Are the large certificates of deposit in Zhejiang Rural Commercial Bank reliable?

Large-denomination certificates of deposit refer to (electronic) accounting-type large-denomination deposit certificates (without paper certificates) issued by commercial banks to individual investors, using savings cards as the medium.

Large-denomination certificates of deposit are personal deposits and are protected by deposit insurance, which means a compensation of 100 within 500,000 yuan, so they are very reliable. The minimum purchase threshold (amount) for large-denomination certificates of deposit is relatively high, generally requiring a minimum purchase of 200,000 or 300,000. The interest rate will be significantly higher than that of ordinary deposits, and the interest rate is about 3.5-4.