Why are many people unwilling to buy the deposit interest rate of private banks as high as 5%?

When anything new comes out, people always take a wait-and-see attitude, and private banks and private bank deposits are no exception.

For example, in 20 13, Yu' ebao was just launched, and many people don't believe it. At that time, I told my friends that Alipay launched a wealth management product, which settled the income every day with an annual interest rate of 6%. They all thought the risk was too high. At first, everyone was on the sidelines. Two years later, they accepted it one after another.

Now that you say Yu 'ebao is risky, it is estimated that everyone will laugh at you. However, in some remote rural areas, some people still know little about Yu 'ebao, and still feel that it is not safe to put money in Yu 'ebao. By the same token, many people now put their money in Yu 'ebao and ask him to transfer it to a higher private bank deposit. He doesn't feel safe either.

In fact, this kind of problem is not surprising. If I don't do financial management, I know very little about private banks and deposit insurance systems, and I will be worried when I see that private banks have more than 5% deposits. After full understanding and the test of time, I will know its advantages.

The earliest private bank was established on 20 14. Most private banks have been in business for less than three years, only one or two years. Many people are not familiar with private banks, and there is a process of understanding and watching.

One of my colleagues, after reading my introduction about private bank deposits this spring, called me to ask about the situation. At that time, a private bank had 6% deposits, and he decisively saved hundreds of thousands. He feels lucky that he can't find any products with such high interest rates now.

Therefore, it is not that people are unwilling to deposit more than 5% in 20 banks, but because they don't know much about private bank deposits, don't adapt to the deposit methods of Internet banks, and are not familiar with the coverage of deposit insurance system.

For example, many people have asked me why private banks should open electronic accounts for deposits. Are private bank deposits without paper certificates of deposit safe? Private banks don't have physical business departments. Where can I find them? What if the deposit is stolen? And so on, all kinds of worries are endless.

These questions are actually very simple. Electronic accounts, like bank cards of private banks, are now conducted through the Internet, and online customer service can solve all your problems. As for paper certificates of deposit, neither Yu 'ebao nor WeChat Pay will provide paper certificates of deposit. Isn't it equally safe? Most importantly, private bank deposits are covered by deposit insurance, and deposits below 500,000 yuan are guaranteed by the state.

The current deposit interest rate is not 5%. If so, it depends on how many years.

Talking about the interest rate from the time limit is simply hooliganism.

20 19 bank deposit rates are as follows:

The interest rate of 5% on bank deposits should be rare, and even if there is, the term should be more than five years.

So, be careful not to be cheated first!

And now how many people dare to save money for more than five years?

If you know a little about investment and financial management, you won't choose a 5% time deposit.

According to the inflation rate of 7%, this is not enough to devalue the money. Is there any other choice?

5% time deposit: 5-year interest of 2500 yuan.

1 4% of the annual wealth management, and the interest can be reinvested in a rolling way. After 5 years:

1*1.04 *1.04 *1.04 =12166 yuan.

Five years is equivalent to earning 2 166 yuan.

If there is a 5% guaranteed financial management, the five-year interest will become 2763 yuan.

This is not much different from time deposit, but money is more liquid, so you can consider doing other things or investing.

If it is an investment, the probability of income is higher than that of long-term fixed deposit.

Therefore, we should choose investment channels according to our own abilities.

At the same time, remember that the principal must be guaranteed and cannot be lost.

Hello, friends!

The deposit interest rate of private banks is as high as 5% or more, and many people are reluctant to buy it. There may be three main reasons for this. One is that many people don't know, some people think it is inconvenient to trade, and some people think it is risky.

Many people don't know the deposit products with relatively high deposit interest rate issued by these private banks. At present, the People's Bank of China is only allowed to open physical business halls. Therefore, general private banks issue deposit products through the Internet and provide financial services through the Internet.

At present, private banks have issued many new deposit products through the Internet. These deposit products do have high interest rates, but these products are mainly sold through the Internet. Many people don't know how to use the internet, so they don't understand this matter.

Many people don't know, so they won't buy these products.

So many people don't know about these deposit products issued by private banks, which is why they don't want to buy them.

Although the deposit products issued by these private banks through the Internet have high interest rates, many people think that the transaction is inconvenient and they are unwilling to buy them.

If you don't have the experience of mobile phone financing, and want to buy private bank deposit products online, sometimes you need to download the third-party financial platform software, bind the bank card, or download the China Bank APP. These preparations can be said to be cumbersome.

Many people may find it inconvenient to trade and are unwilling to buy these deposit products.

Although the interest rate of private bank deposit products is higher, some people may think that these products are risky. Although private banks are legal and compliant, they are banking institutions approved by the People's Bank of China and the China Banking Regulatory Commission, but many people think that the People's Bank of China has never heard of it, and its scale is small and its popularity is not as big as that of the six major state-owned banks.

