Be prepared for danger in times of peace and prepare for the future. Chinese people have always had a very strong sense of storage. When the situation is relatively good, if we can save more money, then when the crisis comes, there will be more ways to deal with it.
Because of this, many older generation Chinese usually deposit in the bank after getting their salary.
Originally, young people sneered at this idea, believing that timely consumption and the value of money are maximized is the right way to do it.
But after the epidemic began to rage, everyone has improved their sense of deposit. In recent years, the number of deposits of Chinese residents has increased significantly. Generally, people choose to deposit time deposits when making deposits, but there are five things to note when making fixed deposits.
1. You must not be lazy in the deposit process, you cannot be careless
Deposit is a very important thing, because these money are obtained through hard work, so we must not be too lazy when we deposit fixed deposits.
Some people think that if you put your money in state-owned banks, such as Bank of China , Industrial and Commercial Bank of China , you don’t have to take the initiative to check the status of your deposit, just let it keep making money. The idea of
is actually wrong, because when we deposit, banks usually give two options, one is to carry forward automatically, and the other is to withdraw it regularly. If the bank does not help us carry forward automatically, then we need to manually deposit it again after the deposit expires. If we keep being lazy and not taking the initiative, we will suffer a great loss of interest.
In addition, we cannot be careless during the process of fixed deposits. The personal deposit interest rates given to retail investors by different banks are very different.
Generally speaking, People's Bank of China will allow all banks to have an benchmark interest rate as a reference based on the economic development in recent years. In order to attract customers to deposit within their own banks, major banks will give different interest rates. We should carefully review the interest rate numbers given by each bank, and then pay attention to protecting our privacy and security during the deposit process. Never disclose the bank card password to others.
2. Reject long-term deposits and insist on decentralized deposits
In the process of fixed deposits, the third and fourth points we need to pay attention to are rejecting long-term deposits and insisting on decentralized deposits.
refuses long-term deposits because if the time limit is reached, the interest in the fixed deposit cannot be effectively calculated before the time limit reaches.
In order to obtain higher interest, some people choose to deposit their money for 3-year or 5-year fixed deposits. This approach actually has certain risks, because we cannot guarantee that during this period, families will not encounter any important changes, so we must refuse long-term deposits.
Secondly, we cannot deposit centrally in one bank. There is a saying that eggs cannot be placed in the same basket.
It is true that many people choose state-owned banks with high credibility when making fixed deposits, but unexpected situations are happening, and no one can be sure whether state-owned banks are really 100% trustworthy.
Therefore, we should spread our money among several different state-owned banks to reduce the risk of our interests being damaged.
3. Take care of financial management products
. The last point we need to pay attention to is that in the process of fixed deposits, we must not be confused by the words of bank staff and choose financial management products easily.
Many times, in order to meet their business volume requirements earlier, bank staff will use any means to persuade customers who come to deposit time and ask them to choose some financial products.
However, fixed deposits and financial products are very different because the latter cannot guarantee returns for customers. Sometimes, if the market economy is not ideal, then the user's principal will also suffer losses.Although the interest rate for fixed deposits is not high when the market conditions fluctuate, they will not lose all our money.
Generally speaking, if our family assets are rich enough, then we can indeed choose to invest a considerable amount of money when allocating some fixed deposits and investing in financial products to maximize our returns.
Of course, this must be a decision made after a reasonable assessment of our risk tolerance. No matter what, we should be careful about financial products.
summary
The market is risky, so you need to be cautious when investing. Time deposits are an investment method that ordinary people can choose with relatively small risks and reasonable returns. If we just put our money in our bank card account and let them eat in vain, this will not work. Because apart from hard work, saving can not only allow us to save more money, but also allow us to gain certain benefits. Of course, if people are not satisfied, they will swallow elephants. As long as we can recognize the reality and do not blindly pursue some high interest rates, we will find it difficult to suffer losses.
