#精品长文创作季#
With the change of life concept, it has also changed the lifestyle of many people, and also changed the concept of savings for more Chinese people.
During the boom period, the mainland economy is in a state of rapid development, and many Chinese people will habitually use various credit payment tools to overdraft their expected income in the future.
With the steady growth of the economy, as well as well-known reasons, everyone is more inclined to go to the bank to save money, through savings, to avoid various risks that may arise in the future.
What kind of choice should we make when we go to the bank to deposit money? There are time deposits, demand deposits, and time deposits have different years, how should we choose?
1. There are different deposit methods
To understand how to save money, you must first take a look at some of the common deposit methods.
At present, the most common way to deposit money in the bank is demand deposit and fixed deposit, which are very different from the two.
A demand deposit means that you can deposit and withdraw money flexibly.
When depositing money, you don't need to consider the deposit period, as long as you deposit the money into the bank card, you can deposit and withdraw it anytime and anywhere with valid documents and bank cards at any official branch opened by the bank.
The biggest problem with demand deposits is that the interest rate given by the bank is relatively low.
There is a big difference between a fixed deposit and a demand deposit. Fixed deposits often need to be demarcated with the bank for a deposit period, and the money cannot be withdrawn until the time agreed by both parties.
However, the interest rate given by the bank for fixed deposits is relatively high.
Let's take the Agricultural Bank of China as an example, if you make a three-year fixed deposit in the Agricultural Bank of China, the fixed interest rate can reach 1.95%.
If you have a term term of five years, you can reach 2%, but if you only have a term of three months, the interest rate is only 1.15%. Interest rates on demand deposits tend to be lower as well.
The difference between the interest rate between demand deposits and time deposits given by banks to customers will be relatively large, which is mainly directly related to the operation mode of the bank.
The bank itself is to help users to deposit money, and then give users some interest.
The interest given by the bank to the user is that the bank can use the money in its own hands to make some business investments, such as providing lending services to others, etc., and collect interest in it.
A portion of this interest is then given to those customers who have made deposits. In such a situation, it is natural for banks to expect customers to be able to make fixed deposits.
In this way, the bank can have a large amount of funds at its disposal anytime and anywhere, and the bank will not have a crisis in the capital chain.
If all customers make demand deposits, it means that customers can withdraw all their money anytime and anywhere.
If there is a run, there is a possibility that the bank's capital chain will be broken, and the bank will be liquidated.
Therefore, banks are more inclined to allow customers to make fixed deposits, and the way to attract customers is to offer higher interest rates.
In order to provide customers with more choices, banks have launched differentiated services.
Fixed deposits also have different timelines, ranging from three months to five years, depending on the client's needs.
If the customer has more funds in hand and does not have any large consumption, the longer the time to apply for the fixed deposit, the more interest will be paid.
For some customers who have limited funds in their hands and want to enjoy high interest rates, they can apply for short-term fixed deposits in a targeted manner.
If you really want to apply for a fixed deposit, should you choose a one-year or three-year term? This depends not only on the needs of the individual, but also on the changes in the economic situation.
2. Take what you need
In fact, bank insiders have long revealed the news that the bank certainly wants customers to make fixed deposits.
I believe that when some Chinese people go to the bank to handle the deposit business, some bank staff will sell them the time deposit business, and the reason given is that the interest rate of the time deposit is relatively high, of course, this is an objective fact.
But for Chinese people, what kind of business to handle depends on personal needs.
If you don't have much money in your hand and you need to use it at any time, you must make a demand deposit.
And if you have money, you are not in a hurry to use it, and you can also use a fixed deposit. However, whether it is for one year or three years, it is actually more recommended to have a one-year period.
One year is a shorter period of time, and it is relatively less risky. Moreover, the interest rate gap between one-year and three-year time deposits is not very large.
The interest rate on a one-year fixed deposit is around 1.45%, and the interest rate on a three-year deposit is around 1.95%.
In other words, the three-year term is only 0.5% higher than the one-year period, and for the sake of 0.5% interest, it is too risky to directly deposit the money in the bank for two more years and not be able to take it out.
In an era of rapid economic development, most people have a stable and reliable long-term expected income, and naturally don't care about the time of the year or two.
However, the current economic situation has changed, and after the epidemic is over, the mainland economy is in the recovery stage.
In the course of recovery, there will be all kinds of pains, and besides, it is also a critical period for the reform of the mainland's economic structure.
