Recently, the six major state-owned banks announced a reduction in deposit interest rates, which has aroused the concern and anxiety of the majority of depositors. Taking ICBC as an example, the one-year fixed deposit interest rate after the interest rate cut is only 145%, compared to only 1 for the three-year period95%。Even the maximum interest rate on a five-year fixed deposit is only about 2%. This means that the interest rate on fixed deposits has fallen below the 2% mark, which is not even as good as the yield of demand deposits** a few years ago.
Experts believe that interest rate cuts are to better guide consumption and investment. However, now ** has fallen below 3000 points, and buying** and ** will definitely be a loss. For buying a house, even if you can get a down payment, you must be mentally prepared to become a house slave in the next two or three decades while bearing the risk of housing prices continuing to be the best. In this case, keeping your money in a bank seems like a safer option.
In the face of the wave of interest rate cuts by large banks, some small and medium-sized banks have adopted a contrarian strategy and have begun to raise deposit rates to compete for customers. For example, several rural commercial banks in Henan Province have recently raised the interest rate on one-year deposits to 195 per cent, up to 215%；Two village banks in Guangdong and Guangxi have even raised the interest rate on one-year deposits to a maximum of 225%。This phenomenon has attracted the attention of depositors, will it trigger a trend of large deposit movements?
In fact, it's not easy to move with a deposit. While we've heard of extreme examples of people traveling across cities on high-speed rail to save their deposits, it's unrealistic for most savers to travel far for the tens of thousands of dollars they have in their deposits. In addition, there is also news that should be noted that since the beginning of this year, 10 village and township banks have been dissolved in accordance with the law, and most of them have been absorbed and merged by the shareholder banks. For depositors, although it will not cause a loss of funds, it is also a factor that we need to pay attention to when considering the risks of small and medium-sized banks.
Although a major shift in deposits is unlikely, the reverse interest rate hikes by small and medium-sized banks still bring some benefits to depositors. Compared with the lower interest rates of the six major state-owned banks and joint-stock banks, the interest rates on deposit products of small and medium-sized banks have been increased. Although it is not a long-term listed interest rate, the maximum one-year deposit interest rate of rural commercial banks in Henan has reached 195%, and the two village banks in Guangdong and Guangxi even raised it to a maximum of 225%。
For savers, these products with relatively high interest rates are undoubtedly attractive. Whether it is used to buy some commodities that are just needed, or for short-term investment and financial management, the high interest rate of small and medium-sized banks is still a very competitive choice. However, it is also necessary to pay attention to the risks of small and medium-sized banks. The dissolution of 10 village and township banks since the beginning of this year has to some extent increased concerns about the safety of small and medium-sized banks. Therefore, when choosing a small and medium-sized bank, you should still consider the risks and benefits.
In the face of the phenomenon of lower bank deposit interest rates and reverse interest rate hikes by small and medium-sized banks, how should depositors make rational choices?First of all, you need to compare the deposit rates of different banks to make sure that you are getting the best benefit. Second, for small and medium-sized banks with higher deposit rates, they should consider their risks and reliability and invest cautiously.
In addition, in addition to savings, savers can also increase their income through other ways to manage their finances. For example, buying low-risk wealth management products, participating in the ** market, investing in real estate, etc. Different financial management methods also need to be chosen according to personal risk tolerance and investment goals. After considering various factors, we should make an informed decision based on our actual situation and needs.
In short, although the reduction of deposit interest rates by the six major state-owned banks has caused some inconvenience and anxiety, the phenomenon of small and medium-sized banks raising interest rates in reverse has provided depositors with some options. When making investment and deposit decisions, we should choose carefully, taking into account the risks and returns to protect our wealth and interests.