The four major banks collectively return to large-denomination certificates of deposit with a 5-year term.

On August 1, Industrial and Commercial Bank of China launched the first and second issues of the 5-year personal large deposit certificate products for 2026, with annual interest rates of 1.6% and 1.55%, respectively, starting from a minimum deposit of 200,000 yuan. Both products support partial early withdrawals and transfers. As of the time of writing, the remaining balance for both products is over 10 million yuan. With the latest addition from ICBC, the number of state-owned banks reintroducing 5-year large deposit certificates has increased to four, with the highest annual interest rate at 1.6%.