Multiple banks have reduced the interest rates for US dollar deposits.

Recently, with the Federal Reserve cutting interest rates again, many banks such as Jiangsu Bank and HSBC Bank Limited have also lowered the interest rates on their US dollar deposit products. A wealth manager from a branch of Jiangsu Bank told reporters that the bank's US dollar deposit rates have been continuously declining recently, with the latest rates decreasing by 0.05 percentage points compared to the previous period. The interest rates for the previous period's 3-month, 6-month, and 1-year US dollar deposits starting at $10,000 were 4.45%, 4.35%, and 4.25% respectively.