In China, banks are all state-owned, so bank interest is uniformly set by the central bank, and the interest on loans and deposits is uniform, with no distinction between high and low. The latest deposit interest (taking June 20 15 as an example) is as follows:
Annualized demand deposit 0.35%
Annualization of three-month time deposit 1.35%
The annualized half-year fixed deposit is 1.55%.
One-year fixed deposit annualized 1.75%
The annualized interest rate of two-year time deposit is 2.35%.