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Ping An Bank lowers deposit Intrerest Rate
On October 19th, Jin10 Data reported that Ping An Bank’s official website showed that Ping An Bank lowered the Intrerest Rate of RMB deposits on October 19th. The Intrerest Rate of demand deposits was lowered by 5 basis points to 0.1%, while the three-month, six-month, one-year, two-year, three-year, and five-year fixed-term deposits were all lowered by 25 basis points to 0.85%, 1.10%, 1.30%, 1.35%, 1.55%, and 1.6% respectively.