit +" product after termination. If you need to withdraw the "notice deposit +" product, the depositor can initiate advance notice and agreed withdrawal through the counter or electronic banking channel (if it has been opened). The "call Deposit +" product is not automatically transferred.
On April 15, Guangfa Bank issued an announcement on the adjustment of the unit notice deposit service of Guangfa Bank, which shows that in the first ten days of May, the Guangfa Bank will notify the deposit business of automatic rollover service (including the related products of win in Yitian series). The existing funds will be adjusted to the non-rollover service mode or returned to your signed current account according to the specific product service rules.
Compared with May a year ago, major banks, some stock banks and city commercial banks issued relevant intelligent notice deposits and agreement deposit rectification notices, mainly related to incremental business. As the announcement of Ping an Bank shows: if you have purchased a "smart notice deposit" product before suspending sales, the stock business can still continue to handle product withdrawal, inquiry, termination and other business in various channels of our bank.
At that time, the relevant notice also made it clear that the notice deposit rate of large state-owned banks (especially the four major banks) could not exceed the benchmark interest rate by 0.1 percentage points, and other banks could not exceed the benchmark interest rate by 0.2 percentage points.
Looking back a year ago, behind the rectification of intelligent notice deposits was that the deposit type increased the interest payment rate of commercial banks, that is, increased the debt pressure of commercial banks. Now with an one-year transition period, these banks' stock smart notice deposits and agreed deposits have also paid one year's interest at the original interest rate. After May 15, the stock intelligent notice deposit business will be stopped / terminated, and the stock business will be converted into ordinary call deposits, which is expected to ease the debt pressure of commercial banks to some extent.
According to the above notice, it can be expected that more banks will issue announcements to stop / terminate smart notification deposits before May 15.