Last night, news came out of the market that many state-owned banks will lower their deposit interest rates from today. Then we saw that ICBC , Agricultural Bank , CCB , and Bank of China have all issued announcements, lowering the interest rate of personal deposits.
The interest rate of fixed deposits in the previous three years was 2.75, but now it has been reduced by 15 basis points in one fell swoop to 2.6%. The personal deposits for other deposits have also been reduced by 10 basis points respectively.
After completing this adjustment, the deposit rate for the five-year period is 2.65%, a little higher than the three-year period.
is currently very confusing for most depositors: First, should you choose three years or five years to choose medium- and long-term deposits in the future? Second, as bank deposit interest rates continue to decline, how should we manage our finances in the future?
01
In fact, this time the bank adjusted the deposit interest rate for a long time.
00 LPR was announced on August 22. At that time, the one-year LPR dropped by 5 basis points, and the five-year LPR dropped by 15 basis points in one fell swoop. This means that the average interest rate of banks' loans has dropped to varying degrees, and it also means that the bank's deposit-loan gap has been further compressed.
For banks, the best loan should be mortgage loans for individuals. Now, many cities have an additional 20 discounts for first-home home loans, which is a 20-point discount on the basis of a five-year LPR. This also shows that for banks, the gap between loans and deposit interest rates has become very small.
In this case, reducing the deposit interest rate is a very normal choice.
This year, there was an adjustment in April. At that time, after the adjustment of LPR, the average loan interest rate across the country continued to decline. Therefore, banks lowered the large-denomination certificates of deposit and ordinary deposits respectively, and most of the deposit periods were reduced by 10 basis points.
02
For a long time, the deposit rates for three-year and five-year periods were 2.75%. However, after this adjustment, the three-year deposit interest rate is slightly lower than the five-year deposit interest rate, but the gap is not big. How should we choose the deposit period?
For investors who pay great attention to security and conservatism, I suggest choosing a five-year one.
is not because the five-year deposit rate is 5 basis points more, but considering that once we deposit money into a five-year fixed deposit. At least the next five years, it will no longer be affected by interest rate cuts.
If we put our money in a three-year deposit, we are likely to face a further decline in the deposit interest rate after the three-year maturity.
According to the current economic development trend, the possibility of interest rate cuts in the future is far greater than the possibility.
For the same reason, investors who are very concerned about security and conservative should also pay attention to the pension deposits that will be launched at the end of this year. If they happen to be in a pilot city, can you see whether these long-term deposits are suitable for you when you see them?
has a maximum long-term deposit of 20 years, which means that the deposit interest rate in the next 20 years will no longer be affected, which may be a better choice.
03
However, for other investors, a better suggestion should be to gradually master other investment and financial management methods, and not just put all the money in your deposit.
This is like disappearing cheese. As the cheese is slowly decreasing, we should not consider how to store as much cheese as possible, but think about where to choose alternative foods.
For investment and financial management, although deposits are the safest, they have the lowest returns.
Other investment and financial management methods have the risk of fluctuation, but as long as we master the methods, the return and risk ratio is still acceptable in the long run.
