With the reduction of bank fixed deposit rates next year, people who hold these products need to start preparing for both ways to maximize their returns. In the current economic environment, in order to achieve higher interest returns, we recommend the following two strategies: keep a portion of your money in long-term fixed deposits with large banks and the rest in short-term fixed deposits with smaller banks.
First, deposit the money in a long-term fixed deposit with a big bank. Despite the reduction in interest rates, long-term term deposits remain relatively high and interest returns are relatively stable. Therefore, depositing a portion of the funds in a long-term fixed deposit with a large bank guarantees a certain return and minimizes the risk. Of course, we also need to be aware of the possible risk of inflation, but this is a manageable risk.
Second, the remaining funds are deposited in short-term fixed deposits with small banks. In order to attract depositors, small banks may introduce various policies to provide higher interest returns before the Chinese New Year.
By depositing your money in a short-term fixed deposit with a small bank, you can earn a higher interest rate and have the opportunity to withdraw your money at any time. Of course, we need to choose small banks carefully to ensure that they have a good reputation and stable capital operation.
The combination of these two strategies can help each family earn more interest and better plan their money. For those experienced investors, they can adjust their capital allocation according to market conditions and future interest rate trends to maximize returns. Of course, we also need to realize that everyone's risk tolerance is different, so when developing an investment strategy, you need to consider it according to your own situation.
In addition to the above two strategies, we also encourage people to plan for their finances more broadly. In addition to bank fixed deposits, there are other investment channels to choose from, such as **, real estate, etc. Everyone should develop a suitable investment plan according to their own situation and goals, and seek professional advice.