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industry experts said that the central bank interest rate market has taken an important step in allowing commercial banks to floating interest rates on deposits, which means that commercial banks deposits provide differentiated interest rates, public deposits can “shop around”, select the deposit rate has the advantage of banks. In the future, the public in choosing a bank, will pay more attention to a comprehensive comparison of banking services, choose a more cost-effective and more affordable-bank financial institutions.

the deposit price war ignited banks have floating interest rates on deposits

since the central bank announced the release of the deposit ceiling, is facing a mid-year deposit and lending banks than the pressure of “final exam” deposits quickly into action. Announced that the interest rate adjustment 12 o’clock that evening, the reporter that is, received Huaxing banks issue to the implementation of adjustment. At present, the number of banks have carried out deposit interest rate increases, but due to the increase rate is not consistent, the Bank’s price “difference” competition declared officially started.

id=”content”> which a number of small bank deposit rates are in accordance with the central bank floating range of the maximum 10% implementation, including the Guangdong Huaxing Bank, Guangdong Nan Yue Bank, Bank of Dongguan and Dongguan Rural Commercial. The basic implementation of the original interest rate cut when the interest rate of five state-owned line, which is equivalent to the current benchmark deposit rate on the basis of, go up 8%. Network staff told the reporter to the consultation, two days to the bank and asked for the deposit price significantly, and depositors have started voting with their feet “.

reporters calculations adjust the announcement of central bank lending and deposit rates, the benchmark interest rate three months, six months, a year, 2 years, 3 years and 5-year time deposit base rate to 2.85%, 3.05%, 3.25%, 4.1%, 4.65% and 5.1%. If each grade of the bank deposit rate benchmark interest rates go up 10% of the line corresponds to the term deposit rates will be 3.13%, 3.35%, 3.57%, 4.51%, 5.11% and 5.61%.

five-year deposits, for example, if the public deposits of $ 100,000, to cut interest rates before the year 5500 yuan of interest available. The interest rate cut, if the banks to implement the benchmark interest rate, then interest after one year of 5100 yuan, down by 400 yuan. Bank deposits and five-year period on a regular basis but banks after the implementation of the floating interest rates on deposits, the public 10 million in the implementation of up 10% policy interest after one year was 5610 yuan, compared to the implementation of the benchmark interest rate, interest increased by 510 yuan, than to cut interest rates before the increase $ 110.

banks still perform the first suite of

the small bank loans as low as 7% to 8.5% off

the The central bank liberalized the requirements of the floating range, commercial bank loans lower threshold of 80% of the benchmark interest rate first mortgage limit is 70% of the benchmark interest rate. In the case of generalized contraction of the credit needs of the real economy, the liberalization of the loan lower limit also makes the inter-bank facing more intense competition will. Huaxing Bank recently said that the bank loan to implement a case by case basis pricing, loan interest rate floating range of the lower limit of 0.8 times in accordance with the benchmark execution, personal loans floating range lower limit of the implementation in accordance with 0.7 times the benchmark.

“our side lending rate yet no change, basically flat with the previous, deposits increase in the cost estimate does not appear substantially to float downward, now spreads have narrowed, We are also waiting. “a joint-stock banks of the Shenzhen branch of small and medium micro enterprises department official told reporters.

In addition, the other assets of the relatively large size of state-owned banks, Guangdong Branch of the personal loan department official told reporters after the bank non-residential personal loan in accordance with the requirements of the head office, interest rates at least rigid go up 15 percent, but recently the bank has relaxed this requirement, “allows to benchmark interest rate does not go up.”

reporters yesterday to the banks in consultation with floating interest rates for housing loans to individuals, with the exception of the very few smaller business banks, other banks have yet to make loans to the lower limit to change. Among them, the China Construction Bank, China Merchants Bank, China Everbright Bank account manager both told reporters that the customer is still eligible to the implementation of the first suite of benchmark lending rate by 8.5% discount. Everbright Bank in Guangzhou City, a client manager, told reporters that “the possibility of very low minimum 30% off the news may be just for publicity, the actual implementation down 7% bank interest rate is too low, basically not making money.” And China The bank’s account manager, said, according to the specific circumstances of the customer to develop the interest rate applicable to the customer’s own, does not exclude the minimum 7% discount.

not yet see the emergence of bank loans significantly to float downward market competition, but obviously the banks have to do exploratory movements, can be expected future loan market competition will become more intense.

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