We all know that deposit is a common way to manage money, and it is also a way for many people to choose to manage their money. However, did you know that the interest income will be different for different deposit methods? Today, I'm going to reveal this secret to you that many people don't know.
Let's take a look at fixed deposits. Fixed deposits, as the name suggests, are deposits made over a certain period of time. Generally speaking, the term of fixed deposits is 1 year, 2 years, 3 years, etc., and the interest rate is relatively high. If you have 20 deposits and choose to deposit time deposits, according to the current bank interest rate, the interest on a one-year fixed deposit is about 10,000 yuan, the interest on a two-year fixed deposit is about 12,000 yuan, and the interest on a three-year fixed deposit is about 14,000 yuan.
However, did you know that in addition to fixed deposits, there is also a deposit method that can earn more than three times the interest income of fixed deposits? In this way, it is a large certificate of deposit. Large-value certificates of deposit refer to certificates of deposit issued by banks with a face value of more than 200,000 yuan. The interest rate on large certificates of deposit is usually much higher than that of fixed deposits.
If you have a deposit of 200,000 yuan and choose a large-amount certificate of deposit, according to the current interest rate of the bank, the interest on a large-amount certificate of deposit with a term of 1 year is about 60,000 yuan, the interest on a large-amount certificate of deposit with a term of 2 years is about 120,000 yuan, and the interest on a large-amount certificate of deposit with a term of 3 years is about 180,000 yuan. Does this kind of interest income make you excited?
Some people may ask, why do some people choose fixed deposits with such high interest rates on large certificates of deposit? In fact, this is mainly because many people do not have a deep enough understanding of large certificates of deposit. Although the interest rate of large-denomination certificates of deposit is high, their liquidity is relatively poor, and once purchased, they need to be held for an agreed period of time and cannot be withdrawn in advance. On the other hand, although the interest rate of fixed deposits is relatively low, they are more liquid and can be withdrawn in advance during the deposit period.
If you have a deposit of $200,000, will you choose a fixed deposit or a large certificate of deposit? This depends on your financial needs and risk tolerance. If you have a high demand for liquidity, then you can choose a fixed deposit; If you have a high demand for yield and a low demand for liquidity, then you can opt for large CDs.
In addition to fixed deposits and large certificates of deposit, there is also a deposit method with an even higher interest income? In this way, it is called bank structured deposits. Bank structured deposits refer to the bank's investment of deposits in specific financial products according to the requirements of depositors, so as to achieve higher interest income.
If you have a deposit of 200,000 yuan and choose a structured deposit, according to the current bank interest rate, its interest income can even be as high as 32,500 yuan. Does this kind of interest income make you more excited?
Some people may ask, why do some people choose time deposits and large certificates of deposit with such high returns on structured deposits? In fact, this is mainly because many people do not have a deep understanding of structured deposits. Although structured deposits have high returns, they are also relatively risky, requiring depositors to have a certain risk tolerance.
If you have a deposit of $200,000, will you choose a fixed deposit, a large certificate of deposit or a structured deposit? This depends on the individual's financial management, risk tolerance, and need for liquidity.
Overall, there are many ways to make a deposit, and each has its pros and cons. The choice of which way to choose needs to be decided according to the actual situation of the individual. If you're confused about how to deposit, talk to your bank's financial advisor who will provide you with the most suitable advice based on your needs.
In addition to the above three ways, there is another deposit method, and its yield can be even higher? In this way, it is the private banking business of the bank. Private banking is a customized service provided by banks to high-net-worth clients, and its income can be much higher than ordinary deposit methods.
If you had a deposit of $200,000, would you choose private banking? This is actually determined by the individual's actual situation. If you are interested in private banking, you may wish to consult with one of the bank's private bankers, who will provide you with the most suitable advice based on your needs.
There are many ways to make deposits, and each has its pros and cons. The choice of which way to choose needs to be decided according to the actual situation of the individual. If you're confused about how to deposit, talk to your bank's financial advisor who will provide you with the most suitable advice based on your needs.
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