No.

According to Rong360 Big Data Research Institute’s monitoring data on deposit interest rates at 633 branches of 68 banks in 35 key domestic cities, in March 2021, banks took 3 months to deposit and withdraw deposits in lump sums. The average interest rate for the period is 1.463%, the average interest rate for the 6-month period is 1.725%, the average interest rate for the 1-year period is 2.05%, the average interest rate for the 2-year period is 2.78%, the average interest rate for the 3-year period is 3.538%, and the average interest rate for the 5-year period is 2.05%. 3.194%.

This interest rate level has increased relative to February. Judging from the interest rate adjustments, the average interest rates for periods of 3 years and less have increased month-on-month. The longer the period, the greater the increase. Among them, 3 months The average interest rates for 1-term, 6-month, 1-year, 2-year, and 3-year terms increased by 0.1BP, 0.2BP, 0.6BP, 2.3BP, and 4.3BP respectively month-on-month; the average interest rates for 5-year deposits decreased by 0.6BP month-on-month.

Judging from the overall situation of bank deposit interest rates in March 2021, the interest rates of most banks are not very high, especially for those large state-owned banks and 12 joint-stock banks. The highest interest rates of these banks are Basically it is only about 3.5%.