As one of the four traditional state-owned banks, Bank of China keeps money in Bank of China very safe, and we don't have to worry about any risks at all. But the biggest disadvantage of keeping money in the Bank of China is that the interest rate is too low, and the interest you get in hand is too small.
Many people come to our bank's business outlets and ask me, is it better to save money in a big bank in 2024? Or is it better to keep your money in small and medium-sized banks? What is the most important issue to pay attention to when saving money this year? Here comes the answer
For us ordinary people, when we go to the bank to deposit money, we only need to pay attention to two points: the first is the issue of the interest rate of deposits. The second is to make sure that it is a deposit, not an insurance or wealth management product. The most important thing to pay attention to is the quality of bank employees and the problem of illegal operations, but these are all probability events, and the six major state-owned banks also have employees who steal and embezzle depositors' deposits. As for the risk of bank failures, it is not a concern for us.
In addition, the biggest disadvantage of depositing money in the six major state-owned banks is that the interest rate is too low, and depositing the money in the six major state-owned banks has high security but low interest rates. As a banker, my advice has always been that if the principal amount of the deposit does not exceed 500,000 yuan, whichever bank has the highest interest rate should be deposited in whichever bank, all banks in the mainland have implemented a deposit insurance system.
On May 13th, the Bank of China deposit interest rate table came, 30,000 yuan deposited in the Bank of China for 1 year, how much is the interest?
There are not many types of deposits that can be deposited in Bank of China, only current, fixed and treasury bonds, the minimum deposit amount of call deposit is 50,000 yuan, the minimum deposit amount of large-amount certificates of deposit is 200,000 yuan, and the 30,000 deposit in Bank of China cannot deposit call deposits and large-amount certificates of deposit.
current
On May 13, the current deposit interest rate of Bank of China was 0.2%, with a survival period of 30,000 yuan for one year, and the interest for one year was only 69 yuan.
The survival period is not cost-effective, but there are always many people in life who have survived their money for various reasons, and as a result, they have lost a lot of interest in vain, no matter what the reason, the survival period of the money is the most unwise way to save money. Don't do stupid things with a lot of money.
regular
On May 13, Bank of China's latest fixed deposit interest rate table is as follows:
For a 3-month term, the interest rate is 1.4%.
For a 6-month term, the interest rate is 1.6%.
1-year term with an interest rate of 1.7%
For a 2-year term, the interest rate is 1.9%.
3-year term with an interest rate of 2.35%.
The interest rate on the 1-year fixed deposit of the Bank of China is 1.7%. 200,000 yuan is deposited in Bank of China for a fixed period of 1 year, and the interest after maturity is: 30,000×1.7% = 510 yuan. Through the calculations, we can see that the interest rate on fixed deposits of Bank of China is not high.
Wealth management products
There are two main types of wealth management products bought by banks, one is funds, and the other is insurance.
The risk is too great for the fund, the expected rate of return of the so-called stable wealth management products is about 4%, the expected return is 4.0%, and the actual return at maturity may or may not meet expectations, and in most cases this year, the expected returns will not be achieved. Even, there may be no income at maturity, and there will be a loss of principal.
Today's wealth management products have long broken the rigid payment. It is a particularly common thing that the income of wealth management products is lost.
For insurance products, the only disadvantage is that the term is too long, and it can only be redeemed at maturity, and if you need money urgently, you can't surrender the policy, and the flexibility is poor.
Insurance-based property management is higher than bank deposits in terms of yield, and we can buy it if we have a full understanding of insurance-type wealth management products.
For insurance-based wealth management products, there is no problem with the product itself, but the people who sell these products have problems, and often do not sell the right products to the right people, resulting in a lot of complaints.
A conscientious advice for everyone: people who do not have a risk tolerance must stay away from financial products.
national debt
There are 30,000, and in addition to deposits, you can also buy treasury bonds. But if there is only 10,000 yuan, there is no need to buy treasury bonds, because the principal is too small, and there is no point in buying treasury bonds.
The 10th of March to October every year is the day of treasury bond issuance, and friends who want to buy treasury bonds can pay attention to it in advance. Last year, the interest rate on the last Treasury bond was 2.35% for 3 years and 2.5% for 5 years, and there were only 3 years and 5 years in terms of maturity. After the bank cuts the interest rate, the interest rate on the newly issued Treasury bonds will definitely fall this year.
In particular, we need to remind everyone that in fact, the interest rate on treasury bonds is not much higher than the interest rate on fixed deposits in the same period, and there is no need to worry about whether treasury bonds or deposits. In addition, treasury bonds also have disadvantages, that is, there are few maturity options, only 3 years and 5 years, which is very inflexible, unlike fixed deposits, there are 6 maturities such as 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years.
When going to the bank to save money in 2024, you must remember these 3 key questions
First, make sure it's a deposit. If you encounter the activity of giving gifts with deposits, you must be clear about whether it is a deposit or not, and prevent the deposit from becoming financial management or deposit from becoming insurance, because there is no shortage of deposits in banks this year. As a banker, what I want to tell you is that in 2024, basically every bank will not lack deposits, if we go to the bank to deposit money and encounter the deposit to give gifts or deposit to send red envelopes, gift packages, we must be vigilant, to confirm whether it is a deposit, or other financial products or insurance products. Based on the results we confirm, we will make a decision on how to save money.
Second, certificates of deposit should be used as much as possible for large time deposits. When depositing, try to use paper deposit receipts, do not use bank cards, not because bank cards are not safe, the most important paper deposit receipts are convenient for middle-aged and elderly people to manage and find. Using paper certificates of deposit and depositing money in a bank, there is no difference in terms of security. The main reason why I recommend using a passbook to deposit money is that it is convenient to manage, when I work in a bank branch, I often meet depositors who come to the bank to check their deposits, and there are too many bank cards for bank depositors, and even they don't know how much money they have saved, and they don't know whether there is a deposit in the bank card.
And the deposit with the paper version is clear at a glance, very clear and easy to manage. Of course, if you only have one or both bank cards, you can also deposit the money in the bank card. Using certificates of deposit to deposit money will increase people's sense of psychological security, after all, certificates of deposit can be seen and touched, and the deposit information such as deposit interest rate and deposit time on it is clearly recorded. But in essence, the security is exactly the same as using a bank card deposit.
Third. Determine the term of the deposit reasonably. In terms of the choice of deposit term, you must determine it according to your own time situation, and it is not that the longer the better. Bank deposits are nothing more than 2 types: demand and time.
Among them, demand deposits can be deposited and withdrawn at any time, with strong flexibility but very low interest rates, and the interest rate of demand deposits in most banks is only 0.2. The interest rate of fixed deposits is relatively high, common fixed deposits have 1 year, 3 years and 5 years, we must determine the deposit period according to our future use of money, and time deposits can also be withdrawn in advance, but withdrawn in advance, all deposits are calculated and settled according to the current interest rate of the day.
Source: Baidu Guanlan Finance
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