On December 19th, today is a special day, let's talk about the Postal Savings Bank. This bank is one of the six major state-owned banks, with strong strength and business outlets all over the country. You know, it has more than 30,000 business outlets nationwide. This is the largest number of commercial banks in the world.
Also, this bank is very close to the people. For a long time, it has been engaged in the activity of "deposit and gift". In particular, some middle-aged and elderly depositors like to keep their savings in this bank.
Okay, let's imagine that if we have 40,000 yuan and we want to deposit it in the Postal Savings Bank, how much interest can we get? That's a problem. However, savers should be reminded that whoever keeps their money alive is a big fool. Because the interest rate on demand deposits is so low, it is simply working for the bank for nothing.
Specifically, the current current demand deposit interest rate of the Postal Savings Bank is only 020%。Think about it, if you put 40,000 yuan into a current account, the interest for one year is:
40,000 020% $80.
The survival period of 40,000 yuan and the interest for one year are only 80 yuan. This interest income is simply outrageously low. It can't be called saving money, it's like taking your own money and giving it to the bank for free. Sometimes the bank sees you as stupid and reluctantly gives you a little hard money.
We all know that the number one rule of saving money is safety. After all, it only makes sense to talk about interest if the principal is safe. However, we can't just be safe and don't want any interest at all. Although demand deposits are principal and interest guaranteed, the interest rate is too low. Don't try to keep your money alive, it's a "money is stupid" thing.
Here is a word to say in advance: all depositors who have deposited notice deposits are people who know how to manage money and have studied saving money. Not only does call deposit protect principal and interest, but it is also very flexible, especially for depositors who are too old to keep their money for a long time.
There are two options for PSBC call deposits:
1 day call deposit with an annualized interest rate of 045%。Every day of deposit, the bank will settle the interest, which is very convenient.
7-day call deposit with an annualized interest rate of 10%。The bank will also settle the interest every seven days, which is suitable for those who need to save for a longer period of time.
For those funds that cannot be used in the short term, it is especially suitable for call deposits. Many older savers are unable to save for the long term due to health reasons, and many older people prefer to keep their money in the bank. In this case, a call deposit is a good choice, of course, it is important to note that the deposit amount must meet the minimum deposit requirement of 50,000 yuan.
When it comes to fixed deposits, it should be a household name. In particular, some middle-aged and elderly savers prefer to put their money in a fixed account. I have to sigh: all depositors who like to save time are living a down-to-earth and pragmatic life.
Compared to many people who like to invest**, are not interested in fixed deposit interest rates, and will even laugh at people who save fixed deposits as fools, thinking that their interest income in a year is not as good as their own profit in a day. But what about the reality?
The group of people who like to speculate on ** talk endlessly, as if they are financial experts. However, looking at their return on investment, it is really speechless, and the loss is a mess.
In contrast, those who like to keep their money on a regular basis are really carefree. You just need to wait patiently for the maturity and then easily go to the bank to collect the interest.
This contrast is obvious, people who like to choose fixed deposits, not only are not stupid, but show a kind of wise and foolish demeanor.
When it comes to the time deposit interest rate of the Postal Savings Bank in December, it is simply heartwarming. Three-month fixed, annualized interest rate 150%。With 40,000 yuan and saving it for three months, the interest at maturity turned out to be:
40,000 yuan 150% 4 = $150.
The annualized interest rate for a six-month term is 170%。Deposit 40,000 yuan, and the interest after six months is calculated as follows:
40,000 yuan 170% 2 = $340.
If you choose a one-year term, the annualized interest rate is 185%。Invest 40,000 yuan, and the interest after one year is:
40,000 yuan 185% = $740.
For two-year term, the annualized interest rate is as high as 210%。Deposit 40,000 yuan, and the interest after two years is:
40,000 yuan 210% 2 = $1680.
The annualized interest rate of the three-year term is 260%。Invest 40,000 yuan, and the interest after three years is:
40,000 yuan 260% 3 = $3,120.
The Postal Savings Bank is quite famous for its prestigious fixed deposits. As long as you choose to deposit a one-year fixed deposit with a deposit amount of more than 10,000 yuan, you can enjoy exquisite gifts. However, it is worth mentioning that the "Deposit Gift" offer is only applicable to one-year time deposits.
When it comes to large-denomination certificates of deposit, I believe many people are familiar with them. This method of wealth management not only protects the principal and interest, but also has a better interest rate than fixed deposits. As of December, the latest data of the Postal Savings Bank showed:
One-month certificates of deposit with an interest rate of 160%。
Three-month certificates of deposit (CDs) are also entitled to 160% interest rate.
The interest rate on six-month certificates of deposit was raised to 180%。
One-year certificates of deposit for large amounts, you can get 1Generous interest rate of 95%.
The interest rate of two-year certificates of deposit is as high as 215%。
Three-year certificates of deposit with interest rates up to 265%。
The interest rate of large certificates of deposit is obviously more attractive, and the interest rate of large certificates of deposit can be obtained compared with time deposits for the same deposit amount. Of course, it is worth noting that the purchase of large-denomination certificates of deposit needs to meet the minimum purchase threshold of 200,000 yuan.
A recent news story about the Postal Savings Bank (PSBC) was fined up to 150,000 yuan by the Beijing branch of the China Financial Regulatory Bureau (the predecessor of the China Banking and Insurance Regulatory Commission) for allegedly deceiving depositors when selling insurance products. Because of this, many people mentioned that the Postal Savings Bank was quite unhappy when it came to selling insurance.
At the end of the year, at this time of the year, PSBC will work hand in hand with major insurance companies to promote the sales of various insurance products.
The cost of selling insurance is quite high, and it is a political task, so it is inevitable that there will be some grassroots bank managers, some to make money, and some to complete the task. They care about the success of the insurance product, not the sales process.
Therefore, if you choose to save at PSBC recently, you still have to be extra careful. While insurance products themselves are not usually actively fraudulent, this is not necessarily the case with those who sell insurance.
If you're buying insurance in pursuit of high returns or you're attracted by a gift from your bank, you're probably feeling happy to buy right now. However, when you choose to surrender and withdraw your funds at a later stage, you may face quite heavy consequences that you will regret deeply.