The bank has cut interest rates across the board, and high-yield deposit opportunities are rare, so please make an appointment with me immediately for the whitelist and buy it early on the open day. Recently, a reporter from the China Securities Journal received advertisements from a number of bank account managers promoting structured deposits.
In the context of interest rate cuts, the reporter noticed that structured deposits and large-amount certificates of deposit are being favored by account managers and depositors, and the interest rate of related deposit products of some banks can reach more than 3%. Experts believe that residents can diversify their assets according to their own risk appetite, liquidity needs and other factors to achieve wealth appreciation.
Structured deposits have become the main marketing force
"When I got the year-end bonus, I was going to go to the bank branch to deposit a fixed term, but when I saw that the interest rate was really low. I asked around, but I couldn't find a bank with a fixed deposit interest rate higher than 3%. The relationship manager recommended a structured deposit for new customers, with an estimated annualized rate of return of up to 3.30%, and decided to buy a structured deposit with this money temporarily. Xiao Yang, a resident of Beijing, told reporters.
Xiao Yang showed reporters the structured deposits he had purchased
Against the backdrop of bank interest rate cuts, the reporter noticed that structural deposits are being sought after. The reporter consulted a number of bank account managers and learned that structured deposits refer to deposits embedded in financial derivatives absorbed by banks, which link deposit income with specific financial indicators such as exchange rates, precious metal prices, interest rates, and stock prices, so that depositors are expected to obtain higher returns on the basis of bearing certain risks.
"Structured deposits are principal-protected, and generally have a short maturity and cannot be withdrawn halfway. Most products will have the possibility of three levels of yield. The specific interest rate after maturity depends on the return of the corresponding product of the structured deposit investment, but generally speaking, the interest rate will be higher than that of ordinary fixed deposit of the same maturity. An account manager of a joint-stock bank told reporters.
A customer manager of a branch of Xiamen International Bank told reporters: "There will be a fixed amount of structured deposits in each period, and there will be no more after they are sold out. Now it sells very fast, sometimes, there are more customers who expire in batches, and if everyone renews the contract, the quota consumption is very fast, and there are cases where customers can't grab it. ”
Certificates of deposit (CDs) remain highly sought-after
In addition to structured deposits, another deposit product, large certificates of deposit, is still favored by depositors. Although the reduction of deposit interest rates has become a trend, some small and medium-sized banks have launched relevant marketing activities to promote the "good start" activities of banks at the time of the upcoming Spring Festival, and the interest rate on large certificates of deposit still exceeds 3%.
"Stable value-added, fast circulation, and safe security, our bank has a minimum deposit of 200,000 yuan for large-amount certificates of deposit, with a five-year annualized interest rate of 3.6%, a three-year annualized interest rate of 3.4%, a two-year annualized interest rate of 2.9%, and a one-year annualized interest rate of 2.3%. Not only does the interest rate have an advantage over ordinary fixed deposits, but it can also be transferred in full or in part, and the liquidity is also stronger. We need to hurry up and grab it!" the account manager of a branch of Guangdong Huaxing Bank told reporters.
Image source: "Guangdong Huaxing Bank" WeChat public account
A customer manager of a branch of Chengdu Rural Commercial Bank told reporters that the bank launched a limited number of personal deposit products "Chinese New Year Certificates of Deposit" on the occasion of the New Year, with a three-year annualized interest rate of 3.1%, a one-year annualized interest rate of 2.3%, and a half-year annualized interest rate of 2.1%. "And now the 'good start' campaign has gift distribution, and the gifts are different depending on the deposit amount and period. There are vouchers for shopping malls, and you can get 15 vouchers for every 10,000 yuan saved. The above-mentioned account manager told reporters.
Image source: "Chengdu Rural Commercial Bank" WeChat public account
Experts recommend diversifying your assets
People in the industry believe that it is the general trend for commercial banks to reduce the cost of deposits and standardize the behavior of absorbing deposits. As deposit interest rates continue to fall, how should you take care of your assets and make your wallets "bulge"?
According to the research report of Zheshang Fund, depositors can consider investment products such as bank wealth management, treasury bonds, bonds, and funds with stable returns in combination with their own needs and risk-return goals, and rationally understand the risk-return relationship. You can also buy some products with lock-in periods, such as three-year treasury bonds, large-amount certificates of deposit, etc., in an environment of falling interest rates, it is also a good choice to lock in income in advance.
A bank wealth management person told reporters that bank wealth management products provide investors with a variety of investment options, with relatively stable and flexible characteristics, but at the same time require investors to have a certain risk tolerance. If you want to further improve the profit space while pursuing stability, you can appropriately and rationally choose different products for portfolio allocation.
责编:任浩鹏 | 审核:李震 | 监审:万军伟
(Source: China Securities Journal)