On May 19, 2024, the latest deposit interest rate table of ICBC was shaken out, and everyone pricked up their ears and listened: how much oil and water can be recovered by saving 100,000 yuan a year? Don't worry, follow me to pick up the true face of this bank interest and see if it is really only "saving equals not saving".
Let's toss a coin first: ICBC claims to be "the largest bank in the universe", and its momentum is huge, but the deposit interest rate, hey, that's really "cosmic level" low. Needless to say, it's a bit ridiculous.
Now let's take a magnifying glass and look at the numbers. If you are a cautious demand deposit customer, then your 100,000 yuan will only earn 200 yuan in a year. That's right, you heard it right, it's 200 yuan, and it's not enough to even buy a new headphone. The interest rate is so low that people can cut their bank cards and use them as bookmarks.
Compared with those online celebrity wealth management products, such as Yu'e Bao and Coin Pass, their annual rate of return can reach about 2%. This means that the same 100,000 yuan can earn 2,000 yuan a year when placed there, which is 10 times higher than the bank's current account! So, if you're still sticking with a current account with a traditional bank, you might really need to think about your life choices.
If you're the type of person who has a lot of money and a little time, you might want to consider saving for a fixed period. The fixed interest rate of ICBC is slightly more interesting, and the interest rate for a 1-year period is 1.7%, that is, 100,000 yuan can get back 1,700 yuan if you save it for a year. Although it is stronger than the current account, this figure is also the end of the strong crossbow in the face of inflation.
Don't be disappointed, there's a trick to it. ICBC's short-term fixed deposits, such as 3-month and 6-month deposits, have interest rates of 1.4% and 1.6% respectively. This may be a good choice for those who "need money but are not in a hurry". At least, it's much better than putting money in a current account.
There is also a trick, ultra-short-term call deposit, such as 1 day or 7 days, as long as the principal exceeds 50,000, you can open this kind of account. It's not a big deal, but it's at least better than keeping your money in your current account.
Let's talk about security. Many people are worried about the security of small banks, worrying that "save today, break tomorrow", but this worry is not necessary.
In our country, each person's deposit in each bank is insured with up to 500,000 deposits, and if anything happens, at least these 500,000 are guaranteed. If you have more than that, it's wise to save it separately or in the name of a family member.
Whether to save or not, where to save and how much, these questions are not so simple. Many people are dismissive of fixed deposits in banks, feeling that interest rates are pitifully low, but don't forget that bank deposits are at least safe and stable. For the average person, this may be more important than that additional benefit.
Now, you may ask, since you have said this, how do you choose? Let's make a small summary: if you are a person with uncertain needs for the future, you may want to consider short-term or call deposits; If you are a risk averse type, then a long-term fixed deposit may be more suitable. The key is to look at your own needs and judgment of the market.
For most people, money is not the problem, the question is how to spend it. In this era of information explosion, learn about various financial products, such as Internet finance, money market funds, etc., which may bring you more returns.
Of course, don't forget that more benefits often come with higher risks. So before making a choice, be sure to do your homework and understand the risks and rewards of each product.