In Australia perhaps but not in China, and even in Australia it...

In Australia perhaps but not in China, and even in Australia it is more like 3.5% with break fees for exiting early.

http://china.deposits.org/

http://china.deposits.org/savings-accounts.html

I do agree they could do something better in terms of interest return though, maybe not huge but definitely better. But as i said it may have been held as security for an off the books loan previously, which is no longer the case according to the financials. This however is a concern of the market with these companies and hence the low PE.