Is Shandong A Niu Zhitou reliable? What is the difference between a scheduled deposit and a time deposit?

The essence of agreed deposits and time deposits is that both are bank deposits, and on the one hand, depositors can get higher interest rates than demand deposits. On the one hand, banks can obtain higher deposit levels. So what is the difference between a scheduled deposit and a time deposit?

1. There is a difference in nature

Interbank appointment deposit is a customized financial product in which the bank calculates the interest on the deposit in accordance with the agreed term, interest rate and other rules for the demand deposit in the interbank settlement deposit account opened by the customer in the bank according to the agreement with the interbank customer.

Time deposits are also known as "certificates of deposit". The deposit between the bank and the depositor agrees in advance on the term and interest rate at the time of deposit, and the deposit is withdrawn with principal and interest after maturity, which is a time deposit.

2, the liquidity is different

Although both time deposits and appointment deposits are financial acts of depositing in accordance with the agreement, the liquidity of the time deposit as an agreed demand deposit is greater than that of the time deposit.

Term deposits have always been a common and powerful way for banks to deposit, generally increasing the level of interest rates and attracting more funds.

3. There are differences in the form of signing

Appointment deposits are directly handled through the bank's appointment deposit system, eliminating the cumbersome operation of the counter, simplifying the operation steps and improving the efficiency of business processing under the condition of ensuring the expected returns of customers.

Time deposits generally require cash to be signed at the counter for term term and interest rate levels.

4. The transferability is different

Some certificates of deposit require funds to be sold and transferred on the market before maturity;