1. It affects the normal financial and economic order. Finance is the core of the modern economy and plays a decisive role in promoting the healthy and rapid growth of the national economy, accelerating the development of the western region, and completing the glorious and arduous historical tasks of the "Tenth Five-Year Plan". The emergence of high interest rates to attract savings directly affects the normal financial order, affects the smooth progress of financial system reform, and disrupts the financial market. If it continues to spread, it will affect the rapid and healthy development of the national economy.

2. Increased disorderly competition in the financial industry. The existence of high-interest deposit-taking has fueled disorderly competition in the financial industry. The market economy is a legal economy, and the emergence of high-interest-rate deposit-taking will surely fuel a new round of high-interest deposit-taking war. In order to pursue speed and share, banks will inevitably spare no effort to engage in the war to obtain deposits with high interest rates. In the process of competing for deposits, they will inevitably compete with each other, poach each other, and compete to promise generous rewards to depositors. In order to make up for it, financial institutions If there are losses, phenomena such as "loans around scale" and "off-book operations" will inevitably occur. This disorder and unfair competition not only fuels inflation and brings financial risks, but also leaves banks with a large amount of non-performing assets and bad debts, causing endless troubles.

3. Cause bank operating costs to rise and operating profits to fall. Sparing no expense and no matter the cost is a form of attracting savings at high interest rates. Currently, some outlets are competing to increase handling fees to attract savings at high interest rates. According to the author's on-the-spot understanding, some outlets accept deposits with handling fees ranging from 5‰, 8‰, and 10‰ for regular one-year savings deposits. After maturity, the same amount of handling fees will still be paid for transfers. According to this ratio It is calculated that after depositing a one-year savings deposit into a savings bank three times, the bank will have to pay a handling fee of 1.5% to 3%. This approach increases the appetite of depositors, increases financing costs, and results in a substantial drop in operating profits. decline. China has joined the WTO, and the financial industry is facing severe challenges. The profitability of state-owned commercial banks is far behind that of foreign banks. Operating costs are artificially increased, which is detrimental to my country's financial industry in improving operating efficiency, enhancing competitiveness, and replenishing capital. It is undoubtedly adding insult to injury.

4. It encourages misappropriation, embezzlement, and corruption, and affects the image of the banking industry in society. Due to the phenomenon of bargaining for savings at high interest rates, some savers have made false accounts and enriched their own pockets. They have committed embezzlement and corruption, which has ruined the social atmosphere and affected the image of the financial industry.