In recent years, interest rates on bank deposits have been declining. A few years ago, deposits with interest rates of more than 3%-4% were widely available, but now deposits with interest rates above 3% are hard to find. So, what other stable investment and wealth management products can be higher than the interest rate of deposits?
Wealth management products should not only be stable, but also have a higher income than the interest of deposits, and it depends on how long you are prepared to save this money.
First of all, if it is less than 1 yearThen treasury reverse repo, cash management and currency** are all good choices.
The reverse repurchase of treasury bonds with a maximum maturity of no more than half a year can be said to be the best choice to replace bank deposits in the same period. Because the reverse repo of treasury bonds is also a product with guaranteed principal and interest, the security is similar to that of bank deposits, and the interest rate is higher than that of deposits of the same maturity most of the time.
However, the reverse repo of treasury bonds is not without disadvantages, one is that the yield changes frequently, even within 1 day, the yield may be quite different. The other is that it will not be automatically renewed after expiration, and if you want to renew, you need to purchase it manually.
Cash management and currency** have no fixed term, but if they are to be used as a replacement for bank deposits, they are only suitable for deposits with a maturity of one year or less.
Because the yield of cash management and currency ** is only about 2%, even if it is held for a long time, the yield will not be higher, unless the overall interest rate level of the market has risen. Therefore, the yield of these two wealth management products is only slightly better than the interest rate of deposits with a maturity of 1 year and below.
In addition to the rate of return, these two wealth management products also have an advantage over bank deposits in terms of liquidity, because they can be withdrawn at any time and no interest will be deducted. If you want to have a higher interest rate than bank deposits and better liquidity than bank deposits, these two wealth management products are a good choice to replace products with a maturity of less than 1 year.
Secondly, if you are planning to save for more than 1 year and less than 5 yearsThen treasury bonds, bank wealth management, and pure debt** are all optional.
At present, the yield of treasury bonds of more than 1 year and less than 5 years is 21%—2.75%, although not high, but at least slightly higher than the deposit interest rate of state-owned banks and joint-stock banks, compared with the deposit interest rate of some small and medium-sized banks.
As long as the bank wealth management is a product with a risk level below R3, it is relatively stable, although it cannot guarantee that it will not lose, but the probability of loss is relatively small, and the yield will be higher than the interest rate of bank deposits.
The return and risk of bonds** are similar to those of bank wealth management below R3, the difference is mainly that most pure debts** do not have a fixed term, while most bank wealth management has a fixed term. Although there is no guarantee that the bond will not lose, it will not lose if it is held below 1-5, as long as it is not liquidated, there is a high probability that it will not lose.
Dynamic incentive plan in February Again, if you are ready to save for 5-10 years, you can choose products such as bank pension wealth management and pension goals. These financial products designed for the elderly generally have a term of more than 5 years, and the risk will not be very high. 
Finally, if you are ready to save for more than 10 years,Then you can consider increasing your whole life insurance. Although the maximum rate of return of increased whole life insurance has now dropped to 3%, its yield is calculated on the basis of compound interest, and if it is calculated according to the simple interest on bank deposits, the yield can exceed 3%.
However, incremental whole life insurance does not start with a 3% yield, but will only be available after holding it for more than a certain number of years. If you are not prepared to save for more than 10 years, it may not be more cost-effective to buy an incremental whole life insurance than to have it in a bank.
Of course, the above financial products are not suitable for everyone, if you want to buy, you still have to see whether it is suitable for you.