Abstract: Nowadays, interest rate liberalization has been one of the most important issues for the following financial reform. Although we all have agreed with this step and have gained great fruits in the reform of interest liberalization, we must realize that it is absolutely not an easy task. The interest rate liberalization is essential, and will have an important influence on all kinds of financial institutions, especially the development of commercial banks in the future. Setting out from the intension of the interest rate liberalization and synthetically analyzing the impact of the interest rate liberalization on commercial banks of our country, this essay, combined with the main process of the interest rate liberalization of our country, puts emphasis on the countermeasures of commercial banks.