A-shares fell below 2,900 points, and the shareholders have been suffering for a long time;
This year, I really answered that sentence. Money is hard to make, that is what is unpalatable.
Now it seems that although the yield on deposits is low, it is expensive to be stable, and you can give as much interest as you say, without worrying about the loss of principal and interest after maturity, which is suitable for the current poor investment environment.
However, the deposit interest rate is also constantly falling, in the past year, the four major banks have lowered the listed interest rate twice, and now the listed annualized interest rate of one-year fixed deposit is only 1.55%, and the longest five-year fixed deposit annualized interest rate is only 2.65%.
Small and medium-sized banks have relatively high yields, mainly urban commercial banks, rural commercial banks, and village and township banks distributed throughout the country. Although the deposit interest rates of these banks are also declining compared with previous years, they still have certain advantages, especially at the end of each year and the first two months of the second year, banks tend to increase the fixed deposit interest rates in stages.
Recently, many small and medium-sized banks have announced the launch of a "good start", the most important measure is to raise the interest rate on fixed deposits, between December and March next year, the interest rate on deposits has increased, can rise by 5 to 30 basis points, and some banks have given a three-year fixed deposit annualized interest rate of more than 3.5%.
Why do small and medium-sized banks "release a lot of water" at this time? Could it be that they are afraid that they are making too much money and give some dividends to depositors?
Obviously, this kind of thinking is very naïve, banks are commercial institutions, they will not be afraid of more money, and the starting point of engaging in "good start" is to make more money. If it is to make money, how can it pay more interest on deposits by raising interest rates? There are two reasons.
First, bank employees want to make more money.
The bank has a deposit index, which needs to be assessed at the end of the year, and those who complete it can get more year-end bonuses, and may have to deduct money if they fail to complete it. Some small and medium-sized banks have issued "orders" requiring all employees to collect savings and deduct wages of less than 1 million yuan.
In order to complete the savings target and get more year-end bonuses, all outlets try their best to pull deposits, and it is undoubtedly the best move to give high interest rates at the end of the year to attract people to save money.
Therefore, the phased increase in deposit interest rates to bring more deposits to banks is, to some extent, for the sake of employees' own wallets.
Second, banks need to accumulate "grain and grass".
Knowing that the branches are "cautious in their thinking," why did the head office not only not stop it, but agreed to raise the deposit interest rate in stages? It is important to know that the deposit interest expense is the biggest cost of the bank, and the increase in this part of the expenditure will directly pull down the bank's profit margin.
In fact, banks can make money by raising interest rates, maybe with a lower profit margin but with a higher profit margin.
The first quarter of each year is the peak credit period, when the loans of enterprises expire and they need to reapply for loans, banks make money by charging interest on loans, and the more money lent out, the higher the returns. Therefore, don't think that banks only have savings indicators, in fact, there are lending indicators.
Lending can make money, the premise of lending is money, deposits are like means of production for banks, only sufficient raw materials can make money, so even if "out of a little blood" (increase the deposit interest rate) to strive for more deposits at the end of the year and the beginning of the year, and wait until the beginning of the year to have enough funds to lend to enterprises to obtain loan interest income.
From this point of view, the "good start" is a win-win, with depositors getting higher interest rates on their deposits and banks grabbing deposits.
Small and medium-sized banks are all riveting and must not lag behind. A village and township bank in Zhejiang raised the interest rate on three-year fixed deposits to 3.15 percent from December 15, nearly one percentage point higher than the 2.2 percent of the four major banks; Haikou Sunan Village and Township Bank was even more aggressive, announcing that it would raise the annualized interest rate on three-year fixed deposits to 3.45 percent from December this year to March next year, and even higher to 3.65 percent for five-year fixed deposits.
There are many similar situations, which will not be listed one by one in this article.
If you happen to have a sum of money due or have just deposited a deposit at a low interest rate not long ago, you can consider taking advantage of this time to deposit money in those banks that have raised the fixed deposit interest rate in stages in order to attract savings, and you can earn a little more interest, especially considering the fact that the fixed deposit interest rate will still decline in the general direction in the future.
Some friends may be worried that the banks that raise interest rates are all small and medium-sized banks, and some have not even heard the name, whether it is safe to deposit money in it, and whether it will lead to losses due to bank bankruptcy?
There is no need to worry, the mainland's banking supervision is quite strict in the world, and there will not be a situation in the United States where banks go bankrupt every year, and there are only a handful of bankrupt banks since the founding of New China, no more than five
In addition, in 2015, the mainland established a deposit insurance system, the "Deposit Insurance Regulations" stipulate that every bank must participate in deposit insurance and pay premiums, and the money stored in the bank is protected by the deposit insurance system, and the principal and interest of deposits within 500,000 yuan are extremely safe. Even if the bank does go bankrupt, the deposit insurance fund will pay all the principal and interest up to 500,000 yuan.
Therefore, as long as your deposit amount does not exceed $500,000, you can deposit money in any bank with peace of mind. If it is more than 500,000 yuan, it can be divided into multiple accounts or deposited in different banks, so as to ensure that the total amount of deposits in the same bank is less than this figure.