Report: June Deposit Rate Continues to Fall, Long-Term Rate Enters "1 Era"

The deposit rate continues to fall, and long-term rates enter the "1 era". On July 23rd, Fusion360 Digital Technology Research Institute published its June bank deposit rate report (hereinafter referred to as the report), showing that according to the data counted by Fusion360 Digital Technology Research Institute, in June 2025, the average interest rate for a 3-month term was 0.949%, for a 6-month term it was 1.156%, for a 1-year term it was 1.287%, for a 2-year term it was 1.372%, for a 3-year term it was 1.695%, and for a 5-year term it was 1.538%.

Compared to last month, the average interest rate for a 3-month term decreased by 5.5 basis points, for a 6-month term it decreased by 5.6 basis points, for a 1-year term it decreased by 5.2 basis points, for a 2-year term it decreased by 5.6 basis points, and for a 3-year term it decreased by 1.6 basis points. For a 5-year term, it decreased by 3.5 basis points.

Regarding large-denomination deposits, according to the report's monitoring data, in June 2025, the average interest rate for a 3-month term was 1.179%, for a 6-month term it was 1.391%, for a 1-year term it was 1.477%, for a 2-year term it was 1.462%, and for a 5-year term it was 1.768%.

Compared to last month, the average interest rate for each term of large-denomination deposits decreased uniformly. The average interest rate for a 3-month term decreased by 5.96 basis points, for a 6-month term it decreased by 6.74 basis points, and for a 1-year term it decreased by 8.39 basis points. For a 2-year term, it decreased by 18.67 basis points, and for a 3-year term it decreased by 30.01 basis points. The average interest rate for a 5-year term remained unchanged.

This report statistically monitored and analyzed the deposit rates of 36 key cities in China and 82 banks with 689 branches and outlets.