Today is December 16th, and Bank of China, as one of the six state-owned banks, has strong strength and business outlets all over the country. In addition, Bank of China is the bank with the largest business authority among all commercial banks. Responsible for the settlement of all foreign exchange business in mainland China. At the same time, it is also one of the three major banks in Hong Kong to issue Hong Kong dollars.
The big state-owned banks are well-known and safe to save money. Many depositors like to keep their money in the Bank of China.
Let's take a look at how much interest can be on 40,000 yuan deposited in the Bank of China?
current
For demand deposits, we must complain: whoever keeps the money in the long-term survival period is a big fool.
Because the interest rate on demand deposits is really outrageously low. At present, the interest rate of demand deposits in Bank of China is only 0.20% per annum.
Put 40,000 yuan, in the survival period, one year's interest is:
40,000×0.20%=80 yuan
In the life period of 40,000 yuan, the interest for one year is only 80 yuan. This is no longer saving money, but taking your own money and working for the bank.
We often say that saving money comes first. Because only by ensuring the safety of the principal, it makes sense to talk about other things. Demand deposits are very safe, principal and interest guaranteed. However, its interest rate is too low. The survival period of the money is equivalent to taking your own money and contributing to the bank free of charge. This kind of "money is stupid", everyone must not do it.
regular
Here is a big truth that many people like to hear: all savers who like to keep their money fixed are down-to-earth and very pragmatic people in life.
However, there are some people who don't like fixed deposits, saying that fixed deposits are not good every day, and despise those who save fixed deposits. I know someone close to me who is showing off his funds and stocks every day.
One of the things he often says is: for the same 100,000 yuan, he makes more money in a day of stock trading than the interest of saving a fixed term for one year. Whoever keeps his money fixed is a big fool.
But what about the final outcome?
This person has been tossing for many years, not to mention that he has not earned a penny, and he has lost a lot of principal. Listening to his bragging, people who don't know still think that he is a senior financial expert. As soon as I turned on his phone and looked at his results, it was simply blind.
On the other hand, those who keep their money in a fixed period do not have to worry about anything, they can rest easy by putting away their regular passbooks (certificates of deposit) and protecting their passwords. Don't worry about anything, you can get interest every year.
Can this be a big fool? This is great wisdom and foolishness.
Bank of China's latest deposit interest rates for December, fixed deposits, are as follows:
For a three-month term, the interest rate is 1.50% per annum. Put 40,000 yuan, save it for three months, and the interest for three months at maturity is:
40,000×1.50%÷4=150 yuan
For a six-month term, the interest rate is 1.70% per annum. Put 40,000 yuan, save it for six months, and the interest for six months at maturity is:
40,000×1.70%÷2=340 yuan
For a one-year term, the interest rate is 1.80% per annum. Put 40,000 yuan, save it for a one-year fixed term, and the interest for one year at maturity is:
4万×1.80%＝720元
For two-year term, the interest rate is 2.10% per annum. Put 40,000 yuan and deposit it for two years, and the interest for two years is:
40,000 ×2.10%×2=1,680 yuan
For a three-year term, the interest rate is 2.60% per annum. Put 40,000 yuan and save it for a three-year fixed term, and the interest for three years at maturity is:
40,000×2.60%×3=3,120 yuan
Five-year term with an interest rate of 2.65% per annum. Put 40,000 yuan and save it for a five-year fixed term, and the interest for five years at maturity is:
40,000×2.65%×5=5,300 yuan
The interest rate of a fixed deposit is that the longer the tenor, the higher the interest rate. The same is 40,000 yuan, saved for five years. A one-time deposit for five years is worth 1,700 yuan more than a year-to-year redeposit.
Therefore, if you save a fixed deposit in the future, how can you be sure that you will not use it for three or five years, then save a fixed deposit with a longer term at one time, and do not redeposit it year by year.
However, there is also a problem with long terms, that is, the flexibility of money will be relatively poor.
Many ordinary people may only have such a sum of money in their hands. If something happens, you have to take it out. Once the fixed deposit is withdrawn in advance, all the interest will be settled according to the current interest rate.
Therefore, if you are not sure whether the money will be used in the future, then save for a shorter period. After the expiration date, it will be more secure to transfer it again and again.
Large certificates of deposit
As for large-denomination certificates of deposit, it can be said that the depositors who can buy large-denomination certificates of deposit belong to relatively wealthy people.
Because there is a threshold for the amount of large-value certificates of deposit, a minimum purchase of 200,000 yuan is required. This amount threshold turned away most depositors.
Bank of China in December, large certificates of deposit, the latest deposit interest rate table is as follows:
The interest rate for one-month certificates of deposit is 1.60%.
The interest rate on three-month certificates of deposit is also 1.60%.
The interest rate on a six-month certificate of deposit is 1.80%.
The interest rate for one-year certificates of deposit is 1.90%.
The interest rate for two-year certificates of deposit is 2.15%.
The interest rate on three-year certificates of deposit is 2.65%.
Certificates of deposit (CDs) are also deposits, which are also protected by law. Moreover, its interest rate is also higher than that of fixed deposits. For the same deposit amount, it must be more cost-effective to buy a large amount of certificates of deposit.
For small deposits, go to the fixed deposit.
For large deposits (up to 200,000 yuan), go and buy large certificates of deposit.
Savings Treasury bonds
Savings treasury bonds, issued by the Ministry of Finance of the People's Republic of China, are safe to guarantee principal and interest, without any risk.
The latest issue of savings treasury bonds is a certificate-type treasury bond, and the interest will be settled in a lump sum at maturity.
The interest rate on the three-year Treasury bond is 2.63% per annum.
The five-year Treasury bond has an interest rate of 2.75% per annum.
If you buy a three-year treasury bond for 40,000 yuan, the interest for three years at maturity is:
40,000×2.63%×3=3,156 yuan
Put 40,000 yuan to buy a five-year treasury bond, and the interest at maturity for five years is:
40,000×2.75%×5=5,500 yuan
Savings treasury bonds guarantee principal and interest, there is no amount threshold limit, and it is very close to the people. In addition, the interest rate is higher than that of fixed deposits. If you encounter an emergency on the way, if you withdraw it in advance, you can also rely on the file to calculate interest. Money that has not been used for a long time is very suitable for buying savings bonds.
summary
Bank of China, as a veteran state-owned bank, has strong strength. The biggest advantage of keeping money in the Bank of China is that you don't have to worry about the bank going bankrupt.
Moreover, the business outlets of the Bank of China are also all over the country. No matter where you go, it is very convenient to deposit and withdraw money.
We ordinary people, it is a very good choice to deposit money in the Bank of China.