What's the difference between using billion deposits and increasing billion deposits? Analysis of the Deposit Products of Yilian Bank

Jilin Yilian Bank is a private bank, which was established only two years ago. In order to attract customers' deposits, Yilian Bank launched two distinctive deposit products, namely, using 100 million deposits and increasing 100 million deposits. So, what's the difference between saving with billions and adding billions? Tell you carefully, please see below.

/kloc-RMB 0/100 million will be deposited in 50 yuan, and the interest will be paid on the same day, and the withdrawal rate for five years is the early withdrawal rate. In essence, 1 100 million yuan deposit is a kind of intelligent deposit with high expected return and strong flexibility. The principal and interest withdrawn in advance are paid by a third-party financial institution, which is guaranteed by deposit insurance and has no problem with safety.

Increase deposits in 50 yuan and support withdrawals by deposits. The holding time is 3 to 5 years, the withdrawal rate is 5.45%, and the interest is calculated in advance. Holding time 1-7 days, annualized deposit interest rate1.12%; The holding time is 7 days-1 year, and the annualized interest rate of the deposit is1.89%; Holding time 1 -2 years, annualized deposit interest rate 2.1%; The holding time is 2 -3 years, and the annualized interest rate of the deposit is 2.94%; The holding time is equal to 3 years, and the annualized interest rate of the deposit is 3.85%.

The difference between using billion yuan deposits and increasing billion yuan deposits.

1, and the interest rate for early withdrawal is different.

100 million deposits are withdrawn in advance, and the withdrawal interest rate is 4.3%; However, if the deposit is withdrawn in advance, the withdrawal interest rate depends on the holding time, and the interest is calculated by file. If it is held for more than 3 years, the withdrawal interest rate (5.45%) will be higher than the deposit interest rate.

2. The nature of deposits is different.

Although both are guaranteed by deposit insurance, they are not similar deposit products. Billion deposit is an innovative "smart deposit", which is under supervision and its compliance is in doubt. Many private banks have begun to sell similar products in limited quantities and reduce interest rates, and some banks are even taking such products off the shelves;

Gain deposit is a time deposit product, which belongs to the bank's time deposit and is guaranteed in compliance and safety.

The above is about "What's the difference between using billion deposits and increasing billion deposits?" I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.