As one of the six state-owned banks in China, Bank of China has strong strength and business outlets all over the country. At the same time, Bank of China is also responsible for the settlement of all foreign exchange business in the mainland, and is one of the banks with the largest authority in mainland China. As a large state-owned bank, the Bank of China is well-known and safe to deposit, so many depositors like to keep their money in the Bank of China. Below, let's take a look at how much interest you can earn if you deposit 30,000 yuan in the Bank of China for a year. Demand deposits: Low interest rates: Bank of China's demand deposit interest rates are particularly low, only 0.20% annualized. If you deposit 30,000 yuan into a current account, the interest for one year is only 60 yuan.
Therefore, if you go to the bank to deposit money, you must not store it in the demand period, because the interest rate of demand deposits is really the kind of heinously low. If you keep the money alive for a long time, then you are really "rich and willful", that is, you are just working for the bank. My bank met a very wayward customer a while ago. She kept hundreds of thousands of yuan in the current period for more than a year. The teller asked her why she hadn't saved a term or bought a treasury bond, and the customer said that because she hadn't thought about what to save, she had been keeping money in demand deposits. What they don't know is that she let it go like this, and for more than a year, the loss of interest can be quite a lot. Even if you save so much money on a regular basis, you will have more than 3,000 yuan of interest a year.
Many families may not be able to spend 3,000 yuan a month. It is really a pity that so much interest is lost in vain. Everyone must learn from this and must not do the same stupid thing as this customer. Time deposits: The interest rate of a time deposit of Bank of China is 1.80% annualized despite the low but safe interest rate. If you deposit 30,000 yuan for one year, the maturity interest is 540 yuan. Although the interest rate of time deposits is not very high, we still recommend that you go for time deposits because it is relatively safe. Even if the bank goes bankrupt, as long as the amount does not exceed 500,000 yuan, it will be fully compensated. Therefore, the most important thing to save money is the safety of the principal, followed by the level of interest.
To sum up, although demand deposits are convenient, the interest rate is pitifully low, and it is really not worth it. In contrast, although the interest rate of time deposits is low, it is relatively safe, and it is recommended that you save more time. Of course, we should also look at deposit interest more rationally, do not overly pursue high interest rates, and take principal safety as the first consideration. Time deposits, pedantic or wise? Recently, a client who had previously speculated in stocks and funds suddenly decided to convert his funds into time deposits. This raises some doubts, why did she make such a decision? After communicating with her, she said that she had not made a profit in stock trading and fund trading for many years, and even lost a lot of principal.
In contrast, if these funds were safely deposited in a regular bank account, it was possible to achieve a principal increase of more than 50%. In addition, she realized that she spent too much time on stocks and funds, and this loss of time could not be measured in money. She suddenly realized that if she wanted to save money in the future, she would only choose a time deposit and not make other investments. This has led some to question that people who like fixed deposits are a pedantic bunch. But what is the actual situation? First, let's take a look at the characteristics of fixed deposits. Time deposit is a traditional deposit method with high security and stable interest rates. Depending on the length of the term of the deposit, the interest rate of a time deposit also varies. In general, the longer the term of the deposit, the higher the interest rate.
This deposit method can help people plan their funds, ensure the safety of funds and the stability of earnings. However, there are also some restrictions on time deposits, such as early withdrawal once the term of the deposit is determined, which will result in a loss of interest. However, for some savers, fixed deposits are not the only option. They may be more inclined to buy large certificates of deposit, treasury bonds, or wealth management products. A large certificate of deposit is a legally protected deposit method with a higher interest rate, but it needs to meet a certain amount threshold, usually requiring a minimum purchase amount of 200,000 or more. There is no threshold for treasury bonds, and the minimum purchase amount is 100 yuan, but the term is more prescriptive, and there are only 3-year and 5-year options at present. In addition, wealth management products, as a relatively flexible investment method, provide more choices.
