Agricultural Bank of China is one of the six major state-owned banks in mainland China and is known for its high reputation and strength. As a reliable financial institution, ABC provides a variety of deposit methods for ordinary people to choose from.
First, let's look at demand deposits. The interest rate on demand deposits is relatively low, so it is not advisable to store a large amount of spare money in them. However, demand deposits are convenient and fast, making them very suitable in everyday life.
Next is the call deposit. There are two types of call deposits, one-day and seven-day, and they have a somewhat higher interest rate than demand deposits. More importantly, call deposits can play a certain degree of risk control in times of economic instability.
Fixed deposits, on the other hand, have multiple interest rates depending on the amount of money held by depositors. This means that if you have more money to invest, you can enjoy a higher return.
In addition to the above forms, there are also large-amount certificates of deposit and savings treasury bonds to choose from. The interest rate of large-amount certificates of deposit is higher than that of fixed savings, but a minimum purchase of 200,000 yuan is required; Savings bonds are one of the flexible investment methods, and the threshold is relatively low, with a minimum of only 100 yuan.
In addition, ABC also provides wealth management products, fund products and bancassurance products. However, these methods are relatively risky and not suitable for ordinary people to invest.
In general, ABC, as a large state-owned bank, is trustworthy in terms of security. It offers a variety of deposit methods for depositors to choose from, and it is convenient and fast. Therefore, for ordinary people, it is a good choice to deposit their spare money in the Agricultural Bank.
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