So many people think there may be risks, so they will not buy deposit products from private banks.

The following table shows the deposit interest rate table. The interest rate of five-year deposit products of private bank Yilian Bank reached 5.88%.

To sum up, although the interest rate of private bank deposits has reached 5%, the main reason why many people don't deposit private bank deposits is that they don't understand it, think it is inconvenient to trade, and many people think it is risky.

Thanks for reading!

5% of the bank deposit, and you can take it as you deposit it, depending on the interest rate. As a depositor, would you like to buy it? The answer is yes, but why are fewer and fewer people buying smart deposits launched by private banks? In fact, the reasons mainly lie in the following points:

Although the interest rate of smart deposit products launched by private banks can reach more than 5% and the highest can reach 5.68%, they can only be issued through the Internet financial platform (or bank APP), and there are few sales channels!

Without effective marketing channels, many depositors have never heard of this product, and naturally they will buy a lot less! If you haven't been exposed to this product at ordinary times, how can you let depositors take the initiative to buy it?

Private banks are limited by the regulations of industry supervision, and there is only one outlet offline, so the publicity is limited! If it weren't for the internet, I'm afraid more than 90% people don't know that there is a bank called Yilian Bank!

In addition, compared with traditional banks, private banks started late, with smaller overall scale and lower visibility! You ask a depositor from Jiangsu to deposit money at the offline outlets of Changchun, Jilin and UnionPay Bank. This possibility is too low!

Therefore, depositors lack understanding of banks, and they are far apart and only trade through the Internet. After all, they lack certain protection and can't see physical outlets, so they always feel uneasy!

One more thing, the purchase of these "high-interest" deposit products is basically operated through mobile APP, and you need to open a bank electronic account first! This operation is a bit cumbersome, and many depositors are unwilling to take the time to buy it!

In addition, depositors still have some concerns about the deposits of such small banks, fearing that the funds are not safe! This is one of the reasons why many people are reluctant to buy such products!

Recently, some netizens asked why many people are unwilling to buy the 3-5 year deposit interest rate of private banks, which is as high as 5%. If it is a large state-owned bank, I am afraid that such deposit interest rates will be spiked. In this regard, experts believe that it has only been five years since the license of private banks was released in 20 14, and the community does not know much about private banks. Moreover, the high interest rates provided by private banks are only known by people around them, and depositors may not be able to buy them in time if they want to.

In fact, the interest rate of private banks above 5% is really attractive, much higher than that of state-owned banks. But as far as we know, depositors' deposits only stay in local small and medium-sized banks such as city commercial banks and rural commercial banks, and few people are willing to deposit their money in private banks. Why are few depositors willing to buy deposits from private banks?

First of all, private banks have not been established for long. Even so far, there are only a dozen in China. Not even as early as foreign banks, the number is large. Moreover, the official operation of many banks only started in the last two years. This has caused most depositors to be uneasy about private banks and always think that private banks are equivalent to private banks. If it is a private bank, it does not belong to the category of formal banks. What if the customer absconds with money?

Furthermore, private banks basically have no physical outlets, or the physical outlets of private banks are far less than those of state-owned banks. Most banks conduct business through the Internet. They don't even need to open a card to deposit money. They just need to open an electronic account. Many people are uneasy about this illusory thing, especially middle-aged and elderly people. They are unwilling to deposit their money in private banks. Even though the deposit interest rate of private banks is much higher than that of other big banks, people still think that private bank deposits are unreliable.

Third, the deposit time is too long. The term of deposit in most private banks is generally 3-5 years. Three years may be ok, but five years may be too long. Many people's money needs financial management, investment and even a rainy day. So this leads them to choose some low-interest products, which can be saved and taken at any time, so as long as there is income, no matter how much it is, because these funds are needed at any time, they will naturally not be saved.

Now many depositors are asking, is it safe for private banks to provide interest rates above 5%? In this regard, we believe that the high interest rate of private banks has undoubtedly given everyone a new deposit channel. If your capital is less than 500,000 and you can surf the Internet with your mobile phone, there is no doubt that time deposits in private banks are the best, safest and most profitable products. Of course, if you have 6.5438+0 million, you can also have three different private banks in the proportion of 300,000, 300,000 and 400,000. This can not only ensure the safety of principal and interest, but also obtain higher interest income.

For the deposits of private banks, there are two extremes at present. One is that many people want to buy it but can't, and the other is that many people are reluctant to buy it even if they see the high interest rate offered by private banks.

For those who are willing to deposit their money in private banks, these people have relatively more investment experience and extensive information, so they know more about private banks and know that private banks are also regular banks, which are also strictly supervised by the regulatory authorities and protected by the Deposit Insurance Ordinance, so they are willing to deposit their money in private banks in order to obtain higher interest.

