The difference between bank wealth management and fixed deposits
1.The risks are different.
With the issuance of the new asset regulations, bank wealth management no longer promises to protect the principal, and most bank wealth management has transformed to net-worth products, which have the possibility of loss, so bank wealth management is risky, while time deposits are guaranteed principal and interest, basically there will be no risk.
2.Different flexibility.
Bank financial management has a certain closed period, generally does not support early withdrawal, fixed deposits can be withdrawn in advance, although part of the interest will be lost, but the principal can be guaranteed.
3.Coverage is different.
Fixed deposits are guaranteed by deposit insurance. If the bank fails, as long as the amount of the customer's deposit principal and interest is less than 500,000 yuan, the bank deposit insurance will also pay the principal and interest of the deposit to the customer. Bank wealth management is not covered by deposit insurance.
4.The term is different.
Fixed deposit tenors include 3 months, 6 months, 1 year, 2 years, 3 years and 5 years. The term of financial management of banks is relatively flexible, ranging from 7 days, 10 days to a year and a half.
5.The benefits are different.
The annual income of bank wealth management is about 45%-about 6%, while the income of fixed deposits is lower, about 3%, and the deposit interest rate of general urban commercial banks is higher.
Bank wealth management products belong to ** or deposits.
Bank wealth management products are neither ** nor deposits. A bank wealth management product is a financial product that is usually issued by a commercial bank and provides customers with the opportunity to invest.
Unlike **, bank wealth management products do not have the characteristics of open-ended ** and cannot be subscribed and redeemed at any time. They usually have a fixed term and are only returned at maturity for the principal and expected returns. The returns of a bank's wealth management products are usually related to market interest rates, fixed income**, etc., but do not directly track a specific index or portfolio.
In addition, bank wealth management products are also different from deposits. Deposit is the deposit of funds into a bank account, which guarantees the safety of the principal and earns interest income at a certain interest rate. Deposits have low risk and liquidity, and can generally be withdrawn or transferred at any time.
Recommendation of bank wealth management products.
1. Bank deposit wealth management products.
Deposit-type wealth management products are principal-protected, and the more common ones are time deposits, structured deposits, large-amount certificates of deposit, etc.
2. Medium and low risk **.
There are many types of *, and novices can choose to invest in the risk level of medium and low, such as currencies**, bonds**, index**, etc.
3. Treasury bonds. Treasury bonds, also known as "gilts", have a high credit rating, low risk level, and the coupon yield is generally higher than the bank fixed deposit interest rate in the same period, which is very suitable for novice investors to invest.