The emerging intelligent and modern industry is gradually replacing the traditional industry, and the new economic pillar is in the development period, and there will definitely be some problems at this stage.
As long as this period is passed, the mainland's economy will once again enter an era of rapid development, but this itself will require a time of adjustment.
In the past few years, for individuals or some small business investors, the thing to think about is not to make more money, but to keep the principal in their hands and wait for the future.
Adequate reserves should also be set aside to deal with some contingencies.
In the case of capital preservation and reserve funds, it is in the best interest of most people to apply for a one-year fixed deposit.
For fixed deposits that are too long, the uncertainty is indeed relatively high.
Of course, for some customers who want to protect their capital and enjoy the high interest rate of the bank, they can also take such a means, that is, to solve the problem through reasonable property allocation.
Let's take an example, if a bank customer has 1 million RMB in his hand, he wants to use the money to save in the bank.
He currently has two options, one is to apply for a fixed deposit and the other is to apply for a demand deposit.
Banks do not specify exactly how much money should be deposited for time deposits and demand deposits.
The bank's customers can use 700,000 out of 1 million yuan to handle fixed deposits with a tenor of about one to five years, and eat high interest rates.
And the remaining 300,000 yuan can be used as a reserve to deal with emergencies in future life.
Adopting this differentiated deposit method can also help customers maximize their benefits.
But in general, what kind of deposit plan to adopt depends on the reality of the situation and the needs of each individual.
But it is important to remember that in this day and age, it is important to keep your money and set aside some reserves. Don't blindly put all your money into the long-term period.
3. Don't put all your eggs in one basket
Finally, I want to tell everyone that you can't put all your eggs in one basket.
When going to a bank for business, don't just choose one bank, you should go to multiple banks for comparison.
See which bank gives a higher interest rate, which bank provides better service, which bank has better creditworthiness, and so on.
This is also to be able to keep the assets in your hands as much as possible.
At the same time, if you can not go to those small banks or local commercial banks, do not go to these places to deposit money. Mainland law allows banks to go bankrupt.
In the past few years, there have indeed been bank failures. And after the bankruptcy of these small banks, the impact is often relatively large.
A small bank doesn't mean it doesn't have customers. In order to attract customers, many small commercial banks will launch some deposit products with significantly higher interest rates than large banks to attract customers.
After these banks go bankrupt, of course, the funds of those bank customers will not be wasted, but it is a problem to withdraw the money in time.
According to the relevant regulations, if a person's savings in a bankrupt bank is less than 500,000, the insurance company can pay the full compensation in time.
If it exceeds 500,000 yuan, it will have to wait until the relevant departments have completed the bankruptcy liquidation of the bankrupt bank before they can get compensation.
But how much money can be lost has to be analyzed on a case-by-case basis.
So in this day and age, it's safest to keep your money in a big commercial bank, such as the Big Four.
And when you go to the bank to handle business, don't listen to what the bank staff says, and buy various investment and wealth management products.
In this era, it is not the time to make money by buying wealth management products.
Many wealth management products are very risky.
If you lose money by buying wealth management products now, it will be much more difficult to earn that money back than it was a few years ago.
And indiscriminate financial management and indiscriminate investment are themselves the most dangerous traps for the middle class to return to poverty.
For those middle-class people who already have a small amount of assets in their hands, they must not invest indiscriminately.
epilogue
If you want to apply for a fixed deposit, it is also recommended to apply for a short-term fixed deposit, which is more in your own interest.
Banks do give interest, but banks don't give much interest.
If you are thinking about how to make money through bank interest, it is better to find a way to work actively and earn more money as a reserve.
Waiting for the economy to fully improve before investing is the way to go.
Resources:
When you go to the bank to deposit money, should you choose 1 year or 3 years? Insiders give the answer, don't choose the wrong one!
hatps://baijiyahao.baidu.com/s?id=1776102537869737482&dfr=spider&for=pc
When you go to the bank to deposit money, should you choose a 1-year term or a 3-year term? Insiders give advice, don't choose the wrong one!
hatps://baijiyahaao.baidu.com/s?id=1767853682731153323&dfr=spider&for=pc
On January 5, 2024, the Agricultural Bank of China fixed deposit interest rate table is here: 150,000 deposits for 1 year, how much is the interest?
Hatps://baijiyahao.baidu.com/s?id=1787168624530226315&dfr=spider&for=pc