Putting money in the bank for savings is a safe and practical way, not only safe and secure, but also has a certain interest income, which is the choice of many friends without hesitation.
However, there are many ways to deposit money in banks, and there are differences in different types of interest earnings, and the storage time is also very knowledgeable. If you have a large denomination of 100,000 yuan in savings, which is more cost-effective to deposit for one year or three years?
First, it is different from the difference in interest rates
When you need to deposit an amount of 100,000 yuan, the first thing you consider is the fixed deposit, and the interest will be relatively high. The next thing to consider is the time of deposit, which is generally chosen in the term of one or three years.
The interest rate for a one-year deposit is 1.55%, and the interest rate for a three-year time deposit is 2.2%, which is calculated to be 0.65 percentage points.
If you are not good at math, we can get the answer through the computer, the interest on a 100,000 yuan fixed deposit is 1,500 yuan, and the interest is as high as 6,600 yuan in three years. After seeing this data, of course, the three-year regular will be more cost-effective, and the interest will be greater.
Second, look at the gap from the perspective of flexibility
However, three years is also a long time, during this period, if you encounter an emergency and need to use money urgently, you withdraw from this fixed deposit, and the interest rate will also change.
This liquidity risk will also be greatly increased, for friends who need turnover at any time and have unstable income funds, it is not suitable for a longer period of time.
According to the bank's regulations, if you withdraw your time deposit early, your interest will be calculated based on the actual deposit period and the corresponding interest rate. In other words, if you take out the money before the time is up, the interest will be greatly discounted, or even lower.
In this way, the previous financial planning will become meaningless, so in many cases, it will not be suddenly withdrawn during the fixed deposit period unless it is absolutely necessary, resulting in a significant reduction in interest income.
To put it simply, if you need money for a period of three years, you will withdraw it when you suddenly need it after one year, and the interest will be calculated at an interest rate of 1.55%.
On the contrary, even if you need to use the money after half a year, the interest will be based on the interest rate of half a year, which is 1.45%. And with a fixed deposit of 100,000 yuan a year, you can make three fixed deposits in a row, so that you can earn three interest.
When you need money every year, you can shorten the waiting time and face all kinds of unexpected situations.
In this way, a one-year fixed deposit is more flexible and can be withdrawn in time for emergencies with minimal losses.
Third, the market changes, and the interest rate is very different
We also need to consider the difference in the change of bank interest rate, because the interest rate will be adjusted according to market changes, and the development of the economy will lead to the rise and fall of interest rates.
If you have a regular interest rate increase in your deposit for a year, then after one year, you can enjoy the benefits of the interest rate increase, so that your income will increase, and you don't have to wait too long and suffer losses in a hurry.
On the contrary, friends with a three-year fixed term need to wait for the end of the regular time before they can enjoy the benefits of interest rate increases.
If you have a three-year fixed deposit with an interest rate cut, the advantage is greater than that of a one-year fixed deposit, because you can enjoy the initial high interest rate income for three years, and there will be no change due to the sudden interest rate cut.
For those who have deposited a deposit that matures in one year, they will have to make a profit according to the latest adjustment.
Because the bank interest rate is fixed the moment you make a deposit, the subsequent interest rate change does not take effect immediately.
Epilogue:
Savings are a symbol of people's hard work, let yourself and your family live a good life, and choose a high-quality financial management method when you have a deposit, which can help us maximize our returns.
Choosing the length of the deposit time, are according to their own needs to choose and measure, everyone's situation is different, there is no standard answer, as long as you manage your money properly, reasonable choice for yourself.