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2026-11-02 14:30:24
[All Six Major Banks Resume Issuance of Large-Denomination Certificates of Deposit] With the official launch of large-denomination certificate of deposit (CD) products on the Postal Savings Bank of China's (PSBC) official app, the issuance of large-denomination CDs by all six major banks has resumed. On October 29th, PSBC launched three large-denomination CDs with maturities of 3 months and 6 months, all with a minimum purchase price of 200,000 yuan: two 6-month CDs offer an annual interest rate of 1.05% and are transferable, while one 3-month CD offers an annual interest rate of 0.85% and is non-transferable. The interest rates are significantly higher than the bank's fixed deposit rates for the same term. Previously, on July 1st, Bank of China launched its first personal large-denomination CD for 2026, covering terms from 1 month to 5 years. Subsequently, Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Bank of Communications followed suit. (CCTV Finance)
