"I started swiping the bank's APP at 8:55 in the morning, and there is no quota at all!" "The 3-year interest rate is only 3.25%, and there is no quota!" On a social platform, many investors failed to successfully buy large amounts of money. Troubled by the deposit certificate.
Since the beginning of this year, the interest rates of large-denomination certificates of deposit of many banks have been lowered, even lower than the interest rates of time deposits in the same period.However, large-denomination certificates of deposit are still the "sweet pastry" in the eyes of many depositors, and many banks are in urgent situation of quota.
Analysts believe that this is related to the fact that most banks' large-denomination certificates of deposit have a transferable function. Even if customers withdraw in advance, the interest will not be damaged too much.
When it comes to the trend of interest rates, industry insiders believe that it may decline in the long run.For conservative investors, in addition to paying attention to time deposits and large-denomination certificates of deposit, they can also consider products such as bank wealth management products, increased whole life insurance, annuity insurance, and brokerage income certificates.
Interest rate cuts are still hard to come by
"About April this year, our bank's 3-year and 5-year fixed deposit interest rates have been lowered by different degrees. However, on the whole, the sales of large-denomination certificates of deposit are still very good." Customer Manager of a branch of Minsheng Bank in Beijing Xiao Yang introduced to reporters.
"Every month is approaching the end of the month, and the amount of large-denomination certificates of deposit will be relatively tight. If customers want to buy, they need to apply to the account manager separately or snap up purchases on the mobile APP." said Xiao Li, the account manager of a branch of the Agricultural Bank of China in Xicheng District, Beijing.
It is worth mentioning that this is not just because the interest rate on large-denomination certificates of deposit is relatively high.In fact, the interest rate of large-denomination certificates of deposit in some banks has dropped to the same level as that of time deposits, or even lower than the interest rate of time deposits.
According to Xiao Yang, the bank's 3-year large-denomination certificate of deposit interest rate is currently 3.4%, and the 3-year fixed deposit "Anshun" interest rate is also 3.4%, but the minimum deposit amount of "Anshin" is low, only 10,000 yuan, a large amount. A certificate of deposit requires 200,000 yuan.
"Although they are both savings products, the functions of large-denomination certificates of deposit and ordinary time deposits are different. Our bank's large-denomination certificates of deposit have a transferable function. If customers want to withdraw in advance, they can transfer the certificates of deposit to others, and the loss of interest will also be reduced. will be smaller."
Xiao Yang believes that the transferable function is an important advantage of large-denomination certificates of deposit.
According to a relevant person from ICBC, transferable large-denomination certificates of deposit are attractive to investors.When an investor needs money urgently after purchasing a large-amount certificate of deposit, and does not want to withdraw in advance, the interest is calculated at the current interest rate, and it can be transferred through the online banking platform.Compared with early withdrawal, interest loss is less, and it can meet the needs of liquidity, which is beneficial to both buyers and sellers.However, on the whole, due to the mismatch between the needs of the transfer parties and other reasons, the current online transfer ratio of large-value certificates of deposit is still relatively low.
Can pay attention to bancassurance products
The favor of depositors for large-denomination certificates of deposit reflects the current investment difficulties faced by many investors.
An investor told reporters that the capital market has fluctuated greatly since the beginning of this year, and he currently does not have a favorite financial product, so he has invested a large amount of funds in time deposits and large-denomination certificates of deposit, so as to feel at ease.
In this regard, Xiao Liu, an account manager of a branch of China Merchants Bank in Beijing, told reporters that in the long run, the deposit interest rate may be lowered. For conservative investors, they can also pay attention to bancassurance products such as incremental whole life insurance and annuity insurance. The annualized settlement interest rate can reach about 3.5%, and compound interest is calculated, which is a good investment choice.In addition, the current is also a good time to enter the fund.
"In the long run, the narrowing of interest spreads in China's banking industry and the continued decline in the market's risk-free yield are high-probability events, and there will be fewer and fewer deposit products with high prices. Relatively conservative depositors need to establish expectations in advance; For depositors with risk tolerance, they can appropriately adjust their risk preferences and pursue higher returns in the process of participating in capital market investment." Jin Tian, a senior researcher at the Institute of Digital Economy at Zhongnan University of Economics and Law, said.
