Sina Financial News Recently, Long private banks have successively adjusted deposit intrerest rates. What is noteworthy is that, unlike large state-owned banks and joint-stock banks, where the Intrerest Rate on one- to five-year fixed deposits is generally lower than 3%, the adjusted Intrerest Rate on three- and five-year fixed deposits of many private banks is still higher than 3%. Xue Hongyan, vice president of the ATP Financial Research Institute, said that the current round of private banks' intensive reduction of deposit intrerest rates should be a follow-up response to the new round of deposit "interest rate cuts" led by large state-owned banks at the beginning of the year. At present, the whole industry is facing a large net interest spread narrowing pressure, and the "interest rate cut" of national banks has opened a short for local small and medium-sized banks to "cut interest rates", and it is a high probability event for small and medium-sized banks to follow up on the "interest rate cut".