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Can people deposit money in Jiangsu Bank in Shanghai when they are in Zhenjiang?
Of course. The interest rate of three-year fixed deposit in Jiangsu is not higher than that in Shanghai, so there are indeed many depositors in Jiangsu who cross the city to handle savings business at the counter in Shanghai in order to obtain higher deposit interest rate. In view of the difference in deposit interest rates between Jiangsu and Shanghai, Jiangsu Bank comprehensively considered cost factors, geographical factors, customer base factors and market competition factors in deposit pricing. The deposit interest rate of Shanghai outlets is generally consistent with the pricing level of different branches of city commercial banks, which is consistent with the consistent behavior of the national banking industry driven by self-discipline mechanism.
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