According to the regulations, all residents who live in China and hold foreign exchange cash can open foreign exchange depositors, that is, domestic individual foreign currency depositors, and families can make foreign exchange deposits, which can be considered from three aspects: deposit term, currency and account.
The interest rate of foreign currency savings is generally influenced by the international financial market, with poor stability and frequent interest rate changes. Therefore, when foreign currency depositors participate in foreign currency savings, they need to judge the financial situation and interest rate level at home and abroad at that time according to their own experience and choose the term of foreign currency storage.
At present, the term of foreign currency time deposits is divided into five grades, namely 1 month, 3 months, 6 months, 1 year and 2 years. Comparatively speaking, if the interest rate is relatively stable and high, you should choose a foreign currency time deposit with a long deposit period. On the contrary, it is best to choose short-term foreign currency savings in order to wait for the arrival of high interest rates. This will not only help foreign currency depositors seize the best opportunity to raise interest rates in time, but also help them to lose less interest when withdrawing in advance.