One-year deposit rate as low as 1.1% amid deflation— is it the same as a few years ago when the one-year rate was 4% but there was inflation?

light‑hearted banter
1

My mother complains that bank deposit rates are low; depositing 10,000 for a year yields only 100.

Although the one‑year deposit rate is as low as 1.1%, with deflation, is it the same effect as a few years ago when the one‑year deposit rate was 4% but there was inflation?

2

Recently discovered that besides a 1‑year term deposit with an annualized rate of 1.1% and a 1‑month large‑amount certificate of deposit (>200k) with an annualized rate of 0.9%, there are many near‑cash options that may achieve a 1% rate.

Exchange‑traded money market funds:
Huabao Tianyi ETF 511990 7‑day annualized yield: 1.009%
Yinhua Daily Interest ETF 511880

In addition,
government bond reverse repurchase, pledged‑type quoted repurchase, also have relatively flexible deposit terms.

And it’s not complicated; you can open a brokerage account online, just look for a low‑commission opening method.

This is only personal opinion and does not constitute investment advice