How much deposit is a large deposit certificate?

Is the slogan "money during survival, enjoy regular income" familiar? Yes, all kinds of "baby" products mainly based on money funds and direct selling banks are being promoted in this way. With the advancement of interest rate marketization, similar slogans will be played out again and again. That was not the case. "Earning interest income from actual short-term deposits at long-term deposit rates" can be used to describe large deposit certificates. The call for certificates of deposit is not a day or two. In fact, this is not the first time that China has introduced certificates of deposit. What is it? Who can buy it? Is it worth investing?

1. What is a deposit slip?

The full name of certificate of deposit is negotiable certificate of deposit, which is a bank deposit certificate issued by a bank to absorb funds and can be circulated and transferred in the financial market, generally with fixed interest. Simply understood, a certificate of deposit is a negotiable deposit agreement.

In China, ICBC, Bank of China and Bank of Communications issued large negotiable certificates of deposit on 1986, but on 1997, the central bank decided to suspend the business of large certificates of deposit. Interbank certificates of deposit were launched at the end of 20 13, and the latest notice from the State Council refers to large certificates of deposit specifically for enterprises and individuals.

2. What is this for?

From May 1 1, the upper limit of the floating range of deposit interest rate was adjusted to 1.5 times. At this point, interest rate liberalization is only "large deposit certificate+cancellation of deposit ceiling". For banks, under the background of interest rate marketization, certificates of deposit have become an important channel for banks to absorb deposits. Large deposit certificates cannot be withdrawn in advance and need to be transferred in the secondary market to ensure the stability of deposits.

3. Is it attractive to depositors?

The issuing targets of certificates of deposit include enterprises and individuals. At present, the popular saying is that the enterprise threshold is100000 yuan and the individual threshold is 300000 yuan. To see whether certificates of deposit are attractive, we should start with three basic attributes of financial products:

Security: certificates of deposit correspond to bank deposits. Because banks are safer and certificates of deposit are safer, they are regarded as "substantially" risk-free internationally.

Liquidity: the term of CDs may be 1 month, 3 months, 6 months, 9 months, 12 months, etc. And there are still two or three years in America. Banks do not encourage holders to withdraw money in advance, and set a high "punitive" fee for withdrawing money before maturity, which makes the holders lose some interest.

Profitability: It is generally expected that the interest rate of large deposit certificates will adopt the "SHIBOR plus point" model. According to May 18 (or the previous day), the one-year lump-sum deposit and withdrawal interest rate of commercial banks is about 2.5%, the balance treasure income is 4.25%, and the SHIBOR interest rate is 4. 17%. If so, the interest rate on certificates of deposit is not low.

4. What factors should be considered when investing?

If you find certificates of deposit attractive and decide to invest, you need to consider at least three factors: market interest rate trend, inflation trend and taxes. Like other financial products, the longer the term of certificates of deposit, the higher the interest rate. If the market interest rate is expected to decline gradually, you should lock in high interest rates in advance and buy relatively long-term certificates of deposit; On the contrary, when the market interest rate keeps rising, the low interest rate before locking will suffer losses.