After the successive adjustment of "hot" deposit products, there are many alternative products.

In the near futureJackpotjunctionMinsheng Bank and China Merchants Bank (600036) announced the suspension of the sale of large certificate of deposit products with a maturity of half a year or more, and small and medium-sized banks joined the army of deposit "interest rate cuts". High-interest deposit instruments such as manual interest compensation, intelligent notice deposits and medium-and long-term large certificates of deposit have all been adjusted.

Market participants analyze that these "hot" deposit products have been adjusted one after another.JackpotjunctionIn addition to regulatory factors, banks can also adjust the deposit structure and reduce debt costs, thus alleviating the downward pressure on interest spreads.

Under the downward trend of interest rates, long-term products may lock in excessive debt costs, so long-term large certificates of deposit products are in short supply, and five-year large certificates of deposit have basically disappeared.

However, Blue Whale News noted that the Bank of Shanghai (601229) has recently been promoting "mind deposit" special deposits, whose interest rates are comparable to those of large certificates of deposit, but the threshold for deposit is much lower.

According to the marketing text message of the Bank of Shanghai, the bank has launched a "safe deposit" (welcome money) time deposit, with an initial deposit of 100 yuan and a three-year interest rate of 2.Jackpotjunction.4%, two-year interest rate 2Jackpotjunction.2%, one-year interest rate 2%.

After consulting the APP of the Bank of Shanghai, we can find that the initial deposit amount of its intended deposit product is 100 yuan, 1000 yuan, 10, 000 yuan and 50, 000 yuan. The higher the initial deposit amount is, the higher the annual interest rate will be, and the duration of the product ranges from 3 months to 3 years.

At present, all the products in the 3-year period have been sold out, and the quota is available in all the other files. The annual interest rate of a 3-year product with a deposit of 50,000 is the highest, at 2.63%. This interest rate has even exceeded the interest rate of more than 1 million of large certificates of deposit of many banks.

Talking about the difference between the characteristic deposit and the traditional time deposit, the staff said that compared with the ordinary time deposit, the "characteristic deposit" has an advantage in the interest rate, and the interest rate of some "special deposit" even exceeds the large certificate of deposit in the same period. However, special deposits may be targeted at specific regions or specific customer groups and need to meet the conditions of the product before they can be purchased.

From the introduction of the product, the characteristic deposit belongs to the deposit product, which essentially belongs to the time deposit. RMB 500000 shall be included in the scope of deposit protection in accordance with the Deposit Insurance regulations. The difference is its diversified starting point and the interest rate that is better than ordinary deposits.

In addition to the "mind-set" of the Bank of Shanghai, similar products are not uncommon on the market. For example, the Agricultural Bank of China launched the "silver profit", the China Merchants Bank launched the "enjoy fixed deposit", the Construction Bank's "prosperous deposit", the Agricultural Bank of China (601288) the "silver profit", and Minsheng Bank (600016) the characteristic savings deposit "safe deposit".

Among them, Minsheng Bank's "peace of mind" currently has a five-year product, with an annual interest rate of 2.65% at an initial deposit of 1000 yuan. The Wangcai deposit of China Construction Bank (601939), one of the six major banks, also has five-year products, and the initial deposit interest rate of 10,000 yuan has also reached 2.4%.

China Merchants Bank's "enjoy fixed deposit" feature product interest rate is not as good as the above two, but the product line is richer, its monthly deposit products are automatically deposited on the agreed date every month, and the monthly principal and interest is automatically credited after maturity.

In addition, the recent large-scale removal of banks from the shelves of smart notice deposit products have also emerged to upgrade alternatives.

Citic Bank announced that the weekly salary cooker will be suspended from the shelves on May 15, 2023, but a new "upgrade" product introduction has appeared. according to the product introduction, the renovated product is available every three months and supports the renewal of maturing principal and interest. The annualized interest rate is 1.65%.

Industry insiders said that the logic of this product is to replace the "smart notice deposit" with an automatic renewal period of three months, and the cycle of the automatic cycle has changed from 7 days to 90 days, which is a disguised upgrade of the "smart notice deposit".

The core of intelligent notification deposit is to omit the links of "customer notice in advance" and "withdrawal on time after customer notice", which can realize automatic roll-over.

At present, the bank's three-month deposit and withdrawal listing interest rate is 1.15%, while the upgraded annualized interest rate of 1.65% is obviously much higher, and in view of the fact that its product is also a deposit in nature, protected by deposit insurance and protected in risk, it is obviously more attractive.

What is not clear, however, is whether the automatic roll-over of short-term time deposits will be included in the future when banks were required to stop doing notice deposits that do not require customer operation and are intelligently rolled over automatically.