savers! From January 1 next year, don't deposit this kind of "deposit" anymore. The six major banks have "halted"! my country is a populous country and a country with high savings. Banks are very common nowadays. There are banks all over the streets. Every move of banks attracts the attention of depositors, because banks have many deposit products or wealth management products, which are also related to our actual interests. , Depositors all hope to deposit money in banks to get the greatest interest income. Under the special national conditions this year, the state has also introduced various policies to support the real economy, among which banks provide a lot of funds to the real economy.
Since 2015, the country has begun to promote interest rate liberalization, and competition among major banks has become increasingly fierce. In order to grab depositors, major banks have launched various principal and interest-guaranteed wealth management products, and investors often want to buy it. Banks will promise to guarantee principal and interest. Often if the investment has excess returns, this part of the income will go to the bank. If the investment fails to meet expectations, the bank will also pay for the difference. This is undoubtedly very tempting for most depositors. Human. In recent years, banks have also launched many deposit products, such as "structured deposits", "guaranteed capital and interest-guaranteed wealth management", "deposit certificates", etc. These products have higher interest rates, but the risks are relatively large compared to deposits. In response to this phenomenon, the central bank issued new regulations, requiring major banks to conduct self-inspection, and cancel these illegal financial products, and require banks to follow the principle of "sellers responsible, buyers responsible" for financial management. At present, many banks' products that "guarante capital and interest" have already withdrawn from the stage of history, which makes it difficult for many investors to let go. Among them, six major banks including Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of Communications have stopped these products.
On December 14, 2020, the six major state-owned banks issued an announcement at the same time, indicating that products with reliable interest-bearing files such as personal certificates of deposit and time deposits will be withdrawn in advance, and the interest-calculating method will be adjusted to "interest accruing at the listed interest rate of current deposits" , This is undoubtedly a blockbuster for depositors. Compared with the withdrawal of the above "deposit products", this new regulation is not unacceptable, that is, if you withdraw in advance, it will be calculated based on the current interest, and only when the term expires, you can get the fixed interest.
We know that all deposits have a maturity. If they are withdrawn before the maturity, they will be calculated according to the current deposit interest rate. This way, many people will feel that the deposit is in vain. In order to attract depositors, the bank has also launched a "smart deposit "Products, and give preferential methods. At present, "smart deposits" are very popular among ordinary people. Some people have deposited for 3 years, and may use the money in the second year, so that depositors can get two-year fixed deposit interest. The benefits can be better protected.
But this time, the six major banks announced at the same time that they will cancel this "smart deposit" interest calculation method. In the future, deposit and withdraw funds before maturity will not receive preferential interest rates. These regulations will be implemented on January 1, 2021. If the depositor wants to withdraw money in advance, the loss will be very serious. For example, a depositor has made a large deposit of 500,000 yuan for 5 years, with a fixed interest rate of 4.5%, but needs to withdraw money for urgent use in 2 years. If the previous practice is used, the interest can be calculated according to the 2-year period. It may be 3.5%, but under the new regulations, it is calculated according to the current interest rate of 0.3% anyway, and the gap between the two is evident.
The reason why banks have made such regulations is essentially a risk issue, because “structured deposits” conflict with the central bank’s regulations, which will also lead to an increase in bank financing costs. In order to maintain bank profits, the central bank Under the new regulations, it is best for depositors to present before January 1, 2021, because before this time, the previous regulations will be implemented, and after this time, the calculation will be based on the current date. The most important thing is to look at the depositor's situation. If you need money urgently, you can still withdraw it in advance. If you don't need the money and can't wait to use it, you can withdraw it later. In general, everyone should be careful about "this type of deposit", because the six major banks have stopped, and these "deposit products" will also have violations.
