The bank manager confessed that the fixed deposit 4 is not wanted, and many people regret not being at the beginning
In the post-epidemic era, the world economy is recovering slowly, and the market prospects of a large number of financial investment products are worrying.
But is fixed deposit really risk-free, completely stable and safe? The bank manager told the truth, if depositors step into fixed deposits"Four none"The deep pit, not only with little effect, may even face losses, the possibility of deposit depreciation, there are already many depositors unhappy!
So let's talk about fixed deposits"Four none"How can ordinary people realize savings from fixed deposits, reduce risks and improve efficiency?
For ordinary bank depositors, the first criterion for choosing the type of savings product and bank is often the interest rate. When bank tellers market to depositors, they tend to focus only on interest rates and not on risk, commissions, and other issues.
According to national law, taxes and other hidden service charges are included in the contract, but it is difficult for the average person to read the contract in detail. It is also difficult for non-specialists to read the full text of the contract.
As a result, savers blindly pursue high economic efficiency, ignore the high interest rate curve of fixed deposits, and charge high active interest through high taxes, handling fees, service charges, etc., and ultimately obtain returns comparable to normal savings.
In the increasingly competitive banking industry, this kind of"Gimmick style"The marketing method has been common, its procedures are fair and just, the contract is also clearly stipulated, the implementation is legal, and in the end, only the savers are dumb to eat Coptis chinensis, and there is no bitterness to say.
It's worth noting that this type of marketing is more common in the operating model of smaller banks.
Due to the fierce competition in the banking sector, small banks have to do whatever it takes to survive. For big banks, brand image and reputation are the foundation of their survival, and using marketing gimmicks is tantamount to overdrawing their own business life.
The most important thing before buying any financial product is to read the product's risk warning.
A bank's fixed deposit is also essentially a financial product, and as long as it involves a financial product, it will face both gains and losses.
In the published list of the world's top 500 companies, six of China's largest banks are listed, indicating the prosperity of China's banking sector and the fierce competition in the banking sector.
Major banks have reformed and restructured their fixed deposits to introduce a variety of preferential products to attract investment from savers.
The most effective of these adjustments, and the most attractive to savers, is undoubtedly the increase in interest rates. But as interest rates rise, so do risks.
This is because, when various high-interest rate financial products are launched, it is often a period of socio-economic recession and the urgent need for liquidity in all walks of life.
At this time, the interest rate on bank-to-company lending will rise, which indirectly leads to an increase in the interest rate for savers. But both the benefits and the risks are often relative.
A further deterioration of the socio-economic situation will lead to the outbreak of an economic crisis, causing severe inflation and, in turn, the depreciation of the currency.
This situation will lead to a large amount of the user's deposit, a decrease in purchasing power, and since it is a fixed deposit, the casual withdrawal will also become a default, and the interest will be greatly discounted"lost his wife and broke his soldiers"of the situation.
It is worth noting that a large number of smaller banks often attract users with high interest rates. In addition to high interest rates, there are often holiday deposits, oil- and rice-related events to attract users to save.
Small banks, like the six major central banks such as China Construction Bank and Agricultural Bank of China, have high high-risk deposits compared to their own natural disadvantages. Many people have the inherent impression that banks are stable and will not fail businesses, but this is actually a misconception.
Since the founding of the People's Republic of China, four banks, Shangcun Rural Credit Cooperative, Hainan Development Bank, Hainan Commercial Bank, and Baoshang Bank in Suning County, have collapsed one after another due to poor management.
According to the applicable laws of the People's Republic of China, if the user's bank deposit is less than 500,000 yuan, the full compensation will be made; However, if it exceeds 500,000 yuan, it will be compensated according to the standard of 500,000 yuan, and the deposit can only be borne by the head of the household at his own risk.
It can be seen that even fixed deposits are also risky, which requires our savers to pay attention to two aspects when saving.
The first is to control the amount of funds.
Even if the bank interest rate is high, you should know when to stop and try to avoid exceeding the 500,000 payment threshold.
