1. In the short term, wealth management products are definitely cost-effective, and the annualized rate of return of bank wealth management products is between 4% and 6%;

2. If you are in a state-owned bank and don't need money within 5 years, it is more cost-effective to deposit for 5 years on a regular basis and make more money than wealth management products;

3. If it is a commercial bank, the wealth management income is generally 5%-6%, and the income of wealth management products will be higher than that of time deposits.

Bank time deposit:

Time deposit refers to the currency or currency that the depositor temporarily transfers the right to use to the bank while retaining the ownership. It is the most important source of credit funds for banks. Time deposit is a deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit, and withdraw the principal and interest after maturity. It has the characteristics of minimum deposit period of 3 months, maximum deposit period of 5 years, wide choice and stable interest income.

Bank wealth management products:

According to the standard explanation, it is a capital investment and management plan that commercial banks develop, design and sell for specific target customers based on the analysis and research of potential target customers. In the investment mode of wealth management products, banks only accept the authorization of customers to manage funds, and the investment income and risks are borne by customers or both customers and banks in an agreed way.

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