As for why many people are reluctant to deposit their money in private banks, I think there may be two important reasons. One is that private bank deposits are unsafe, and the other is that they receive less information.

Private bank is a kind of bank that only appeared in recent years. Since 20 14, China has only approved the establishment of more than a dozen private banks, and many banks have only officially operated in the last two years.

Because private banks have been established for a relatively short time, many people don't know much about private banks, and even think that private banks are equivalent to personal banks and do not belong to the category of formal banks. And now many private banks have no physical outlets. Most banks conduct business through the Internet. They don't even need to open a card to deposit money. They just need to open an electronic account. For this illusory thing, many people are very uneasy, especially middle-aged and elderly people. They think that private bank deposits are unreliable, so they don't want to invest their money in private banks, although the deposit interest rate of private banks is much higher than that of other big banks.

As we all know, at present, the interest rate of time deposits in ordinary banks is relatively low, and most banks' interest rates are within 4%, while the interest rates provided by private banks are relatively high. For example, smart deposits launched by some banks can even have an annual interest rate of more than 5.8% at maturity in five years, which is about 2% higher than that of other big banks, equivalent to 654.38+10,000 yuan, equivalent to an extra interest of 2,000 yuan a year.

If other big banks could offer such high interest rates, they would have been robbed by everyone, but now these private banks still can't absorb deposits at such high interest rates. I think another important reason is that many people simply have no access to such deposits.

At present, many banks have no physical outlets, and their deposit business is mainly conducted online, such as through third-party platforms or their own official channels. For those middle-aged and old friends who don't often contact the Internet or don't understand it, it is actually very difficult to contact these deposit information. Nowadays, many elderly people prefer to deposit money directly in the bank. They are not familiar with online banking and mobile banking at all, let alone third-party platforms, so even if they want to buy deposits from these private banks, there is no channel to buy them.

Therefore, in reality, it is not that many people are unwilling to buy high-interest deposits from these private banks, but that they cannot buy them at all.

However, I think the development of everything needs a process. Private banks have been established for a relatively short time, and it will take time to verify whether the deposits are safe at present. If private banks can stand the test of time and continue to maintain a high deposit interest rate advantage, then in the future, as everyone becomes more and more familiar with private banks, I believe more and more people will choose to deposit their money in private banks.

The highest deposit interest rate of private banks has exceeded 5%. At the beginning of 20 19, the highest deposit interest rate of private banks was 6%. Although the deposit interest rate has decreased, the one-year deposit interest rate of some private banks can reach about 5%, and the deposit interest rate is very firm. Under the premise that the deposit interest rate of private banks is so strong, why don't many people deposit their bank deposits in private banks? I think there are several reasons.

As mentioned above, the risk of bank deposits with principal and interest below 500,000 is basically the same in all banks. The purpose of our financial management is to improve the rate of return as much as possible on the premise of ensuring safety. Compared with other banks, the deposit interest rate of private banks has great advantages, so private bank deposits can be bought, and I suggest buying them. I personally invested hundreds of thousands to buy private bank deposits. If you are worried about risks, you can buy them in different ways to ensure that the principal and interest of each private bank deposit does not exceed 500,000.

As the subject said, there is such a person.

An elderly relative of the author prefers to deposit money in the Postal Savings Bank, only 2. 1% a year, rather than those private banks or city commercial banks. No matter how much you try to persuade him and tell him about the deposit insurance regulations, you can't persuade him. The main reasons for this situation are as follows:

1. fame. Older people still pay more attention to popularity. Even if you tell them what deposit insurance regulations are, they won't recognize them. Only four major banks+postal services are recognized. They think that only big banks can be safe and reliable. Then banks whose names have never been heard are not at ease.

2. Business outlets. Four major banks+postal services, with many outlets and wide coverage; Those private banks have few business outlets and are inconvenient. This is their shortcoming, which is difficult to make up.

3. Sales channels. The four major banks+postal services, although the interest rate is lower than that of private banks, are always available and the property is convenient. Although the deposit products of China Bank have high interest rates, some of them need to be robbed by mobile phones, which is still too difficult and inconvenient for elderly customers.

To sum up, the above characteristics will make some people choose big banks instead of private banks with higher interest rates.

There is only a tail left in the dividend period of private banks, and depositors should seize it quickly.

From the second quarter of this year to the present, the regulatory authorities are constantly controlling, compressing and cleaning up. In the future, the deposit interest rate of private banks will be lower and lower, and innovative products will gradually disappear. At present, structural deposits have been rectified. It is said that by the end of the year, smart deposit products will also be shaken, and the maximum floating interest rate of large deposit certificates is also limited. After this wave of dividend period has passed, the future deposit market will gradually lower interest rates.

