Zhongan Bank, the first virtual bank, formally started a trial the day before, and traditional banks quickly faced it
Yesterday, two Chinese-funded banks gathered friends and Bank of Communications Hong Kong raised the Hong Kong dollar fixed deposit interest rate. Together with CCB Asia, which took the lead on Wednesday, 3 banks made a total of two moves.
Experts point out that Zhongan Bank’s storage war is not as high as expected, and the industry is not expected to push the top interest rate until the end of the year.
Chiyu comprehensively raised short, medium and long-term interest rates yesterday. The increase rate was at most one month of short-term deposits. The weekly increase was 0.22%, and the interest rate was 2.5%. Bank of Communications Hong Kong also focused on the one-month period. After two consecutive additions, the cumulative increase was 0.02%, and the interest rate was 2.81%.
China Merchants Wing Lung will deposit for 1 month and enjoy 5% interest
The preferential interest rates of the above two lines are also higher than those of Zhongan Bank, which started a trial business on Wednesday. The monthly interest rate of the latter is 1.4%. The same short deposit is used by China Merchants Yonglong’s 5% to continue to be the “high interest king.”
CCB Asia grabbed the brakes on Wednesday to push up its rated deposit interest rate and raise interest rates across the board in disguise. The highest interest rate is 2.7% for three months. However, the minimum deposit is 8 million yuan, and large households can earn 54,000 yuan.
Ping Ye, a Greater China economist at ING Bank, believes that although ZhongAn has made a big attack and the virtual bank has been buried, its annual interest rate for three months to one year is two percent, and the interest rate is lower than expected. Earlier the market was expected to be so fierce that, traditionally, traditional banks do not need to fight back to raise interest rates blindly for the time being.
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The market rate of Zhongan ’s “time deposit coupons” may be as high as 6.8%. Peng Yue said that he has not known its specific terms for the time being, and believes that this type of brand-new banking business or the front line is changed. For the sake of convenience, we strive to attract young customer groups, instead of fighting to save money by cutting throats.
The Hong Kong dollar interest rate also changed the trend of rising across the board over the past few days. Short interest rates such as overnight interest rates fell. Only one month of interest rates rose for four consecutive days to 2.71%.
Ye Zeheng, a senior foreign exchange market strategist at the Bank of East Asia (00023), predicts that the interest rate linked to the mortgage is almost peaked, and it is expected to rise to about 2.75% for the time being. Ammunition will not be stored at higher rates until next year.