国有大行和股份制银行近期陆续恢复5年期大额存单产品的发行。[1]工商银行于8月1日推出该产品，提供1.60%和1.55%两档年化利率选择，起存金额为20万元。[1]中国银行、农业银行和建设银行在7月份相继上线类似产品，年化利率在1.55%至1.60%之间。[1]其中，中国银行1.60%利率档次已售罄，1.55%产品额度充足。[1]股份制银行中，华夏银行和平安银行提供了更高的利率水平，华夏银行5年期大额存单年化利率为1.75%至1.80%，起存金额为20万至100万元，[1]平安银行年化利率为1.75%，起存20万元。[1]
此轮产品重启距离国有大行在2025年11月份集中下架5年期大额存单仅隔数月。[1]银行此举旨在锁定长期稳定资金、优化负债结构，以应对存款短期化趋势并为2026年存量存款到期做出准备。[1]市场人士认为短期内很难出现全行业大范围跟进的情况，后续市场大概率呈现"少数试水、多数观望"的分化格局。[1]
Several state-owned banks have restarted offering five-year large certificates of deposit (CDs) between July and August, marking a shift in their funding strategies [1]. The Industrial and Commercial Bank of China launched its five-year personal large CD product on August 1st, with annualized interest rates of 1.60% and 1.55% and a minimum deposit of 200,000 yuan [1]. Bank of China rolled out its five-year large CD on July 1st at a 1.60% annualized rate, which sold out, though its 1.55% rate product maintained adequate inventory [1]. Agricultural Bank of China and China Construction Bank adopted parameters consistent with Bank of China's offering, with Construction Bank establishing two-tier rates of 1.60% and 1.55% [1].
Smaller institutions have also entered the market with more competitive rates. Huaxia Bank's five-year large CDs carry annualized interest rates ranging from 1.75% to 1.80%, requiring a minimum deposit between 200,000 and 1 million yuan [1]. Ping An Bank offers five-year large CDs at 1.75% annualized interest with a 200,000 yuan minimum [1]. This relaunch follows a period in which state-owned banks collectively withdrew five-year large CDs from the market in November 2025 [1]. The market is expected to display a fragmented pattern of "few pioneering and many observing" in the near term, with limited industry-wide adoption anticipated [1].