We all understand a truth, that is, it is impossible to live without money in life, and you can continue to live with money, and it also determines your social status in disguise.
Saving money is a habit engraved in the bones of the mainland people, many young people used to be moonlight, but after experiencing the epidemic, everyone's awareness of saving money has become stronger and stronger.
If you want to have savings, you must be more restrained in your living expenses, and the money saved can be used to deal with various problems in life in case of emergency.
When you have spare money in your hand, your first instinct is definitely to put it in the bank.
The bank's security system is the strongest, and it is particularly reassuring to put money in it, and several major banks in the mainland are backed by the state, which directly fills the security.
In order to attract more depositors, banks set a certain interest rate, but the interest rate is generally fixed and set unilaterally by the bank. However, a bank manager told the truth, saying that if the deposit meets this standard, the interest rate can be negotiated.
1. Deposit interest rate
In recent years, money has become more and more difficult to earn, and everyone has begun to plan to arrange consumption, and many people are lamenting the importance of having a stable job and income.
In order to support the cost of living, everyone looks around for ways to earn money, and the safest thing is to save money, if you have some spare money in your hand and put it in the bank, you can enjoy the interest rate.
Nowadays, more and more young people are beginning to pay attention to the issue of interest rates on savings.
Different savings methods, different banks, it gives different interest rates, time deposits and demand deposits, the former interest rate will be higher.
Before the epidemic happened, the deposit interest rate in the mainland was quite considerable, and of course, you also had to have a relatively high principal.
The higher the principal, the higher the interest rate, and the more you earn each year.
For example, in the past, ordinary fixed deposits could generally reach more than 3%.
In order to improve market competitiveness, some small and medium-sized banks will set higher interest rates, which means that if you deposit 10,000 yuan in the bank, you can get at least 300 interest a year.
However, the economic environment has undergone great changes in the past two years, and the turbulence of the global economy has also brought a huge impact on the mainland market, and the emergence of inflation or inflation has seriously affected all walks of life.
In order to achieve economic recovery as soon as possible, the state has implemented a number of economic measures, the most notable of which should be to cut interest rates.
The decline in interest rates, ostensibly only a commonly used economic tool, has had a great impact on ordinary people.
This means that our deposit interest rate has fallen, and now the interest rate on ordinary time deposits has dropped to about 2%, or even lower, which also makes many people lament that the era of low interest rates has really arrived.
There were many people who hoped for a higher return on their savings, but this idea came to naught.
However, compared with other wealth management products, the deposit interest rate still has certain advantages.
This money is safe for everyone to make a profit, that is to say, even if the interest rate drops, as long as you save money, there will still be a profit, but the income has decreased compared with before.
At present, the economic market is so volatile, and there is too much uncertainty.
Although wealth management products have higher returns, they are also very risky, and there is no guarantee that you can only make money and not lose money.
At this time, the advantages of large deposits are also reflected, in the early stage of the issuance of large certificates of deposit, the bank requires the amount to be more than 300,000 yuan.
Later, the central bank issued new regulations, lowering the threshold for large deposits, and the amount was reduced to 200,000 yuan.
Some people may think that this money is not much, but in the mainland, there are not many families who can come up with two or three hundred thousand savings at once.
The interest rate of large deposits is higher than that of ordinary deposits, and it has been on an upward trend in the past two years.
Second, you can negotiate interest with the bank
Banks have a large daily turnover, and it is not only for ordinary depositors, but also for major enterprises, and the main profit of the bank comes from the interest rate of various loans.
If you want to start a loan business, you must have principal, so the most basic operation of a bank is to attract more depositors.
If you deposit your money in the bank, the bank's liquidity will be guaranteed.
When we choose a deposit bank, we look at whether it is a state-owned bank, because this is the key to ensuring safety, and second, we look at its interest.
In the first two years, many people also chose small and medium-sized banks to make deposits, because their interest rates would be higher than those of state-owned banks.
And from time to time, a variety of small gifts will be distributed, which brings more benefits to depositors.
It's just that in the past two years, the instability of all walks of life has put pressure on the normal operation of financial institutions, so small and medium-sized banks have a greater risk of explosion, and it is best for everyone to choose state-owned banks.
At this time, some people found that when you make a large deposit in the bank, as long as your principal is sufficient, the bank treatment is absolutely like a VIP.
Enjoying the VIP treatment is all secondary, the main thing is that you can negotiate with him, there is a lot of room for growth in the interest.
The threshold for negotiating deposit interest rates with banks is relatively high, and it is difficult for ordinary people to reach them.
Judging from the existing bank data, only about 0.8% of households in the mainland have 500,000 deposits, and some people here may feel that this data is inaccurate, because there are actually quite a lot of rich people around.
It can only be said that here we are only looking at your fixed deposit amount, not at your overall assets.
