Liu Guoqiang: The balance of large-amount certificates of deposit is 235 trillion yuan.
Liu Guoqiang, deputy governor of the People's Bank of China, said in a signed article that on September 24, 2013, the People's Bank of China decided to build an interest rate self-discipline mechanism after careful research and preparation, and organized financial institutions to conduct several rounds of in-depth research and discussion.
As of the end of September 2023, the balance of interbank certificates of deposit was 146 trillion yuan, and the balance of large-value certificates of deposit is 235 trillion yuan, which has played an important role in deepening the process of market-oriented interest rate reform.
What is the difference between a large deposit and a large certificate of deposit.
1. Different issuance methods.
Although large-denomination certificates of deposit and large-denomination deposits are both bank deposit business, in fact, large-denomination certificates of deposit belong to the special deposit business of banks, and their issuance requires banks to report to the central bank, and cannot be issued arbitrarily. However, the large-amount deposit business is an ordinary deposit business, and the bank has a high degree of autonomy and does not need to go through the central bank's declaration process.
Second, the minimum purchase amount is different.
Generally speaking, the minimum deposit amount for large-amount deposits is low, generally speaking, the minimum deposit amount is 50,000 yuan, while the minimum deposit amount for large-value certificates of deposit is stipulated to be not less than 200,000 yuan from June 2016, and the purchase threshold for large-amount certificates of deposit is relatively higher.
Is a large certificate of deposit a fixed deposit?
Large-amount certificates of deposit is a type of time deposit, it is compared with ordinary time deposits, the investment starting point is higher, the interest rate is also higher, the interest rate of large-amount certificates of deposit is based on the benchmark interest rate of the People's Bank of China, the interest rate is different for each period, according to the investment period and the interest rate of the initial investment amount is different, investors can consult at bank outlets, or log on to the mobile banking of various banks to inquire.
Large-denomination certificates of deposit can be withdrawn in advance, and the part withdrawn in advance is calculated according to the current interest rate, which is currently 03. Around 3, investors should do a good job of capital planning when purchasing large-amount certificates of deposit, and it is not cost-effective to withdraw them in advance.