Is Blue Ocean Bank a regular bank?

Blue Ocean Bank is a formal bank, full name Weihai Blue Ocean Bank Co., Ltd. It is a modern commercial bank approved by China Banking Regulatory Commission (now Bank of China Insurance Regulatory Commission) and officially opened on June 29th, 20 17. It is the first private bank in Shandong.

Is the deposit in Blue Ocean Bank safe?

Bank deposit products all calculate interest according to the agreed Li interest rate, which belongs to fixed expected income products. The main risk of bank deposits lies in credit risk, such as bank bankruptcy.

Bank deposit products are protected by the Deposit Insurance Regulations, and Blue Ocean Bank deposit products are no exception. If the bank goes bankrupt, the insurance company will pay the maximum deposit principal and interest of 500,000 yuan according to the regulations, so deposits within 500,000 yuan are also guaranteed.