Bank Deposit Rates Mostly Rise in September, With 5-Year Term Showing the Biggest Increase

A September 2026 bank deposit rate report released by Rong360 Digital Technology Research Institute shows that, apart from a slight month-on-month decline in the 3-year fixed deposit rate, fixed-term deposit rates across all other maturities rose slightly or held steady. The 5-year deposit rate and the 5-year large-denomination certificate of deposit rate saw the most pronounced gains. According to the report, in September 2026 the average rate for bank fixed deposits was 0.950% for 3 months, 1.156% for 6 months, 1.267% for 1 year, 1.358% for 2 years, 1.682% for 3 years, and 1.571% for 5 years. Compared with the previous month, the 3-month rate rose 0.1 BP, the 6-month rate rose 0.4 BP, the 1-year rate rose 0.3 BP, the 2-year rate was unchanged, the 3-year rate fell 0.1 BP, and the 5-year rate rose 0.7 BP. (Yicai)