1. Dare not deposit in private banks. Depositors think that private banks are too small and have never heard of them. Whether there is any risk, they have been afraid to make a decision, so they are afraid to start saving these products.

In fact, this idea is wrong. Private banks are also an important part of China's financial system. The state also supported development in the early stage, and some high-interest deposit products were also approved by local regulatory authorities. As long as it is a deposit product of a compliant bank, why not buy it?

In addition, the deposit insurance guarantee system also strictly guarantees the safety of these deposits. As long as you buy deposit products within 500 thousand, don't worry about any risks. National credit is the last guarantee of these products.

2. Don't know where to buy private bank deposit products? Private banks have few outlets because they are newly opened, and many of them are internet banks, so there are no outlets. Therefore, many depositors can't see these offline outlets and counters in cities. Most of them use their own bank apps and cooperate with other Internet platforms to absorb deposits. Therefore, many depositors can't save if they don't know how to operate with their mobile phones.

At present, there are not many Internet platforms for private banks to cooperate, mainly on the platforms of large Internet giants, such as Xiaoman Finance, Jingdong Finance, lufax and Ctrip Finance.

3. Dare not buy innovative financial products of private banks. Due to the regulatory policy of China's financial deposit products, private bank deposit products can not float interest rates on the original traditional products, but only involve new deposit products, and higher interest rates can be set and reported to the regulatory authorities for the record. Large deposit certificates, smart deposits and structured deposits, these three new deposit products are the main tools to absorb deposits.

Many depositors do not understand these three types of products, nor do they understand their internal design structure. What I am afraid of is not deposits, but wealth management products, and there will be redemption risks of wealth management products in the future.

In fact, these three types of products are formal products that have been filed with the central bank and the China Banking Regulatory Commission, and they are also tacit means to supervise private banks to quickly absorb deposits and support their development.

4. If you are determined to buy private banking products, what should you pay attention to? In fact, we should grasp two core points:

A. Deposit products will be clearly marked on the deposit promotion page, and you must see that the product description has the word deposit before you can buy it. Because in the regulatory requirements, deposits and wealth management products should be clearly stated to investors respectively, and the two cannot be confused.

B when it comes to product income, deposit products will definitely use the word interest rate, while wealth management products can only use the word expected rate of return. So look at the income statement when you buy it.

Grasping the tail of the dividend period of private bank deposits should disappear in the first half of next year. After one or two years of support, the deposit balance of many private banks has been basically stable. The regulatory commission will gradually withdraw the support policy. In addition, now that the loan interest rate is gradually decreasing, the interest rate of deposit products will also decrease, otherwise it will have a greater impact on the bank's profit acquisition. Other big banks have great opinions on supervision because they do not have this policy support. For the sake of a national chess game, the supervision has been shrinking to support the reduction of deposit interest rates.

Fake structured deposit products in structured deposits have been banned, and real structured deposits also need business qualifications to continue issuing. Therefore, the highest 6% products in the original structured deposits are gone, and the current maximum is 5%.

The maximum floating interest rate of certificates of deposit has been effectively controlled, and now the maximum floating interest rate is 53% of the benchmark interest rate, with a maximum of 4.2%.

The interest rate of smart deposits is also declining, and the total issuance scale is gradually controlled. In the past, the highest annualized rate could reach 6%, but now the highest annualized rate can only reach 5.3%.

As depositors, when calculating the future use of cash flow, no matter which interest rate is high, we will save it. This is the right choice for smart depositors.

Why are many people reluctant to buy private banks with deposit interest rates exceeding 5%? I am absolutely qualified to answer this question, because I have known private banks for a long time, but I have never bought any smart deposits from private banks, and I will not buy them. Why don't I buy it?

First, 5% smart deposits in private banks are not attractive to me. As an investment, I hope to get a higher return. Therefore, I usually buy high-quality blue-chip companies to hold for a long time, and make long-term fixed investment in the Shanghai and Shenzhen 300 Index and the Shanghai Stock Exchange 50 Index. The annualized rate of return is not lower than that of smart deposits.

Second, these smart deposits with interest rates above 5% are generally five-year smart deposits. Five years is too long for me. I don't know if I will use half of the funds, which is not conducive to realizing it. Although some smart deposits can be withdrawn in advance and bear interest by file, the interest by file is relatively low, which is inconsistent with the original intention of buying smart deposits.

Third, I generally manage my money through Alipay, some through WeChat, and many private banks issue smart deposits through other channels, such as Jingdong Finance. I have never used Jingdong Finance, and I will not download and use it just to buy this smart deposit, and I have to open many accounts when I buy it, which is more troublesome.

That's why I don't want to buy private bank deposits. Others must have their own reasons. For financial management, high interest rates do not necessarily rob everyone. There is no best way to manage money, only the way that suits you. Besides interest rate, there are other factors to consider.