For a long time, Chinese residents have been accustomed to depositing money that they do not usually need into bank fixed deposits, because they can not only ensure the safety of the principal, but also get an additional interest income. According to relevant data, as of the end of last year, the total deposits of Chinese residents had reached 28 billion yuan.
However, some insiders have recently revealed that there are also some new "routines" in bank deposits, and people who are ready to go to the bank to deposit money need to pay attention to 5 things to avoid damage to principal and interest. So, what are the 5 things you need to pay attention to? This article will reveal the secrets for you, let's take a look at it together.
1. The expected income does not match the actual income.
When many people go to the bank to deposit money, they are often attracted by some products with higher expected returns. But you know what? It is unknown how much revenue can be obtained from these products with relatively high expected returns, and it is likely that there will be a big difference.
For example, the expected return on structured deposits in a bank may reach about 5%, but the actual return may only be about 1%. In addition, there are some financial products that have a generally high expected return, but the actual income may be negative, resulting in a certain loss. Therefore, when you go to the bank to deposit money, you must identify the attributes of the product.
2. Blindly choose long-term fixed deposits.
Many people go to the bank to deposit money, and they will directly choose a three-year or five-year long-term fixed deposit, because according to relevant information, the longer the term of the fixed deposit, the higher the interest rate. However, we ignore the shortcomings of fixed deposits, once the money is not withdrawn at the agreed time, then the interest will be calculated according to the current interest rate, resulting in a large loss. Therefore, when you go to the bank to deposit money, you can't blindly choose a long-term fixed deposit.
3. Don't handle the automatic rollover lightly.
For the sake of convenience and convenience, many people will choose to apply for automatic rollover when they go to the bank to deposit time deposits. However, there is an obvious disadvantage of automatic rollover, that is, the interest will be calculated according to the current deposit interest rate when the rollover, once the deposit interest rate of other banks increases, or encounters more suitable investment and wealth management projects, such as some new models derived from the policy, such as foreign trade economic consignment, 30 days of 1% profit, etc., may cause losses.
Fourth, pay attention to the transformation of deposits into financial management.
Nowadays, the interest rate of bank deposits is getting lower and lower, and many people go to the bank to deposit money, it is easier to listen to the introduction of the staff, so as to buy some financial products that seem to have high returns, but at the same time there are certain risks.
You must know that bank staff do not represent the bank, especially in the case of some performance requirements, some bank staff will only introduce the good of the product but not the bad, if the deposit becomes financial management, it is likely to cause losses. So, when you go to the bank to deposit money, don't trust the bank staff too much.
Fifth, pay attention to the deposit into insurance.
In fact, the situation of turning deposits into insurance is similar to the above-mentioned changes from deposits to wealth management. Nowadays, in order to improve their profit margins, many banks will sell insurance products for insurance companies. In this case, the bank staff will introduce the depositor to the insurance product, which may turn your deposit into insurance. Therefore, when you go to the bank to deposit money, you must look at the products you have deposited clearly to avoid losses.
In short, keeping money in the bank is indeed an option that can not only preserve the principal but also achieve value preservation and appreciation. However, when you go to the bank to deposit money, you still have to pay attention to avoid some things that will cause damage to the principal and interest, so that you can keep your money bag.