Interest On Time Deposits Does Not Move With The Market.

"Yesterday, I went to the bank and found that the interest rate for time deposits rose, but the staff of the bank said that my previous time deposit had to be settled at the interest rate when the money was deposited, that is to say, raising interest rates didn't matter to me."

In March 6th, Miss Li, who was working in East Lake Road, told reporters.

In December 2014, Miss Li handled a sum of 500 thousand yuan for 2 years at a bank branch.

At that time, the bank's 2 - year fixed deposit rate was 3.35%, while the current 2 - year fixed deposit rate of the bank was 3.41%.

"In March 1st this year, the central bank lowered.

RMB deposit benchmark interest rate, at the same time, the upper limit of the floating interval of financial institutions deposit interest rate from deposits.

The 1.2 fold adjustment is 1.3 times.

Therefore, according to our actual situation, our bank has raised the 2 year deposit rate from 3.35% to 3.41%.

The bank's network staff told reporters that the central bank stipulates that the deposit rate has not been adjusted regularly, and the new interest rate is only for the new deposits customers during the implementation of the new interest rate.

Reporters log on to the people's Bank of China website to understand that the interest rate of regular savings deposits is adjusted during the deposit period, and the interest rate is calculated on the basis of the deposit interest rate announced at the time of deposit.

6, reporters visited a number of banks in Wuhan understand that since the central bank announced the March 1st interest rate adjustment, not all banks' time deposit rates have been rising step by step.

The five major state-owned banks, such as industry, agriculture, China, construction and banking, have all fixed interest rates lower than before. Only part of the joint-stock banks have fixed interest rates higher than before.

Insiders remind that at present, the state is pushing ahead with the reform of interest rate marketization. It is no longer the same age that any bank used to save money at any time in the past. Therefore, it is possible to obtain relatively high interest income by saving money and choosing time and banks.

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Goldman Sachs strategist Robin Brooks, economist George Cole and analyst Michael Cahill, in a letter to customers on Friday (March 6th), said that the 17-18 meeting of FOMC on March will be pushed up again by the US dollar.

Past FOMC meetings showed that the US dollar rebounded by 2%-3% in two weeks after policymakers lowered their future guidelines.

Goldman Sachs pointed out that last year's meeting Yellen had said that the data would determine the time to raise interest rates, and that the word "patience" was mentioned in the two meeting.

The FOMC conference, which will be held in mid March, will also be the case. Because of non-agricultural expectations, the word "patience" may be removed at the meeting.

However, whether the Federal Reserve is raising interest rates in June or September or even later, there is still a risk that the interest rate will be lost before the real interest rate rises.

Overall, Goldman Sachs economists expect the fed to announce interest rate hikes in September.