Bank Staff Interpretation Why do some people still choose "time deposit"?
In the era of national financial management, everyone's investment philosophy has also changed. A wide variety of investment vehicles that many people are immersed in. However, it is such a thriving scene, and there are some people who are using a relatively "conservative" approach to saving. Nowadays, there are so many financial products in the financial market, why do people still choose to save? Xiao Wang, a bank employee, will reveal the truth to you.
First, it's a safe savings. Compared with **, these investment and financial products, it is still relatively safe. A bank is a financial organization whose business is essentially to absorb savings and distribute them to individuals or companies in need to obtain interest rate differentials. During this period, banks will carry out strict risk management to guarantee the safety of their funds. In the event of a financial crisis, deposit insurance is used to protect the interests of depositors and protect their property. Therefore, you should choose a fixed savings account so that you can ensure the safety of your assets.
Second, fixed savings have a higher rate of return. Compared with other wealth management products such as ** and **, its returns are relatively stable. Although it has very little interest, its returns are stable. Over the life of your savings, the return on your savings will be independent of your market conditions. It's a great way for people who don't want to take risks, but want solid returns.
Third, savings is a type of highly liquid savings. Although you can't withdraw it at any time during the savings period, you can convert it into a checking account or renew it during the savings period. In addition, when you need money urgently, you can also withdraw your regular savings and convert them into a checking account to meet your financial needs. Such high liquidity makes it a more flexible choice in terms of capital management.
Fourth, there are more tax benefits to saving. Judging from the current situation, in China, banks are exempt from tax on interest income from personal savings. This means that if you choose to save regularly, you will enjoy a tax deduction that will give you more of a return on your financial income.
Despite the many advantages, it cannot be said that there are no drawbacks. There's no denying that regular savings rates are low. When inflation increases, the real return on bank savings will decline. Therefore, you should weigh the advantages and disadvantages according to your specific situation and make the right decision.
Although fixed deposits have certain advantages, in this era of national financial management, whether to buy fixed deposits or not should be comprehensively considered according to their own investment goals, risk tolerance and other aspects. In order to maintain and increase the value of assets, it is necessary to choose a suitable method.
Overall, while regular savings are a little lacking in terms of returns, they offer security, stability, liquidity, and tax advantages. When choosing financial products, you must consider all aspects of the factors in combination with your actual situation, so as to find a suitable financial instrument. Finally, I sincerely wish you all the joy of financial management in the future financial road, while the harvest continues to increase!
So, where do regular savings fit into your financial plan? Will you use your savings as your money**? You can leave a message in the comment area, everyone together**!