In recent years, due to public health incidents , it has been much more difficult for many people to make money than before. They need to take good care of their existing savings and get more interest to subsidize their living expenses. So, how can you expect to get more interest when saving money in the bank? According to insiders, it is recommended to pay attention to four major aspects.
Choose the right bank
To get more interest, depositors should choose the right bank. For example, some depositors habitually deposit in state-owned banks, because state-owned banks are relatively safe, but there are more than 4,000 banks in our country. Among them, the interest rates of state-owned banks are relatively low, and cannot compare with the deposit interest rates of many small and medium-sized banks. Therefore, if depositors want to get more interest, they may wish to take a look at the rural commercial banks, rural credit cooperatives, city commercial banks and other banks around them, and they may find deposit products with higher interest rates.
However, when choosing a bank, the higher the interest rate, the better. Security must also be taken into consideration to a certain extent. If you are skeptical about the safety of small and medium-sized banks, you can also choose some national joint-stock commercial banks, whose deposit interest rates are generally higher than those of state-owned banks.
Choosing the right deposit time
Choosing the right deposit time is also very important. For example, in the first quarter of each year, many small and medium-sized banks will hold deposit-taking activities, either by appropriately raising the deposit interest rate or giving gifts for deposits. At this time, depositors are expected to get more benefits. Moreover, save money at this time and choose a deposit period of a whole year. The expiration time will also be within this period, making it easier for savers to change banks or deposit periods, and they are also expected to receive more interest.
Make good use of ladder deposits
When some people choose deposit products, they struggle with the difficulty of achieving high short-term profits. That is to say, if you deposit short-term deposits, although the liquidity is good, the interest rate is too low. Although the interest rate is high when you deposit a long-term deposit, you may lose a lot of interest if it is not held until maturity. Faced with such a tangled situation, it is recommended to make good use of ladder deposits.
For example, at the end of each year, deposit a sum of long-term spare money into a 3-year or 5-year deposit product. If you operate it continuously for 3 or 5 years, you can form a 3-year or 5-year ladder deposit. At that time, you can enjoy a higher average rate of return, and at the same time, you can also receive interest in stages to subsidize your life.
Choose the right deposit product
It is also very important to choose the right deposit product that suits you. For example, when a depositor can determine the idle period of a fund, he can deposit it into a time deposit of the corresponding period or large-denomination certificate of deposit . When the idle period of a sum of funds cannot be determined, the liquidity risk of depositing the above products is relatively high. Once withdrawn in advance, more interest will be lost.
At this time, if you choose to deposit it into savings bonds , when it cannot be held until maturity, it will be similar to the interest calculation when redeemed in advance, which can well preserve the interest income and avoid the phenomenon of wasting savings.
Increase passive income
Pay attention to the above four major aspects and you are expected to get more interest. However, the current deposit interest rate is generally relatively low. If all funds are managed with bank deposits, it may be difficult to beat inflation. Therefore, it is also necessary to choose some safe ways to increase passive income with a small amount of funds. For example, Yu'ebao , Lingqiantong , fund fixed investment and other methods can be introduced as a supplement to bank deposits. If you want to steadily add value, you can also use the agency sales of some foreign trade economic platforms. You can get a profit of 1,000 yuan per month for 100,000 yuan, which is safe and risk-free.
In short, if you want to get more interest when saving money in the bank, you may wish to pay attention to the above four major aspects. At the same time, if you want to add value better and strive to outperform inflation, it is also necessary to appropriately choose some safe ways to add value, isn't it?
