The boots hit the ground, it's time to come or it!In the last few days of 2023, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of Communications and other 6 major banks suddenly collectively blew a frenzy of interest rate cuts!On December 22, the official website of the Bank of China, the leader of China's banking industry, suddenly announced that it would lower the interest rate on RMB deposits, including the interest rates for three-month, half-year and one-year fixed deposits and withdrawals by 10 basis points, and the one-year interest rate to 145%；The two-year was lowered by 20 basis points to 165%；Both the three-year and five-year maturities were cut by 25 basis points to 195% and 200%。Immediately afterwards, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of Communications, the Construction Bank, and the China Merchants Bank also announced at the same time on the 22nd that they would join the interest rate cut war!
Not only has the interest rate been sharply reduced, but even some banks have inverted long-term depositsThat is, your savings for the fifth grade are even lower than the savings for the third grade. In other words, today's banks no longer encourage long-term deposits. In addition to the four major lines. Some commercial banks have also joined the ranks of lowering interest rates and deposit rates, and the reduction of bank interest rates in 2024 has formed a unified trend. A reporter calculated an account, taking a 3-year long-term deposit of 100,000 yuan as an example, if the interest rate is from the original 22% to 195%, and the accumulated interest due after the interest rate is lowered will be reduced by 750 yuan. Sure enough, the bank also took action again, and this is already the third interest rate cut in 2023!On the same day, the four major banks announced another interest rate cut, which released a major signal to the outside world, that is, to encourage the people to take out more bank deposits for consumption and investment, to invigorate market demand, and to use the expansion of domestic demand to resist the economic weakness crisis that is quietly spreading throughout the world.
According to statistics, China's total deposits have reached 278 trillion in 2023, of which the balance of personal deposits is as high as 13498 trillion yuan, according to the world's first.
What is this concept, Big Mouth will calculate an account for everyone, if calculated according to the total population of 1.4 billion people in our country, our per capita deposit data is 9560,000 yuan, which means that the average deposit of a family of three will reach nearly 300,000 yuan. I have to say, this data still shocked me!It seems that our people really have money in their hands.
Nowadays, many banks have adopted the method of cutting interest rates to encourage the people to take out consumption and investment, and if such a huge amount of deposits is released, it will play a role in expanding domestic demand and boosting the economy.
On the one hand, the reduction of loan interest rates not only facilitates the majority of consumers to buy houses and shop, but also reduces the economic burden of consumers. Let some consumers who just need to dare to take out loans to buy houses and cars, and dare to make economic investments, which will undoubtedly play a positive role in promoting the economy. 
However, this is not good news for savers who are frugal and prefer to keep their money in the bank for a rainy day.
A cruel reality is in front of consumers, that is, people want to lie flat by eating interest on bank deposits, and this road may become more and more impassable. Let's think about it, after three years of the pain of the epidemic, there are many industries that have not yet recovered, and the key investment prices of ordinary people have been sharply reduced, and in some places they have even been cut in half, and the assets of ordinary people have shrunk significantly. In the case of continued sluggishness, if there is no stable and effective investment method and no stable opportunity to make money, using interest rate cuts to let the people withdraw their savings and encourage more people to take out their savings for consumption and investment may not only fail to achieve the goal, but may also have the opposite effect. Therefore, while the relevant departments start the banking industry to cut interest rates to encourage consumption, they should also open up more income-generating channels for ordinary people, especially those ordinary people who have no iron rice bowl to end, it is particularly important, so that they dare to spend money and dare to invest, which is the top priority!
Finally, do a small survey, in view of the continuous bank interest**, will you take out your savings to spend or invest?And is the amount of your deposit dragging the country back?100 help plan