Bank fixed deposits have always been a common way to manage money, but did you know that there are actually two forms of it? One is with a book.,The other is without a book.。 What exactly is the difference between these two forms? What is the impact on the safety of depositors' funds and earnings? Let's have a ** after all!
First, the first choice for the older generation of book deposits
There is a notebook time deposit, that is, a physical deposit certificate obtained by the depositor when opening an account in a bank, which records the depositor's information, deposit period and interest rate. This traditional form is still preferred by many older generations of savers.
The biggest advantage of having a book fixed deposit is the physical certificate, which gives people a sense of security. The certificate of deposit can confirm the deposit information and avoid errors or tampering with the information.
In addition, certificates of deposit can be used in different banks and regions, and depositors can operate certificates of deposit and identification certificates in other branches or cities, which is extremely convenient. The person and the original deposit receipt must be presented for each transaction, which helps to prevent illegal misappropriation of funds.
However, there are drawbacks to having a book deposit. Certificates of deposit are susceptible to damage or loss.
Therefore, the first issue to be addressed is deposit insurance. If the certificate of deposit is lost, the depositor needs to go through the loss reporting procedures, which is a little troublesome.
In addition, there is a book deposit that needs to be operated over the counter, and the process is relatively complicated, and it is not possible to check the account or withdraw cash at any time. And most importantly, compared with deposits without books, the interest rate of deposits with books is slightly lower.
Second, the new favorite of young people without book deposits
Non-principal deposits and withdrawals refer to depositors making fixed deposits through electronic channels such as mobile banking or bank cards, without the need for physical certificates, and only need to remember the account password. Young people prefer this method and pursue convenience, but this requires the use of smartphones, which is not very friendly to the elderly.
With the no-principal deposit method, depositors can use mobile banking or bank cards to monitor the deposit status in real time and understand the past movement of funds. In contrast, this method is more convenient.
Not only can you complete transactions with your mobile phone or bank card, but you can also avoid anxiety due to lost or damaged passbooks, and you don't have to queue up at the bank counter to complete your business. But despite the convenience, no-deposit is not without risk.
First of all, due to the network technology involved, there are certain network security risks, and criminals may use the network to steal funds. For older people who are not familiar with the web, it is easy to become a target for fraud and money transfers.
Secondly, there is no physical certificate after the funds are deposited in the bank, which is easy for depositors to have a vague concept of capital flow. They may spend frequently, ignore financial pressures, and may become"Moonlight Clan", unable to accumulate and manage wealth effectively.
3. Choose a deposit method to see your needs
Want to maintain and increase your value, and want to know the movement of your money at any time? A deposit with a book may be more suitable for you. Need money in an emergency, want to do things quickly and easily? Then no book deposit may be more distracting.
Are you a physical party, less familiar with the web, and more concerned about security? There may be a book deposit that is more to your liking. Are you digital, web-savvy, fashionable, and convenient? That no book deposit may grab your heartstrings even more.
Don't forget, be flexible with market conditions and bank policies! There are books and deposits without books, and the interest rates are about the same, and they are calculated according to the benchmarks set by the central bank.
However, sometimes banks will promote various preferential activities in order to attract customers, such as interest rate hikes, gifts, insurance, etc. These activities or services may limit the deposit with and without the book, so you have to pick the bank that suits you best and check out their preferential conditions and conditions.
Finally
When it comes to ways to save, we have to consider people of different ages. For example, the elderly use a "notebook" to save money, which is indeed old-fashioned, but it is simple and safe for them. They have time and energy, and queuing is not a big problem.
Hey, but young people are different! We are suitable for "no capital" savings, which is much more convenient and can bring a lot of convenience to life. We have a high awareness of network security, and we can avoid risks very well. Bank deposits