In today's society, financial institutions have sprung up like mushrooms, and the number of banks has become so large that the number of people is too numerous to count. In the face of many choices, rural credit cooperatives and postal savings banks can be said to be all over the place, and even in the vast rural areas, villagers can find branches of these two banks as long as they are close to their homes. 
For this situation, many young people are still puzzled, after all, the convenience of mobile payment is getting higher and higher, many people have become accustomed to using mobile payment for settlement, even if there is remaining money in hand, they will also deposit them into mobile payment platforms such as Yue Bao for financial investment. So until now,Do anyone still deposit their deposits in the "Rural Credit Cooperatives" and the "Postal Savings Bank"? 
Background of the two banks
As two local financial institutions under the supervision of the People's Bank of China, the two banks have been working closely with the rural and postal systems since their inception. This also determines that they have a unique advantage in financial services. 
1.Rural Credit CooperativesIn rural credit cooperatives, farmers can not only handle their own financial business, but also obtain various information on agriculture, animal husbandry, and rural development. Whether it is a small amount of savings or a small loan, rural credit cooperatives can always provide considerate services, so that farmers can feel the warmth that urban banks cannot match. It is precisely because of this relationship that rural credit cooperatives enjoy a high reputation in the countryside. 
2.Postal Savings BankThe Postal Savings Bank of China is a product of the Postal Savings Bureau of China after it was restructured into a corporate bank. It inherits the genes of the postal service, and also inherits the advantages of the postal service. Whether in urban or rural areas, the postal service is an important channel for people to transmit information and send goods. Through cooperation with the postal system, PSBC provides customers with convenient financial services. Whether it is deposits, transfers or payments, PSBC will aim to be safe and efficient. And the Postal Savings Bank has sites all over the country, even in the most remote rural areas, you can find the Postal Savings Bank, and it is precisely because of the wide coverage, safety and efficiency of the Postal Savings Bank that people trust the Postal Savings Bank so much. 
Two banks in the rural market
Although, the presence of the Postal Savings Bank and rural credit cooperatives in the cities is relatively low. However, in the vast rural areas, the market share of the Postal Savings Bank and the rural credit cooperatives, as well as the recognition of customers, are still quite high. 
It is no exaggeration to say that the share of the financial market in rural areas has long been divided between the Postal Savings Bank and the rural credit cooperatives. In recent years, even the Agricultural Bank of China and the China Construction Bank have tried to get involved in the financial markets in rural areas, but it is difficult to get a piece of the pie. The main reasons why these two banks are popular with rural residents are as follows:
1.Both banks lend money to the rural financial market. Many rural residents need to apply for loans from financial institutions if they want to engage in agricultural production activities or do business, and in rural areas, the postal savings banks and rural credit cooperatives are the main ones, so some farmers will apply for loans from these two financial institutions. Once the loan application is approved, the farmer puts the loan on the bank's books, ready to use it at any time. Therefore, the Postal Savings Bank and the Rural Credit Cooperatives are still very popular among local farmers. 
2.The physical outlets of the Postal Savings Bank and the Rural Credit Cooperatives are located in almost every corner of the vast rural areas. Many rural residents don't like to keep their money in online banking apps and feel unsafe. They prefer to deposit their excess money in the nearby Postal Savings Bank and Rural Credit Cooperatives because it is more secure to keep their money in a nearby bank. 
In addition, many elderly people in rural areas have to receive their pensions from the Postal Savings Bank or rural credit cooperatives every month, and they will naturally have a sense of trust in the Postal Savings Bank and rural credit cooperatives. Therefore, many elderly people in rural areas will deposit their excess money in "rural credit cooperatives" and "postal savings banks". 
Farmers save money
Which bank to deposit in
When rural residents save money, should they deposit money in the "rural credit cooperatives" or the "postal savings banks"? First of all, the Postal Savings Bank is one of the six major state-owned banks, and the possibility of bankruptcy is almost zero. So the security of depositing money in the Postal Savings Bank will definitely be higher.
The interest rate of the reform of rural credit cooperatives is generally higher than that of the Postal Savings Bank, so that those rural residents with low incomes are more inclined to deposit their money in rural credit cooperatives in order to obtain higher interest returns on deposits. Although the deposit interest rate given by the rural credit cooperatives is relatively high, the security is still lower than that of the Postal Savings Bank.
Therefore, each rural resident can decide which bank to deposit money in according to his own needs and actual situation, for example, look at the two banks, which one is closer to his residence, so that it is more convenient to deposit and withdraw money. However, we also have two suggestions for farmers to save money:
1.When rural residents deposit money in "rural credit cooperatives" in order to obtain higher interest income, it is recommended that the principal + interest of the deposit should not exceed 500,000 yuan. After all, if a bank with a deposit insurance mark has a risk of bankruptcy and bankruptcy, depositors can be fully compensated for the principal and interest of less than 500,000 yuan.
2.If rural residents deposit their money in rural credit cooperatives, it is best not to deposit money for too long (such as 5 years or more).Although this way of saving money can earn higher interest income, the longer the deposit period, in case the bank goes bankrupt or dissolves halfway through, it may cause the depositor to be more passive.
In short, both banks have their own advantages, and in rural areas, not only middle-aged people prefer these two banks, after all, middle-aged people also have the need to apply for bank loans for business; The elderly also have to go to the "rural credit cooperatives" and the "postal savings bank" to receive pensions. As for which bank to choose, it is necessary to decide according to your own needs, and at the same time consider the safety of deposits.
If you are more inclined to security considerations, you can choose the Postal Savings Bank; If interest rates are higher, then you can choose rural credit cooperatives. In general, which bank to choose depends on each person's different views on the risk of deposits. Wan Ziwen said:Every word of the article was typed out by me, and I clicked it outLookingLet me know that you are also working for lifeDo your best