Since the outbreak of the pandemic, people have become increasingly worried about the uncertainty of the future, so it is even more important to have some spare funds. According to the central bank's data, we can see that national deposits have continued to climb in recent years. In 2022, for example, resident deposits increased by 1784 trillion, 7 higher than the previous year's increase94 trillion. The latest data released by the central bank showed that resident deposits increased by 14 in the first three quarters of 202342 trillion yuan, indicating that this year is still a "year of abundant deposits".
Despite the high willingness to deposit, the central bank is in a hurry. Because if funds are not actively circulating, economic development will be affected to a certain extent. The central bank has urged banks to lower deposit rates, which have now fallen below 3%.
In response to the rising resident deposits, some industry insiders have put forward a suggestion - in 2024, if you have a certain amount of savings in hand, it is best to make 4 preparations, otherwise it may bring some unnecessary trouble.
01 Provision for the continuous reduction of deposit interest rates
First, the continued decline in bank deposit rates has become a reality, and is not even as good as inflationary growth. Faced with this situation, we give two solutions:
One is that if you don't know enough about investment and financial management, you can choose to keep your funds in the bank. There is a high risk that current high-yield investments may result in a loss of principal. You can also consider buying large certificates of deposit or treasury bonds, although the interest on the deposit cannot outpace inflation, but at least it can ensure that the principal will not be lost.
The other is that if you think the bank deposit rate is too low, you can diversify your asset allocation. For example, if you have a deposit of 600,000 yuan, you can take out 400,000 yuan to buy treasury bonds or large-amount certificates of deposit, then take out 200,000 yuan to buy low-risk bank wealth management products, and use 100,000 yuan to buy bonds**. This diversification minimizes risk while maximizing investment returns. 
02 Maintain flexibility in your deposits
Second, more and more people are choosing to keep their money in their bank accounts in order to pursue higher yields. Usually, they tend to opt for fixed deposits of up to three or five years. Although these two options offer attractive interest rate returns, it is not easy to withdraw cash in an emergency due to the long term of the deposit.
Suppose you put all your money into a fixed deposit for more than three years and withdraw it early in case of an emergency, this will be calculated as the current savings interest, which may result in a certain interest rate loss.
Whether or not future funding needs will have an impact on deposits needs to be carefully considered when saving. If you may need to withdraw money early, it is recommended to choose a deposit period of 1-2 years, which is more convenient.
Although the interest rate may be slightly lower, it will at least solve the liquidity problem. Of course, when savers are saving, they can choose accounts with different maturities for diversified allocation. For example, if you have 800,000 in cash, you can put 100,000 in a 1-year account, 200,000 in a 2-year account, 500,000 in a 3-year account, etc. This approach solves the liquidity problem while still enjoying relatively high interest rate returns.
03 Preparation for the bursting of the asset bubble
Also, for those who hold fixed deposits, it is now necessary to be patient and wait for the process of the asset bubble bursting. At present, the domestic ** and the housing market are in the bubble squeeze stage. Therefore, the best strategy is to continue to keep your money in the bank, or consider buying Treasury bonds. This will at least ensure that the principal is not lost.
When the bubble in the housing market is completely burst, you can consider withdrawing your deposits, and then you can consider dips. Therefore, even if you see ** and the housing market ** in the future, do not rush into action, it is better to wait for the bubble to completely dry before entering the market, so that you may become a wise investor.
First, we cannot afford to sit idly by in the face of inflation. Inflation is the phenomenon that the more money you save, the more valuable it becomes. Looking at recent data, the rate of prices** has outpaced interest on bank deposits, which means that savings are shrinking.
How can we fight inflation?The first choice is to diversify your investments and invest your money in different places, such as currencies**, bonds**, or even **. This boosts earnings and offsets the impact of inflation.
Another way to do this is to increase your income** by working, starting a business, or working part-time. This will increase your savings and increase your financial resilience.
Finally
For those holding fixed deposits, next year will need to be prepared for life changes, fighting inflation and dealing with the bursting of asset bubbles.
This involves ensuring that there is sufficient liquidity, investing in solid yielding projects to hedge against inflation, and patiently waiting for the asset bubble to fully subside before investing. These preparations are essential to maintaining your financial health and future financial security. Don't be intimidated by unknown risks, but be proactive and protect your wealth and future. Fixed Deposits