Go to the bank to deposit money and choose different banks to deposit money, the interest rate is obviously different. For example, according to different types of banks, the deposit interest rates of state-owned banks are relatively low, while the deposit interest rates of private banks are relatively high. So, does this mean it is better to keep the money in private banks?
Is the interest on private deposits worth depositing?
It depends on whether the deposits of private banks are worth depositing. First of all, you must know how high the deposit interest rate of private banks is. According to the listing interest rates given by a private bank, its 1-year deposit interest rate is 2.25%, while the 3-year and 5-year deposit interest rates are 3.5% and 4% respectively. Is this interest rate considered high?
According to the pricing mechanism of bank deposit interest rates, the deposit interest rate is formed by adding points to the benchmark deposit interest rate. The benchmark deposit rates for the 1-year and 3-year periods are 1.5% and 2.75%, respectively, which means that the private bank's 1-year and 3-year periods have added 75 basis points to the benchmark deposit rate, which is 0.75%.
You should know that according to the provisions of the bank's self-discipline agreement, the fixed deposit interest rate of of non-state-owned banks can only add 75 basis points to the benchmark deposit interest rate, which means that the deposit interest rate of the private bank has risen to the top.
In addition, in order to better judge whether the deposit interest rate of private banks is considered high, a better way is to compare the deposit interest rate of private banks with other banks.
For example, among the fixed deposit listing rates given by a state-owned bank, the 1-year and 3-year periods are 1.65% and 2.6%, respectively, and the 5-year deposit interest rate is only 2.65%. The deposit rates of another joint-stock bank are 1.85%, 2.65% and 2.7% respectively.
is visible. In comparison, the deposit interest rate of this private bank is significantly higher. Especially for 5-year deposits, private banks have great advantages.
So, if we only look at the deposit interest rate, the deposits of private banks are naturally worth depositing.
However, not all banks have as high interest rates as those of the above private banks, so even if you want to deposit, you have to find private deposits with high interest rates.
In addition, private banks may not be the only banks with high interest rates. Because deposit interest rates are restricted by self-discipline agreements, it is not that you want to set it high, so any bank has an upper limit on deposit interest rates. Although private banks can raise deposit rates to the highest level, other banks can do the same.
Therefore, in fact, in addition to some private banks, some other small and medium-sized banks will also raise deposit interest rates to the highest. Therefore, although the deposits of private banks are worth depositing in terms of interest rates, they are just one choice.
Of course, some people may also worry that private banks are not formal and that they are not safe to keep their money in it. There is no need to worry about this. Private banks are undoubtedly formal banks approved by regulatory agencies. Apart from the composition of controlling shareholders, they are not much different from other banks. To store money in private banks, you just need to pay attention to the following points.
First of all, we must ensure that we save money through formal channels. Because private banks have few offline outlets, they often rely on online channels to attract deposits. Since online deposit-seeking channels are more likely to be faked, it is best not to believe anything else except the online channels provided by the bank itself.
Secondly, it is to ensure that the deposit is deposited. Because the products sold by banks may not only be deposits, so if you only want to save money, you have to make sure that you deposit money.
In addition, if you are really worried that it is not safe to deposit money in a private bank, as long as you deposit no more than 500,000 yuan in one bank.
