What are the advantages and disadvantages of lump-sum deposit and withdrawal?
1, Advantages: The lump-sum deposit and lump-sum withdrawal interest is relatively high, which is suitable for users who save money and pursue high returns. Transfer when the deposit is agreed, so as to avoid the trouble of transferring when it is due and ensure the interest income. The income of lump-sum deposit and withdrawal is stable, and it is a capital-guaranteed product, and there is no possibility of loss;
2. Disadvantages: the liquidity of lump-sum deposit and withdrawal is poor, and the early withdrawal part is calculated according to the current demand, and the rest is calculated according to the original interest. Lump sum deposit and withdrawal is not compound interest, but lump sum deposit and withdrawal. Compared with other products, the lump-sum deposit and withdrawal yield is lower, and the interest loss of early withdrawal is greater.
Reasons why users do not apply for lump-sum deposit and withdrawal.
1, the interest is not high: the interest is higher than the demand deposit, but lower than the time deposit, and the income is relatively low;
2, the flexibility is relatively low: it will not be taken out until the specified time. If you suddenly need capital turnover, you will fall into a very tangled situation;
3. Limited by time: It is relatively troublesome to deposit on time every month.
4. It's easy to break the contract: it's missed for special reasons, and it will be made up next month. If it is not made up, it will be regarded as a breach of contract. When the withdrawal is due, the interest shall be calculated on the principal before default according to the actual deposit amount and the actual deposit period.
Will the bank call when the time deposit expires?
As long as depositors do not change their mobile phone numbers, they will generally notify depositors by SMS or telephone, which is of course beneficial to banks. The purpose of this is to maintain customer resources and time deposits, fulfill the obligation of reminding and sell wealth management products to customers.
After the time deposit expires, make a judgment according to the actual situation of the individual. If the interest rate of bank deposits is still relatively high and the risk tolerance is relatively low, you may wish to take out the deposits and deposit them again. What does this article mean by lump-sum deposit and withdrawal? Relevant knowledge points are for reference only.