It is important to understand"Don't put all your eggs in one basket"Choose several banks to save or open an account with your family to avoid financial losses in the event of a bank failure.
The second is to pay attention to bank fixed deposits, both insured and uninsured.
According to the different fixed deposit savings plans offered by different banks, the corresponding insurance coverage, insurance amount and the cost of purchasing insurance are also different, and the insurance coverage of assets is one of the factors that affect users to choose the right time deposit.
Why is the interest rate on fixed deposits higher than the interest rate on demand deposits? This issue is closely related to the bank's business model. Where do the bank's profits come from? Undoubtedly, most of them are loans to companies and charge interest.
The money deposited by the user into the bank is the principal that the bank lends to the company.
For banks, the stability of this fund is crucial, otherwise it will face the problem of liquidity shortage, which is why fixed deposits clearly stipulate that users are not allowed to withdraw deposits at will.
In many banks, the term of fixed deposits is clearly stipulated, generally three to five years, beyond which you can choose to continue to store or withdraw.
If the money is withdrawn during the time of the fixed deposit, the fixed deposit will be converted into a mobilization deposit, which will lead to a significant decrease in the interest rate.
In addition, some fixed deposits have strict default clauses, which means that users who withdraw money during the fixed term period are in default and must pay liquidated damages to the bank.
If you withdraw your fixed deposit early, you will lose interest on your deposit for many years.
Therefore, when handling fixed deposits, users should not put money on themselves, and anyone can set aside enough funds to deal with emergencies according to their actual situation when they face a sudden need for money, and then idle the remaining assets in the fixed deposit.
As electronic payments become more convenient, the use of bank cards is also increasing, and by 2023, the number of bank cards in China will reach 938.2 billion, with an average of about 6 cards per capita, and that's not counting minors and seniors in remote areas, who have an even higher number of cards.
Electronic payments are convenient and easy to use, but there are some drawbacks when used for fixed deposits.
For ordinary people, it is easy to confuse the use of different bank cards, WeChat, Alipay is also linked to the bank card for payment, if the wrong bank card is used, then it will violate the provisions of the fixed deposit can not be withdrawn in advance, resulting in a loss of a lot of interest.
In addition, there is a lack of transparency in the regular use of bank cards for savings, and over time, users may forget what each card is for, which can lead to problems with secondary investments, both in terms of the distribution of income from the first investment project, and in terms of default.
For savings accounts, this problem can be avoided. The start and end times of the deposit, as well as the amount of the deposit, are specified on the passbook to avoid this.
In addition to the above four points that will endanger users' regular savings, other pros and cons of regular savings are also worth paying attention to by savers in order to obtain higher financial returns.
First of all, the tenor of a fixed deposit should not be too long.
For the average saver, 3 years is the most suitable term savings period. If it's 1 or 2 years, it's usually difficult to get a higher interest rate due to the shorter time.
If it is a five-year fixed deposit, then with the change of national policies and bank operating policies, the annual interest rate changes are very obvious, and if the term of a single fixed deposit is too long, it will cause depositors to miss the opportunity to enjoy high interest rates.
Finally, pay attention to the automatic rollover of bank deposits. After the maturity of the fixed deposit, many depositors who do not need money urgently often adopt the automatic rollover method, but the automatic rollover is not equivalent to inheriting the interest of the first savings account, and some banks even deliberately reduce the interest of the automatic rollover.
Therefore, instead of bothering with the painstaking process of time deposits, savers should re-examine the similarities and differences in the interest rates of various banks and choose the most suitable time savings method.
With the full recovery of the world economy, fixed deposits have become the most common way for most families to manage their finances. However, there are also many caveats to fixed deposits that should be avoided"Four don't"to avoid falling into the trap of depositing a fixed deposit in order to enjoy high interest rates.
For bank fixed deposits advertised by bankers"Fourth, it is not allowed"What do you think? How do you choose to manage your idle assets? Please leave a message in the comment section and we will discuss together.
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