[Some banks lowered the interest rates on US dollar deposits. Industry insiders reminded investors to be wary of exchange rate risks] Jinshi Data reported on August 23 that some banks have recently lowered the interest rates on US dollar deposits. On August 23, the reporter learned that the annual interest rate on US dollar deposits with a minimum deposit of US$10,000 and a term of one month at Jiangsu Bank dropped from 5.05% to 4.95%, a decrease of 10 basis points. Ai Yawen, an analyst at Rong360 Digital Technology Research Institute, believes that the expectation of the Fed's interest rate cut is getting stronger and stronger. Banks have chosen to lower deposit rates first, mainly to reduce funding costs and maintain a stable net interest margin; in addition, banks will also consider risk management when setting US dollar deposit rates, including exchange rate risks, credit risks and liquidity risks. For investors, Ai Yawen reminded that in addition to paying attention to deposit rates, one is to pay attention to the exchange rate changes between the US dollar and the RMB. The interest income of US dollar deposits is higher, but when it is finally converted back to RMB, the income will be reduced due to the depreciation of the exchange rate, and may even result in losses; second, it is also necessary to consider the cost of exchange, including the handling fees charged by the bank; third, generally speaking, the interest rate of US dollar deposits has a certain lock-in period, and investors need to consider their own long-term and short-term funding needs. (Shanghai Securities News) (Reprinted from: Jinshi Data)