When you have a deposit, do you choose to deposit it in a rural credit cooperative or a postal savings bank? This issue has always been concerned by the general public.
If you're in a small county or rural area, postal savings banks and rural credit cooperatives are often the most common options. So which one is better? What's the difference? Insiders will unveil the answer for you today and see which one is more suitable for you.
The first point is that the Postal Savings Bank, as a large bank, has branches in both large cities and small towns, and it is very convenient to withdraw deposits, and it is flexible in operation and has a certain degree of security. Moreover, it has a deposit insurance logo, that is, it can be compensated when the deposit loss is less than 500,000 yuan. As a result, PSBC has become one of the banks chosen by many people.
However, PSBC's deposit interest rates may be relatively low and may be higher than those of other banks. At present, the interest rate of the Postal Savings Bank is generally low because the interest rate has been lowered. In the past, saving 100,000 yuan a year may have an interest rate of more than 2%, but now it is only about 1.65%, which is a relatively large decline.
The second point is that rural credit cooperatives are local financial institutions, and deposits here can only be made locally, and their flexibility is limited to a certain extent. However, it also has a certain advantage, that is, compared with the Postal Savings Bank, the deposit interest rate of rural credit cooperatives will be slightly higher.
Third, since rural credit cooperatives mainly rely on service attitude and word-of-mouth operation, they may be better in terms of service. If the reputation of the rural credit cooperatives is not good, the people around them will not deposit their savings into them, so the operation of the rural credit cooperatives will be affected. Therefore, in terms of comprehensive interest rates and services, rural credit cooperatives may be better.
Fourth, rural credit cooperatives are less flexible, and may not be convenient for people who go out a lot or use funds frequently, and can only deposit and withdraw money locally.
In general, young people often go out to work and spend, and it may be better to choose PSBC because it has more flexibility and security.
And for those older people who don't use funds much, they are more concerned about high interest rates, so it may be more appropriate to choose rural credit cooperatives. Considering that your range of action may be mainly within one city, the choice won't affect you too much.
Do you think it's better to have a postal savings bank or a rural credit cooperative? Which one will you choose?