In the previous article, we analyzed the main reasons for the continuous decline in bank deposit interest rates, compared the deposit interest rate data of various banks, and then we talked about how money should be deposited.
1. Deposit insurance system.
Let's first understand the "Deposit Insurance Regulations" issued by ***, only need to understand 3 points:
1) Deposit insurance is the deposit insurance established by the state**, which is paid by the bank, and when there is a problem in the operation of individual financial institutions, the deposit insurance ** shall be timely repaid to the depositors in accordance with the provisions to protect the rights and interests of the depositors.
2) Deposit insurance covers all banking financial institutions that absorb deposits, including commercial banks, rural cooperative banks, rural credit cooperatives, village and township banks and other insured institutions.
3) The maximum repayment limit of deposit insurance is RMB 500,000, and if the principal and interest are less than RMB 500,000, the full amount shall be repaid; The part exceeding 500,000 yuan shall be compensated from the liquidation property of the insured institution.
Second, to ** deposit? How to save?
Let's go straight to the conclusion:
1) Within 500,000 yuan, formal insurance financial institutions can be deposited, which interest rate is high, which gift is good, which service is good to choose which one is close to home, in particular, it should be pointed out that do not discriminate against small banks, within the scope of protection of the "Regulations", choose small and medium-sized banks such as urban commercial banks, rural commercial banks, credit cooperatives, village banks, etc.
2) If it is more than 500,000, it will be scattered and stored, and the selection factors will be the same as above.
3) More than 3 million (just examples), if it is troublesome to disperse, most of them can be deposited in state-owned commercial banks (the interest rate is low and the risk is low), which service is good and close to home, and a small part of the small and medium-sized banking institutions with higher interest rates are scattered.
4) You can also choose to purchase large-amount certificates of deposit, low-risk wealth management products, etc.
3. When to save?
Banks are the best time for customers to deposit when they carry out their activities. Among them, the annual "good start" period is the most important period for banks to collect deposits. At this time, banks tend to increase deposit rates in order to attract more customers. For example, some local financial institutions, such as rural commercial banks, will raise the interest rate on one-year fixed deposits to 2It is about 1%, and it is increased to about 3% for three years, and it will also provide customers with beautiful gifts.
In addition to the "good start", the end of June and the end of December are also critical periods for banks' mid-year and year-end statements. In order to meet the reporting requirements, some banks will also raise the interest rate slightly at these two points in time to attract more customer deposits.
It is very important for individuals to convert demand deposits or cash into fixed deposits in a timely manner. If you're a long time away from a "good start" or other event, there's no need to wait, as the yield will be higher if you switch to regular in time. In addition, when choosing a deposit product, you also need to carefully compare the preferential policies such as interest rates and gifts of different banks in order to choose the most suitable deposit method for you.
In conclusion, it is very important for customers to understand the bank's strategy and timing. By planning your deposit method wisely, you can get a higher yield and better returns.
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