The first fact is that the bank's employees are really just thinking about the depositors. After all, early withdrawal of fixed deposits will indeed lose part of the interest
Previously, bank deposits had intelligent deposits, that is, if the fixed deposit is withdrawn in advance, the interest rate is implemented, that is, if the fixed deposit is withdrawn for 3 years, if the deposit has been withdrawn in advance after 2 years, if the deposit is withdrawn in advance, you can get the 2-year fixed deposit interest rate , thereby maximizing the income of the fixed deposit.
Later, the intelligent structured deposit was cancelled, and instead: if the fixed deposit is withdrawn in advance, all the interest is calculated based on the current deposit interest rate on the withdrawal date, so that the deposit interest will be greatly lost.
Take the listed interest rate on October 7, 2022 as an example. The current deposit interest rate is only 0.25%, the 3-year fixed deposit interest rate is about 2.6%, and the one-year fixed deposit interest rate is 1.65%. If Aunt Zhang deposits 150,000 yuan for 3 years, but withdraws it in advance after 2 years, she can only obtain a current deposit interest rate of 0.25%, and gets an interest rate of 750 yuan; if she deposits for one year, she can obtain a deposit interest rate of 1.65%, and gets an interest rate of 4,950 yuan, which is more than the 3-year fixed deposit withdrawal in advance.
Bank employees may have also given a kind reminder based on Aunt Zhang's family situation.
The second fact is that the performance of bank employees with 3 years of fixed deposit and 1 year of fixed deposit are very different. Therefore, bank employees of course hope that you deposit a fixed deposit for 1 year of
If the above situation may be a kind reminder, the following situation may not be so kind.
just mentioned that the deposit interest rates for fixed-term 3-year and fixed-term 1-year are different, which are 2.6% and 1.65% respectively. For banks, the cost of 3-year fixed-term deposits is 1.05 percentage points higher than the cost of 1-year fixed-term deposits, which will undoubtedly increase the bank's capital costs.
Some people will say that compared with 3-year fixed deposits, bank employees calculate the performance three times, so bank employees are more motivated to recommend 1-year fixed deposits. But in fact, when calculating the performance of a 3-year fixed deposit, bank employees will still obtain deposit performance within the deposit term.
The difference is that because the interest rate of 3-year term deposits is high, banks may give certain discounts to their performance when calculating employee performance. For example, when calculating bank employee performance, 3-year term deposits may only be equivalent to 70% or 60% of 1-year term deposits. This is the fundamental reason why bank employees do not recommend 3-year term deposits but recommend 1-year term.
The third fact is, from the perspective of bank expenditure deposit interest rates, fixed deposits for 3 years are far more interest than fixed deposits for one year, and bank deposit interest rates will have a downward trend in the future
Some people may ask, why did banks make such a decision? Anyway, for banks, isn’t it the same as deposits?
is actually really different. The reason is that although bank deposits are the basis of loans, banking business is ultimately about making money. The basis for bank money is the interest rate spread between deposits and loans. Under the premise of the same loan interest rate level, the level of deposit interest rate is directly related to bank profits. Therefore, banks have to give certain discounts on performance to assess employees' performance when dealing with deposits with high interest rates. This is the reason.
is equally important, the current deposit interest rate is under the downward channel and trend. Perhaps the bank's deposit interest rate will be lower in the future. Banks do not want the deposit period to be too long to lock in the cost of deposits, which will suffer when the deposit interest rate drops in the future. Therefore, when interest rates fall, banks hope that the shorter the deposit period, the better, so as to obtain lower-cost funds in the future.
deposit interest rate is related to the income of the deposit. It is not easy to choose a bank. If you go to the bank to deposit, you need to make a certain choice on the term, interest rate, and even the deposit in which bank you need to make. (Qijian)
