Is it safe for Shaanxi Xinhe to deposit 1 million yuan?

safe. It's a bank deposit, within 1 million, and it's guaranteed. It is safe for Shaanxi Xinhe to deposit 1 million yuan. Large deposit certificates are book-entry large deposit certificates issued by banking deposit-taking financial institutions for non-financial institutional investors. They are general deposits and are included in the scope of deposit insurance. Investors of certificates of deposit include individuals, non-financial institutions, government organizations, insurance companies and social security funds. This product has the characteristics of principal and interest security, term standard and interest rate marketization. At the same time, the early withdrawal clause can be set for large deposit certificates to provide certain liquidity support for deposit certificate holders. Based on these characteristics, many countries have chosen certificates of deposit as an important tool to test the marketization of interest rates of test deposits in the process of interest rate liberalization.