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Financial Investment News reporter Ji Xue JiaowenFig.
The Spring Festival of the Year of the Dragon is approaching, and while the consumption boom continues, for consumers, how to take care of their "money bags" before the holiday has also attracted much attention.
Recently, a reporter from the Financial Investment News visited a number of bank outlets in Chengdu and found that many citizens have gone to consult, and deposit products and short-term stable financial management are hot. Aiming at the allocation demand, a number of banks and wealth management companies have recently launched "Spring Festival stalls" wealth management products and financial management strategies to provide financial advice to the public.
Deposit products: 3-year interest rate up to 35%
What is the 3-year deposit rate? How much interest is there when depositing 300,000 at maturity? On January 30, in a rural commercial bank outlet in Chenghua District, Chengdu, Mr. Li, a citizen of Chengdu, asked the staff about the latest information on deposits.
At the beginning of the new year, Mr. Lee started the fixed deposit plan again. Although the deposit interest rate has been reduced, for him who is more stable in investment, hoping to "protect the principal" is still the first choice, and after consulting a number of banks, Mr. Li found that the current interest rate of deposit products varies greatly. At the same time, to his surprise, the maximum interest rate on the 3-year deposit is still above 3%.
As a popular product of "Spring Festival" financial management, the reporter of the Financial Investment News noticed that in many joint-stock banks and city commercial bank outlets, deposit product information was placed in a conspicuous position, and many financial consumers went to consult.
With the new round of deposit interest rate reduction, the change in deposit product interest rate also affects the hearts of depositors. Taking the state-owned banks as an example, since December 22 last year, the listed interest rates of 1-year, 2-year, 3-year and 5-year fixed deposits have been as low as %.
However, due to the fact that local bank branches will have different pricing according to the actual situation, the interest rate will generally be increased on the basis of the announcement of the head office. Taking Chengdu as an example, the reporter's investigation found that the maximum interest rate of fixed deposits of commercial banks is generally higher than the listed interest rate, and the final annual interest rate may change with the amount of deposit.
A staff member of a branch of the Bank of China told a reporter from the Financial Investment News that the current 3-year and 5-year fixed deposit interest rates of the bank are respectively. 4%。
The maximum annual interest rates for CCB's 1-year, 2-year and 3-year fixed deposits are respectively. 35%, the 5-year fixed deposit execution rate has not risen, and the maximum annual interest rate is still 2%. For large certificates of deposit, the maximum annual interest rate is 235%。
In terms of joint-stock banks, due to the different interest rates previously listed, there are also slight differences in the adjusted interest rates of various joint-stock banks. In a Chengdu branch of Industrial Bank, the reporter learned that the interest rates of 1-year, 2-year, 3-year and 5-year fixed deposits with a minimum deposit of 50 yuan are respectively. 65%。
On the whole, the deposit interest rates of small and medium-sized banks, represented by urban commercial banks and rural commercial banks, are relatively high. For example, in a branch of Bank of Chengdu, the interest rate of a 3-year fixed deposit is up to 3%. Specifically, the annual interest rates of fixed deposits below 30,000 yuan are 1-year, 2-year, and 3-year respectively. 85%；The annual interest rates of fixed deposits of more than 30,000 yuan for 1 year, 2 years and 3 years are % respectively.
The reporter learned at a branch of Chengdu Rural Commercial Bank that the annual interest rates of 1-year, 2-year and 3-year "full profit deposits" were respectively. 05%；At the same time, the 3-year interest rate of large certificates of deposit with a minimum deposit of 200,000 yuan is 31%。
In addition, the annual interest rate of 3-year fixed deposit of some city commercial banks has reached 34% to 35% and 3 for 5 years7% to 38%。
In this case, the divergence of interest rates between different banks is even more pronounced. Analysts believe that the recent short-term rise in deposit interest rates of small and medium-sized banks is mainly related to the "good start" at the beginning of the year. However, in the medium and long term, the reduction of deposit rates is the general trend, and there is still some room for bank deposit rates to fall in 2024.
For prudent investors who choose deposit products, they can give priority to products with relatively long maturities to lock in deposit interest rates when meeting liquidity needs. Industry insiders suggest that at the same time, the current deposit interest rates of different banks vary greatly, and flexible capital allocation can be carried out in combination with their own actual conditions.
Bank wealth management: Stable products are favored by investors
With the continuation of low interest rates, since the beginning of this year, bank wealth management products represented by stable and short-term products have also been favored by investors again.
A staff member of a branch of Chengdu Rural Commercial Bank told reporters that short-term financial management can consider the bank's Tianfu Wealth Management regular 1-month net worth wealth management products (exclusive to new customers), and the current performance benchmark is 31% to 32%。If the liquidity demand is high, you can also consider flexible financial management, such as daily open net worth wealth management products, with an annualized rate of return of 2 in the past seven days49%。
Aiming at the allocation needs of investors, recently, a number of banks and wealth management companies have launched Spring Festival or year-end bonus wealth management strategies, put "Spring Festival stalls" wealth management products on the shelves in advance, and provide financial advice for the public.
In general, most of the mainstream recommended products are cash management products and short- and medium-term fixed-income wealth management products, and the risk levels are mainly medium and low risk (R2) and low risk (R1). In terms of yield, compared with the same series of wealth management products on weekdays, the annualized rate of return is mostly at 26% to 3% range.
Why are banks and wealth management companies offering more short-term wealth management during the Chinese New Year? Puyi Standard believes that from the perspective of the audience, the Spring Festival is the time to issue year-end bonuses, and many people will choose to use it for investment and financial management to achieve wealth appreciation. Aiming at this market demand, banks and wealth management companies have launched various short-term wealth management products to increase the sales volume and market share of wealth management products.
From the perspective of income, the demand for funds during the Spring Festival is relatively large, and many people will temporarily withdraw the funds from long-term investment to pay for various expenses.
From the perspective of the impact on banks, during the Spring Festival, banks will increase their deposits, but at the same time, they will also face competition from other financial institutions, so banks need to take measures to stabilize customers and attract new customers, and the launch of short-term wealth management products is an effective means.
The CITIC** Ming Ming FICC research team pointed out that since December last year, the cash wealth management income has performed well, and the median and average seven-day annualized return of the product have increased significantly. In the past three months, the annualized rate of return of various fixed-income wealth management products with different maturities has also continued to increase, while the volatility has steadily decreased, and the corresponding liability investors have a better holding experience, especially the cash wealth management income such as the 1-day and 7-day minimum holding periods is outstanding. In addition, a new round of deposit interest rate cuts has been implemented, the cost performance of wealth management is highlighted, and it is expected to usher in seasonal recovery at the beginning of the year, and a good start in 2024 is expected, and the scale of wealth management is expected to increase by more than 650 billion yuan in January.
Analysts believe that in 2024, the yield of wealth management products may continue to face challenges. Puyi Standard pointed out that due to the policy focus on reducing deposit interest rates, and the bond market may show a strong trend, the pressure on the allocation side of wealth management products has further increased. In addition, the risk of asset shortage continues, and some urban investment bonds** may need to seek alternative asset allocation options. Therefore, the yield of wealth management products may be affected by these factors, showing a more complex fluctuation trend.
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