Because some people will choose to invest after they have money in their hands, such as buying jewelry and buying real estate.
These will indeed be included in your assets, but such people may only have a fixed deposit of two or three hundred thousand, and the bank will ultimately look at the amount of your deposit.
Although the bank stipulates that the bottom line for large deposits is 200,000, such people are not qualified to negotiate interest rates with them, because the mainland has 20~500,000 deposits, and there are still many families.
A bank manager said that if he wants to negotiate the interest rate with the bank, the principal in his hand must reach at least 5 million, and the interest can only be negotiated when he applies for a fixed deposit.
And even if your principal really reaches 5 million, there is not much room to negotiate interest.
After all, banks are accustomed to seeing rich people, and although the proportion of wealthy people in the mainland is low, there are still some of them.
If this money is deposited in a small and medium-sized bank, then you are definitely a big customer, and you can confidently negotiate interest with the other party.
If it is a state-owned bank, even if it can talk about the upside, it will not be very high.
If you have tens of millions of assets, then you are definitely a VVVIP customer.
When the time comes, you will have the opportunity to get a higher interest rate on your deposit, and you can even get some exclusive benefits.
In order to stabilize customers, some banks will disclose inside information for these people as soon as possible when they have wealth management products with more hedging value, because they know the amount of your assets.
Therefore, if the deposit principal in your hand exceeds 1 million, it is in a small and medium-sized bank, then the bank will definitely give you more benefits, and the interest rate is likely to increase by 1%.
If you want to negotiate the interest rate in a state-owned bank, then your principal must be more than five or six million, so that the bank may give you 6% to 10% profit margin.
However, everyone should also understand that banks also want to make profits, even if your assets are very high, they will not give you too high interest.
It's just a little higher than the ordinary deposit interest, so don't exaggerate it too much when negotiating.
3. The current situation of bank deposits
Nowadays, major banks have launched a variety of deposit methods, and large certificates of deposit have higher interest rates, and the reason why they are called large amounts must definitely mean that your deposit amount must also meet the standard.
With the change of market environment and economic policy, the interest rate has been adjusted many times in the past two years, which requires us to always pay attention to the change of interest rate in order to adjust our deposit strategy.
In fact, there is another problem that everyone should consider in large-amount certificates of deposit, that is, the problem of compound interest, that is, when you deposit the principal in the bank, interest will be generated, and the interest will be included in the principal and then another interest will be generated.
This can allow us to continuously increase the total principal and interest, thus bringing higher benefits, so large certificates of deposit are more suitable for longer time deposits, which can allow us to maintain a stable income for a long time.
If you look closely, you will find that although the state has lowered interest rates, this has not stopped people from saving money, because now the soaring prices have increased the cost of living.
Some people are even facing the risk of being cut and laid off, in order to bring more security to their lives, what ordinary people can do is to save as much money as possible.
With money is considered to be secure, which can better cope with various variables in life.
For ordinary people, tens of thousands or even hundreds of thousands of deposits, the subtle change in interest rates does not have much impact on everyone.
It is difficult for most people's deposits to meet the standard of large bank deposits, and even if they do, they are only barely scratching the edges.
So there is no room for negotiation with the banks, and all we can do is stabilize the earnings.
However, in the past two years, everyone has also found that the state has been trying to stimulate everyone's consumption, in order to increase domestic demand.
In this way, the rapid development of the economic market is also the fundamental reason for the state to reduce interest rates.
Nowadays, many enterprises and business tycoons have slowed down their investment pace, so there are not a few people with high deposits in banks in the current era, which also leads to the limited space for everyone to negotiate with banks.
summary
In today's economic environment, investment and savings are an important way for us to obtain income, and in the face of the interest rates and deposit conditions of different banks, we should make reasonable arrangements according to our own financial situation.
Generally speaking, when you go to the bank to deposit money, the higher your principal, the longer the term of the deposit, and the interest rate level will increase accordingly, but there are also certain risks.
Because long-term deposits are less liquid and you can't make advances in advance, you may face some loss of profit.
If you want to negotiate an interest rate with a bank, you need to be in the millions.
In the current society, we are pursuing high returns at the same time, but also to improve risk awareness, we should pay more attention to market dynamics and bank policies, banks will occasionally launch a number of preferential activities, which provides us with more opportunities to choose.
Resources:
Xinyanshuo Finance 2023-04-27 "Bank Governor's Conscience Advice: If the deposit reaches "this amount", you can negotiate interest with the bank"
Finance March 2023-11-26 "When the deposit reaches "this amount", can I negotiate interest with the bank? Insider: Most people don't know
Dian Jin Strategy 2023-05-29 "The Bank Governor Tells the Truth: If the Deposit Reaches "This Number", You Can Negotiate Interest with the Bank