Preliminary: Strengthen the management of deposit interest rates, and some structural deposit yields are significantly higher

Preliminary: Strengthen the management of deposit interest rates, and some structural deposit yields are significantly higher
The reporter learned from the gradual aspect on March 10 that in order to strengthen the deposit interest rate management, the “People’s Bank of China’s Notice on Strengthening the Deposit Interest Rate Management” was recently issued to all branches and major financial institutions to guide the market interest rate pricing self-regulation mechanism to strengthen the precipitation rate self-regulationmanagement.Among them, it includes supplementing the self-discipline management scope with the structured deposit minimum return rate.The income indicates that the structured deposit income is composed of two parts. The first is the guaranteed yield, which is the minimum rate of return that the bank promises to customers, and its nature is similar to the general deposit income; the second is the income from linked derivatives, not derivativesInvestment situation.However, the guaranteed yield of structural deposits of some banks is significantly higher than the general deposit interest rate, which is not conducive to maintaining the competitive landscape of the deposit market and should be regulated.For the early withdrawal of time deposits, the adoption of retrenched interest-bearing products, because it violates Article 24 of the “Regulations on Savings Management”: “If the unexpired time deposits are all withdrawn in advance, they will be paid according to the current savings deposits announced on the withdrawal day.Interest; if it is withdrawn in advance, the part withdrawn in advance shall be paid at the interest rate of the current savings deposit announced on the withdrawal date “, which shall also be regulated.Sauna, Ye Wang Cheng Weimiao editor Wang Jinyu proofread Liu Baoqing

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