As a large state-owned bank, Bank of China has a wide range of wealth management products, and the expected yield of prudent wealth management products is usually around 4.0% annualized. For those who prefer fixed deposits, their choice is not pedantic, but out of consideration for the safety of funds and stable income. As a traditional deposit method, time deposits have a relatively low yield, but they are highly secure and can ensure that the principal is not lost. In contrast, other investment methods can be risky and have volatile returns. Moreover, time deposits are less liquid, which can help depositors curb impulse consumption and better manage their funds. However, be rational with the proceeds of fixed deposits. Although the yield on time deposits is relatively low, interest rates are certain and are not affected by market fluctuations.
The expected rate of return of wealth management products is only a reference value, and the actual return may have a large gap. Therefore, when choosing an investment method, depositors need to consider comprehensively according to their risk tolerance and financial goals. To sum up, people who like to save regularly are not pedantic, on the contrary, they are wise. As a safe and stable deposit method, time deposits are suitable for those who seek to preserve and increase the value of funds and want to plan the safety of funds. However, for investors looking for higher yields and a higher risk tolerance, other investment approaches may be more suitable. Each person's situation is different, and you should choose the right way according to your actual situation and investment goals. Ultimately, we should manage our personal finances and achieve our financial goals in a rational and prudent manner.
What do you think of the choice between time deposits and other investment methods? Do you agree with time deposits as a safe and stable way to invest? Welcome to leave a message to share your views and experience! Bank wealth management losses make people think deeplyBank wealth management products have always been the first choice for public wealth management, but recently many people have encountered losses in investment bank wealth management, which makes people wonder whether bank wealth management is a good choice for everyone to manage their finances. The author purchased a stable wealth management issued by a bank some time ago, with a term of one month and an annualized expected return of 4.1%, but because it is a net worth fee, it has been in a loss state after the purchase, and it is still a loss until the maturity. Although the principal is not much, it is still very heavy. This also makes us pay more attention to the risks and benefits of bank wealth management.
The reason behind the loss of bank wealth management Some people may ask, is bank wealth management not safe? Why is it a loss? In fact, the income of bank wealth management products is not fixed, but will be affected by various factors such as market environment and national policies. Especially in the current economic situation, the yield of bank wealth management products has generally declined, and the risk is gradually increasing. In addition, the rate of bank wealth management products is also an issue that needs to be regulated. The fees of many products are too high, which further reduces the yield of wealth management products and increases investment risks. Venture capital needs to be chosen carefullyTherefore, for those who have insufficient risk tolerance, investment banking needs to be carefully chosen.
It is recommended that you carefully read the instructions and contract terms of wealth management products, understand the investment scope, investment period, risk assessment and other information of the products, assess your own risk tolerance, and do not blindly follow the trend. In addition, investment bank wealth management also needs to diversify investment, do not put all the money into the same product, to avoid all losses due to one investment mistake. More importantly, don't forget to plan and evaluate your financial situation and maintain a rational investment attitude. Interest rate cuts are an inevitable trend, and many people complain that interest rates on bank deposits are getting lower and lower, and deposits are not worth it. This is indeed true, and the deposit rate of banks is now much lower than in the past. Interest rate cuts are also inevitable in the future, which is determined by our basic national conditions.
When the economy is down, banks can only stimulate the economy and release deposits by constantly cutting interest rates. Therefore, for those who have spare money in hand, it is still necessary to seize the time to save money, lest the bank cut interest rates again, resulting in a decrease in interest income. Saving more money is an indispensable confidence for coping with the futureFinally, we must also realize that the role of money is far more than the current life and consumption, and more importantly, to deal with unpredictable events that may occur in the future. For example, sudden unemployment, illness and hospitalization, other major events, etc., these all cost a lot of money. What should we do in the future if we do not have a deposit? Money is our greatest confidence and dignity, which can help us get out of financial difficulties and face the future more calmly.
Therefore, regardless of our current state of life, we should save more money within our ability to fully prepare for the future life. ConclusionFor the problem of bank wealth management losses, we need to realize that investment and wealth management products need to be carefully selected, assess their own risk tolerance, and not blindly follow the trend. The decline in bank deposit interest rates is also a general trend, and we need to hurry up to save money and make financial plans for the future. Money is the strength and dignity of our lives, and in order to cope with unpredictable events that may occur in the future, we must also save more money within our ability.