First of all, they have different meanings:

1. Meaning of structured deposit: Structured deposit, also known as yield enhancement product, is an innovative deposit that combines interest rate and exchange rate products with traditional deposit business.

2. The meaning of time deposit: time deposit is also called "time deposit certificate". 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. If depositors need funds before maturity, some certificates of deposit can be sold in the market; Some certificates of deposit cannot be transferred. If depositors choose to withdraw funds from the bank before maturity, they need to pay a certain fee to the bank.

Second, they have different characteristics:

1, characteristics of structured deposits:

(1) High return: Foreign exchange structured products are products that realize high return on investment on the premise that customers voluntarily bear certain risks. Generally speaking, taking half-year dollar products as an example, the income is about 3% or more (tax-free); The pre-tax income of the corresponding half-year US dollar deposit is 2.3750%, and the interest tax is deducted by 20%.

(2) Capital preservation: structured deposits are usually capital preservation 100%, and the risk borne by customers is only possible interest loss, and there will be no principal loss.

(3) Poor liquidity: the liquidity of structured deposits is poor, and customers are not allowed to withdraw the principal in advance during structured deposits. Therefore, customers need to pay attention to the flow of funds when investing.

2. The characteristics of time deposits:

(1) Higher stable income: the interest rate is higher, and the interest rate is directly proportional to the duration; When the stock market plummeted, banks became safe havens.

(2) Worry-free and convenient: it has the function of automatic transfer after lump-sum deposit and withdrawal expires. Customers can change the deposits in their accounts from current accounts to current accounts or from due accounts to current accounts through various transfer channels provided by banks. Customers can also flexibly manage the principal and interest, deposit period and deposit form of their lump-sum deposits through the agreed deposit transfer function.

(3) Flexible funds: When customers need capital turnover and the lump-sum deposit in the bank has not expired, they can pledge the lump-sum deposit in their accounts through self-service loans to obtain personal loan financing; Partial withdrawal can be made in advance, but the interest is calculated according to the deposit interest rate listed on the withdrawal date.

(4) Low minimum deposit: the minimum deposit in each currency is as follows: RMB 50 yuan, foreign currency: HKD 50 yuan, Japanese yen 1000, and other currencies are original currency 10.

(5) Many deposit options: RMB deposit options: three months, six months, one year, two years, three years and five years; Term selection of foreign currency deposit: one month, three months, six months, one year and two years.

Third, they are different in nature:

1. The nature of structured deposits: it is a product transaction combining fixed income products and options. Through the combination of options and fixed-income products, the investment income of structured products has a linkage effect with the price fluctuation of related assets linked to the target, which can achieve the function of capital preservation or higher return on investment to a certain extent.

2. Nature of time deposit: a kind of deposit in a bank with a term ranging from 3 months to 5 years, or more than 65,438+00 years. Generally speaking, the longer the deposit term, the higher the interest rate. Traditional time deposits include not only certificates of deposit, but also passbooks, also called passbook time deposits.

However, 90 days is the basic interest-bearing days, and no interest will be calculated after 90 days. Compared with demand deposits, time deposits are more stable and have lower operating costs, and the deposit reserve ratio held by commercial banks is correspondingly lower. Therefore, the capital utilization rate of time deposits is often higher than that of demand deposits.

Baidu Encyclopedia-Structured Deposit

Baidu encyclopedia-time deposit