In recent years, although the interest rate on domestic bank deposits has been declining, the enthusiasm of the people to save money is still high. According to the data, RMB deposits will increase by 25 in 202374 trillion yuan. Among them, household deposits increased by 1667 trillion yuan. The reason why people love to save money is to cope with possible future expenses such as unemployment, illness, and pension. At the same time, it is riskier to invest in investment varieties such as ** and other investment varieties now, and it is safer to keep money in the bank.
In the face of the increasing enthusiasm of residents to save money, a bank manager who has worked for 7 years expressed his opinion, and the bank manager suggested that customers who want to deposit time deposits should pay attention to the following "4 don'ts", which are: 1. Do not deposit products with low interest rates; 2. Don't keep all your money in a bank; 3. Don't blindly choose long-term deposits; 4. Don't buy other financial products by mistake. Let's find out:
First, don't save products with low interest rates
At present, many state-owned banks have kept their deposit interest rates very low, mainly because in addition to residents' deposits, state-owned banks also have deposits from enterprises and financial deposits, and there is no shortage of deposits. For depositors, state-owned banks have kept interest rates so low that they have outperformed current inflation, and even their interest income is much lower than that of other small and medium-sized banks.
Therefore, depositors should try to deposit their funds in small and medium-sized banks with higher interest rates in order to maximize returns. However, if depositors blindly only know how to deposit their money in large state-owned banks, they will face the problem of declining purchasing power of deposits in the face of such low deposit interest rates, which is also irresponsible for their own deposits.
Second, don't keep your money in a bank
Although many small and medium-sized banks now have higher deposit interest rates, it is not recommended that depositors keep all their savings in a small or medium-sized bank. In the event that this bank declares bankruptcy and collapses, the safety of depositors' deposits will be affected. Therefore, we recommend that depositors keep all their deposits in several banks, and the deposits in each bank should not exceed 500,000. In this way, even if this small and medium-sized bank fails, depositors will be compensated in full for their deposits.
Third, don't blindly choose long-term savings
Nowadays, many savers like to save long-term deposits, and long-term deposits also have two major advantages: one is that the interest rate of deposits is higher than that of other deposits; The other is that under the current downward trend of deposit interest rates, if you choose to save long-term deposits for 3 years or more, you can lock in deposit interest rates and returns.
However, there is also a disadvantage of saving a long-term deposit, that is, during the deposit period, if the money is withdrawn in advance, the current deposit interest rate must be calculated. Therefore, we still recommend that you do not blindly deposit long-term deposits, and it is better to have a deposit period of 1-2 years, which can not only ensure the liquidity of the deposit, but also ensure that the deposit interest rate is not too low.
Fourth, don't buy other wealth management products by mistake
As bank deposit rates continue to fall, some depositors will start complaining that deposit rates are too low. The bank staff will recommend some bank wealth management products, open-ended**, insurance products, etc. with higher expected yields to them. In this regard, these depositors thought that it was a special deposit of the bank, so they readily agreed to buy it.
In fact, bank staff often recommend some other wealth management products to customers for performance appraisal requirements, and once customers buy these wealth management products, in case of losses, it will be too late to regret them. Therefore, customers should consider their own risk tolerance when purchasing other wealth management products before deciding whether to purchase them.