In a few days, we will usher in New Year's Day 2024. It is reported that many small and medium-sized banks have raised the deposit interest rates of various grades one after another in order to attract the inflow of depositors' funds. According to the data, the three-year deposit interest rate of some small and medium-sized banks has been raised to more than 3%. At the same time, many banks have started to deposit rice, edible oil, small household appliances and other activities. However, some industry insiders revealed that starting next year, "people who hold fixed deposits" need to make the following four preparations, and many people have not yet noticed it.
Preparation 1: Have a certain amount of cash reserves in hand
Nowadays, many people see that banks have raised the interest rates on deposits with a maturity of 3 years and 5 years, so they deposit all their money in fixed deposits with a maturity of more than 3 years. Although this can lock in the deposit rate, there is also a liquidity problem. In the event of unemployment, illness and other emergencies, the cash needs to be withdrawn in advance, and the fixed deposit will be counted as the current interest rate, so the depositor will suffer a significant interest loss.
Therefore, it is recommended that savers should set aside a portion of their cash reserves to ensure sufficient liquidity for the next few years, and then put the remaining money in a 3-year fixed deposit, so that it is unlikely that they will withdraw their deposits early due to the need to use funds.
Preparation 2: Diversify your investments and reduce your risks
Nowadays, many depositors prefer to keep their money in small and medium-sized banks, because the interest rates offered by small and medium-sized banks are much higher than those of state-owned banks. For example, the three-year deposit interest rate given by some village and township banks is now 3.2 percent, while the three-year deposit interest rate of state-owned banks is 2.6 percent.
However, since the beginning of this year, 10 village and township banks have declared bankruptcy and closed down due to poor management and other reasons. Therefore, in this case, we recommend that depositors, even if they want to covet the higher deposit interest rate of small and medium-sized banks, should also diversify their investments, especially in a bank with no more than 500,000 deposits.
Preparation 3: Be prepared to deal with the long-term decline in deposit rates
Although some banks will raise deposit rates accordingly by the end of the year, there is still room for bank deposit rates to fall in the long run. Therefore, savers should be prepared for a long-term decline in deposit rates. If you are a risk-averse investor, you can save your deposit for a longer period of time so that you can lock in the interest rate on your deposit. Of course, you should also have some liquidity around you to deal with unexpected needs.
And if you can tolerate a certain amount of risk, then you can diversify your asset allocation. For example, if you have a deposit of 800,000 yuan, you can take out 400,000 yuan to deposit large certificates of deposit and buy treasury bonds, and then take out 300,000 yuan to buy structured deposits, bank wealth management products below R2, and bond funds. Take the remaining 100,000 yuan to buy bank stocks, because bank stocks are less risky and have cash dividends every year. In this way, the risk can be minimized, and a relatively high investment return can be obtained.
Preparation 4: Pay attention to market dynamics and learn Xi financial knowledge
At present, there are many bubbles in the domestic stock market, property market, foreign exchange and other capital markets, so the risk of blindly investing in the capital market will be very large, and if you don't do it well, you will lose the principal, but it is better to keep the money in the bank to be safer. However, many savers lack investment knowledge and experience. Therefore, depositors can also learn some knowledge Xi and skills of investment and financial management while depositing their money in the bank and waiting for new investment opportunities. In this way, once the bubble of the stock market and property market bursts in the future, you can have the opportunity to speculate in the capital market and become a winner in life.