In the past two days, one of the biggest things is estimated to be the interest rate cut!
On December 21, a number of banks said that they would cut the deposit interest rate again from December 22, and the upper limit of preferential Save and the interest rate on large certificates of deposit will also be lowered simultaneously, among which the three-year and five-year time deposit interest rates will be lowered by 25 basis points.
It is worth noting that according to the latest listed interest rate table of various banks,After the adjustment, the three-month listed interest rate of the fixed deposit is 115% for 1 month for six months35%；145% and 1. for two years65%, 195% and 2 for five years0%。
Deposit rates have been lowered again.
The official website of ICBC.
Why is it said that the deposit rate has begun to be lowered "again"?
Because the major banks cut interest rates again, it is the third time in 2023 that the deposit interest rate has been lowered!
Different from the second round of cuts on September 1, this round of interest rate cuts involves more types of deposits:
That. 1. The scope of the current reduction in the deposit interest rate includes:Interest rates on time, treaty and call depositsAll of them have been lowered to varying degrees, and the overall interest rate has been reduced by 20 basis points.
And after this round of adjustments,The three-year lump sum deposit and withdrawal interest rate has also entered the era of starting with the word "1", and only the five-year interest rate is currently maintained at 2%. In terms of overall decline, the three-year and five-year lump sum deposit and withdrawal rates were both lowered by 65 basis points from the beginning of the year.
What is this concept?
Based on a fixed deposit of 100,000 yuan for 3 years, the interest on the fixed deposit is reduced by 1,950 yuan compared with 1 year ago. If calculated for the first time since September last year, the listed interest rate of the 3-year time deposit of the major state-owned banks has been reduced by 80 basis points, which means that the interest on the 3-year time deposit of 100,000 yuan is 2,400 yuan less than before September last year.
That.
Second, the main interest rate cut this time is to reduce the interest rate on cash deposits, and there is no change in LPR.
On December 20, the LPR (loan market ** interest rate) was released in December, and the 1-year LPR was 345%, and LPR for more than 5 years is 420%, this value has not changed for 5 months!
It is worth mentioning that although the new LPR has not changed, if you choose LPR floating interest rate or provident fund for the mortgage when you buy a house at that time, and the repricing date is January 1, then the interest rate of the existing mortgage of this part of your friends will start to be repriced on January 1, 2024!
According to the combing data, the LPR** for more than 5 years announced in December 2023 is 42%, down only 1 time in June this year, from 430% to 42%, a cumulative decrease of 10 basis points.
So,For some eligible friends, the interest rate of the existing commercial loan in January 2024 can be reduced to 40%！