When it comes to the Postal Savings Bank, I believe everyone is familiar with it. As one of the six major state-owned banks, it has strong strength and business outlets all over the country. In particular, many middle-aged and elderly depositors like to deposit their money in the Postal Savings Bank.
At this time of year, towards the end of the year, the Postal Savings Bank will launch some "new deposit activities".
Recently, many people have been asking that the Postal Savings Bank has now launched a new activity of "saving 20,000 yuan a year", with guaranteed principal and interest, high interest rates, and many valuable gifts to take.
Is this kind of money saving activity reliable? Can we ordinary people save with confidence?
Let me give you the answer first: you must be cautious! Be careful how good you save now, and how miserable you will cry when you withdraw money in the future.
Postal Savings Bank, deep money saving routine
At the end of each year, which is the time now, is the busiest time for the Postal Savings Bank.
Because the Postal Savings Bank will cooperate with many insurance companies and try its best to sell various insurance products. This kind of "saving 20,000 yuan a year", and you can give away valuables when you do it, is one of them.
Under normal circumstances, the gifts given by the bank are some small gifts such as rice, oil, and paper towels. However, for this kind of "saving 20,000 yuan a year" activity, the bank will give you very expensive gifts, even a smartphone, or an electric bicycle.
The Postal Savings Bank is so kind and gives back to depositors at the end of the year?
Of course not.
There is a good saying: wool comes out of sheep. If you want to take advantage of the bank, then you will fall into the "deposit trap" of the bank.
Because this kind of "saving 20,000 yuan a year" deposit activity is not a traditional deposit, let alone a fixed term, but a bank insurance period payment product.
There are 20,000 savings a year, and there are many pits in it. If you're not careful, you could end up working for a day job. There is even a possibility that there will be a loss of principal
First of all, this kind of "saving 20,000 yuan a year" activity does not mean that if you save this year, it will be settled later. It has to save 20,000 yuan every year, and it has to save many times in a row.
It is a term payment product.
At present, the term payment products sold by the Postal Savings Bank are generally paid for five years.
In other words, if you save 20,000 this year, you will save 20,000 next year, and you will continue to save later. You have to save five times in a row, a total of 100,000 yuan.
There are some bank managers who, in order to sell the insurance, do not make it clear to the depositors at all. Some people buy it and think they only need to save it for a year. Wait until the next year to receive a call to urge you to pay the fee, and then you are confused, why do you have to save another 20,000?
At this time, it is really tragic, and when only one year of payment is made, the surrender loss is particularly large. For a principal of 20,000 yuan, you will lose at least seven or eight thousand yuan of principal.
Secondly, this kind of annual insurance period payment product is generally a lifelong type. In other words, after you buy it, there is theoretically no expiration date. Only when you die will it be considered the expiration date.
Even if you save 20,000 yuan a year and save for five consecutive years, can you surrender the policy and withdraw money after five years?
Definitely not.
Because the five-year period is only the expiration of the payment period, not the expiration of the insurance period. If you do take it out after five years, it's not a penny of interest. There are also products that may not even be able to keep the principal.
Some bank managers with bad consciences bully ordinary people who don't understand insurance products, so they deceive depositors, saying that they can withdraw them after five years.
When the depositor takes it out after five years and has no interest at all, then he knows that he has been deceived.
When I first bought it, the bank gave me a smartphone or an electric bicycle, which was worth one or two thousand yuan. At that time, I thought I had taken a big advantage, and my heart was happy.
Now, after saving for five years, there is no interest on a penny. For the past five years, I have been working day jobs for the bank. Even if you save for a fixed term, the interest in these five years is more than 2,000 yuan.
I thought I was taking advantage, but I actually suffered a big loss.
Finally, this kind of "saving 20,000 yuan per year" insurance period payment product has a particularly low income.
Save 20,000 yuan a year for five consecutive years.
If there is no maturity period, there will be a large loss of principal if the money is withdrawn within five years.
After a period of five years, the surrender of the policy can only ensure that there is no loss of principal.
After 10 years, the comprehensive income is only about 2.0% annualized. This interest rate is not as high as the interest rate of some small banks for a fixed year.
After 15 years, the comprehensive income is only about 3.0% annualized.
After 20 years, the comprehensive income can barely reach 4.0% annualized when the policy is surrendered.
In other words, if you buy this bancassurance product, you must save for at least 20 years before the income can be more cost-effective. Otherwise, it's really better to save a fixed term, or that treasury bond.
This kind of insurance product of "saving 20,000 yuan a year" is really not suitable for us ordinary people
To tell you the truth, insurance products are only suitable for the rich.
Because insurance products pay attention to medium and long-term planning. Rich people do planning, because there is money and capital to do planning.
Rich people have a lot of money, so they can take out a little money casually, buy insurance products, and leave it for one or two decades, which will have no effect on them.
However, we ordinary people can't.
Like this kind of "saving 20,000 yuan a year", ordinary people may be able to save 20,000 yuan a year if they are frugal. However, it is basically impossible to leave it untouched for one or two decades.
Life is hard, and money may be used at any time in life. Moreover, there are many places where you need to use a lot of money. Such as getting married, buying a house, buying a car, paying a bride price, getting married and having children, children going to college, children starting a family, and various accidents and illnesses.
Any of the above things, if you encounter any of them, you have to take out the money and use it. Therefore, it is really unwise to buy a term payment insurance product.
Finally, I warn everyone: There will be no pie in the sky! If there is really a good thing, others will definitely make a fortune secretly and will not tell you.
When you think about other people's interest, be careful that others are calculating your principal. For bancassurance products, especially term payment products, it is best for us ordinary people to stay away.