Towards the end of the year, some banks have come up with various ways to achieve their annual savings targets. And some depositors were confused by the bank's various methods and words, and they deposited their money in a daze. However, if you are not sober enough when saving money, you may fall into some routines. Remind everyone that when saving money at the end of the year, you must be vigilant and avoid 3 routines to avoid saving uneconomically.
Deposit to send gifts
At the end of the year, some banks have begun to prepare for a "good start", saying that they will give gifts when they save money. Some people are so taken up by these benefits that they choose to keep their money in the bank and take home those attractive gifts. But keep in mind that the wool comes from the sheep, and if you get carried away by the benefits and do not discern them, the benefits may be damaged.
Because of the "good start" activity, the interest rate given by some banks is not high, and it seems that the value of the gift is relatively high, but the actual ** may not be so high. If the depositor does not need the gift to give, if he chooses to return to the second-hand blood, he may also discount more.
However, if you don't get carried away by this kind of deposit gift-giving activity, but compare the deposit interest rates of several surrounding banks before depositing, it is not impossible to find a bank with a higher actual interest rate than the bank that deposited and gave gifts.
When depositing money, savers should understand that gifts are just an add-on after all, belonging to the coffin in the pearl, and when saving money, the deposit interest rate, the term of the deposit, the threshold, etc. should be the main consideration, and should not be blinded by gimmicks such as gifts.
Deposits become wealth management or insurance, etc
If the interest rate of a product in the bank is very high, for example, the term is 3 years, but the interest rate is more than 35%, for example, is a 5-year term, but the interest rate is much more than 4%, or you can get a very high value gift after depositing it, at this time you should be vigilant to avoid mistakenly depositing financial management or insurance. Because of the current deposit interest rate environment, it is difficult for most banks to exceed 3 years of deposit interest rates5%, and the interest rate on 5-year deposits is difficult to exceed 4%.
If you come across a high-interest product, ask a few more questions to make sure that it is a deposit product protected by the deposit insurance regulations, and even if it turns out that you just ask more, there is nothing to lose. However, if this link is missing, in case the deposit is actually financial management or insurance, these methods do not protect the principal, there is a risk of losing the principal, and some savers do not have the corresponding risk tolerance.
If after depositing money, the more you think about it, the more wrong it becomes, and you feel that you may have been fooled, you should go to the bank in time to check and confirm whether you can withdraw the money. If you buy the insurance by mistake, you can expect to surrender the policy within the cooling-off period.
Structured Deposits
In addition, structured deposits are also a routine that some people want to avoid. Above, it is difficult for the current 5-year deposit interest rate to exceed 4%, but this does not mean that the interest rate of all deposit products cannot exceed 4%, for example, some structured deposits may enjoy more than 4%, or even more than 6% of the expected yield to maturity when the best time.
However, the yield of structured deposits is not a fixed value, but has a range, and it is possible to enjoy only a very low interest rate in the case of a bad situation, and it may even be lower than the interest rate of demand deposits. This may be a laugh for people with strong economic strength. But for some people who are counting on a steady deposit interest subsidy, it is not good.
In addition, structured deposits are not as liquid as fixed deposits, and fixed deposits can at least be withdrawn in advance, while structured deposits are generally not allowed to be redeemed in advance before maturity. Therefore, for ordinary people, it is also necessary to choose structured deposits carefully. In fact, if you want to better add value to short-term funds, you don't necessarily have to save structured deposits, but you can also use bank change wealth management, Yue Bao, or some foreign trade consignment sales under the strong support of stable foreign trade policies, 100,000 yuan per month to get 1,000 yuan of profit, which is also quite flexible and cost-effective.
In short, saving money at the end of the year, in order to avoid saving not being cost-effective, or losing some benefits, it is recommended that savers must be vigilant and avoid the above three routines.