Nowadays, with the increase of people's wages and incomes, many people will have spare money in their hands. When they have spare money, they will think of investing and managing money. Some people may not have the corresponding investment experience and will put their money in the bank. Although the income is not very high, the risk is relatively small. There are many ways to deposit money in the bank. Choosing the right deposit method can maximize the income. Recently, a friend asked what notice deposit means.

What does notice deposit mean?

Call deposit is a kind of deposit with no agreed deposit term, which can be deposited at one time or withdrawn multiple times. When withdrawing money, you need to inform the bank in advance and agree on the date and amount of withdrawal. According to the length of advance notice of depositors, it can be divided into one-day notice deposit and seven-day notice deposit. The minimum initial deposit amount of RMB notice deposit is 50,000 yuan, the minimum unit deposit amount is 500,000 yuan, the minimum personal withdrawal amount is 50,000 yuan, and the minimum unit withdrawal amount is 6,543,800 yuan. The minimum deposit amount of foreign currency is 1000 USD, and so on.

What are the characteristics of notice deposit?

1. There is a demand deposit, and the interest rate is higher than the deposit;

2. It is suitable for large deposit customers whose deposit term is difficult to determine and whose deposits are frequently accessed;

3. When the foreign exchange in the stock market is depressed or there is no need to repay on holidays, you can do this operation to get more income.

4. The currencies of call deposits are various, including RMB and prescribed foreign currencies.

From the above introduction, I believe what do you mean by notice deposit? What are the characteristics of notice deposit? After a clear understanding, we can see that notice deposit has the characteristics of demand deposit, but the interest rate of deposit is higher than that of demand deposit. When you need funds, you just need to inform the bank in advance. For friends who have large deposits but don't know the specific use time, it is very good to choose notice deposits.

What's the difference between notice deposit and time deposit?

Difference 1: Different definitions.

Call deposit: it is a deposit with no agreed term and multiple withdrawals. Withdrawal is a kind of deposit. Only after notifying the bank in advance and reaching an agreement on the date and amount of withdrawal can withdrawal be made.

Time deposit: It is a kind of savings deposit. Refers to the deposit form in which the depositor and his children agree on the deposit term and withdraw the principal and interest at maturity.

Difference 2: The term and historical interest rate are different.

There are two kinds of notice deposits, one-day notice deposits and seven-day notice deposits.

Difference 3: The starting point and flexibility are different.

There are 50,000 call deposits, similar to bank wealth management products, which are highly liquid and can be withdrawn in advance. If the deposit is not withdrawn, the principal and interest of the deposit will be automatically extended.

Since 50 yuan, the starting point of time deposits is very low; If you withdraw interest in advance, you will lose money.

For example, Aunt Wang saved 654.38 million years of normal time last year. If she doesn't withdraw one year in advance, she can have the interest of 1750 yuan; If the withdrawal is made in advance, even one day in advance, it can only be calculated as 0.35% of the current historical income: within 350 yuan. Great loss!

Difference 4: the calculation method of historical income is different.

Notice deposit: 65438+ ten thousand *( 1. 1/365)* deposit days, with interest paid when withdrawing money.

One-year time deposit: 65438+ million * 1.75%= 1750 yuan.

Difference 5: Suitable for different people.

Notice deposit is suitable for deposits of more than 50,000 yuan, and it does not need money in a short time, especially for investors with large amount and frequent deposits.

Time deposit is suitable for investors who know the idle time of funds.

1. If 7-day notice deposit is selected, the deposit term must reach 7 days before the deposit income can be calculated at the corresponding interest rate. If the actual deposit time is less than 7 days, the interest shall be calculated according to the current period.

2. Although the notice deposit can be withdrawn by installments, the balance of the account after withdrawal shall not be less than 50,000 yuan, otherwise it will be transferred to the current deposit account.

Notice deposit has a low threshold, which can be mainly used as a short-term financial management convenience to ensure its liquidity, and the interest rate is higher than that of demand deposit.

How to withdraw notice deposit

1. When depositors want to withdraw their deposits, they should go to the local branch 7 days in advance;

2. Agree with the withdrawal amount and withdrawal time of the bank;

You can withdraw money from the bank at the appointed time.

Generally speaking, the biggest feature of notice deposit is its short term, but the interest rate is higher than that of general demand deposit. At present, RMB, Hong Kong dollars, US dollars and other currencies can handle notice deposits, which is very convenient. Please refer to the above contents for the withdrawal method of notice deposit.