First, the reasons for the high interest rate of Yingkou coastal banks
1, bank nature
Yingkou coastal banks belong to city commercial banks, which are generally inferior to state-owned banks and large commercial banks in terms of bank scale, brand awareness and user trust, resulting in relatively poor storage capacity of city commercial banks, so it is necessary to attract users to save through higher deposit interest rates.
2. The interest rate of smart deposit products is generally high.
The source of bank profits can be simply understood as the interest difference between deposits and loans. Generally speaking, the higher the deposit interest rate, the smaller the interest difference between deposits, and the smaller the profit margin of banks. However, if the bank raises the credit interest rate, then the deposit interest rate has room to rise.
The high-interest deposit products issued by Yingkou Coastal Bank have a long deposit period. For example, Xiangyun Duoduo products need to hold the expected interest income for five years. This also has room to improve the profitability of bank lending.
2. Is the deposit in Yingkou Coastal Bank safe?
The expected return is proportional to the risk. Many investors think that since the deposit interest rate is so high, is the deposit risk high? Actually, it is not.
Yingkou Coastal Bank is a formal bank in China, which is qualified to absorb deposits and issue loans. Its deposit products, like those issued by other formal banks, are protected by deposit insurance regulations. Under normal circumstances, the deposit principal of less than 500,000 can be said to be very safe.
Previously, Yingkou coastal bank was affected by the rumors of "financial crisis" and there was a large-scale run risk. However, with the official rumor, the operation of Yingkou Coastal Bank has returned to normal.
The above content about the reasons for the high interest rate of Yingkou coastal bank, I hope to help you. Warm reminder, financial management is risky and investment needs to be cautious.