Recently, with the Federal Reserve's further interest rate cuts, several banks, including Bank of Jiangsu and HSBC Bank (China) Co., Ltd., have successively lowered the interest rates on their USD fixed deposit products. A wealth management manager from a branch of Bank of Jiangsu told reporters that the bank's USD deposit rates have been continuously reduced recently, with the latest rates down by 0.05 percentage points compared to the previous period. The previous rates for USD fixed deposits starting from $10,000 for 3 months, 6 months, and 1 year were 4.45%, 4.35%, and 4.25%, respectively
