Will bank deposit interest rates rise at the end of the year?

Many people worry about the safety of their principal when managing money, so they generally prefer bank deposits, because bank deposits guarantee principal and interest, and bank deposit interest rates vary among banks. There will always be a small difference. Investors generally choose banks with higher interest rates. So will bank deposit interest rates rise at the end of the year? Why is the regular interest rate high on New Year deposits? We have prepared relevant content for everyone. If you are interested, come and take a look!

Will bank deposit interest rates rise at the end of the year?

Whether bank deposit interest rates will rise at the end of the year depends on the bank. Some may rise, and some may not. Generally speaking, by the end of the year, banks will face pressure to attract deposits. , some banks do not meet the performance appraisal standards at the end of the year, so they will choose to make a sprint at the end of the year, and may choose to attract depositors in the form of gifts.

Because the central bank has regulations, generally speaking, the difference in bank deposit interest rates is not particularly large. If you want a higher deposit interest rate, you can pay more attention to small and medium-sized banks. Some small and medium-sized banks want to attract users. When saving money, the deposit interest rate is relatively high. Some users may be worried about the safety of small and medium-sized banks. In fact, as long as it is a bank deposit, it is protected by the bank deposit protection system. The principal and interest are guaranteed. Even if it is Bankruptcy requires compensation, so there is nothing to worry about.

Why are regular interest rates high on New Year deposits?

Because at the end of the year, banks face year-end assessments and need to achieve performance goals. In order to attract savers to save money, the interest rates will be relatively high. However, it is rare that regular interest rates on New Year deposits are high. Yes, the interest rates of banks are generally fixed, and basically the changes are relatively small.

However, investors can pay more attention to bank deposit interest rates at the end of the year and choose to deposit money in banks with high bank deposit interest rates.