As the saying goes, "If you don't manage your finances, money will ignore you." When it comes to financial management and deposits, it's really impossible not to be careful, because after all, the losses are all real money. Can you not be sad? Who can have trouble with money?

During the epidemic, I stayed at home and had nothing to do. I checked my savings again and found that a financial investment of 100,000 yuan was about to expire. Because current financial management can no longer guarantee principal and interest. Therefore, I am not interested in purchasing financial management. After all, the returns are not very high and you have to bear certain risks, so it always feels like it’s not worthwhile.

So, I found a good deposit product on JD Finance: Zigong Bank’s self-rescue monthly dividend. This is a deposit product issued by Zigong Bank. With an initial investment of 50 yuan, there is almost no threshold. Moreover, this is a bank deposit product, the principal and interest are guaranteed, and 100 compensation can be paid up to 500,000, so the security is high enough.

And this product has a flexible design, you can freely choose 30 days, 90 days, 180 days, and 360 days to pay dividends. Interest rates range from 4.25 to 4.8.

Since the returns of financial products are not very high and they have to bear some small risks, why not choose this kind of deposit product? I just shared this good news with my wife and she was strongly opposed to it. "Zigong Bank? Never heard of it? What should I do if it's not safe? It's still in a big bank."

I had to patiently tell her the differences and relationships between large state-owned commercial banks and private banks. After nearly an hour of popular science, I finally convinced her completely.

I think everyone must have the same worries. Some of these private banks have never even heard of them. Are they reliable?

Which bank do people usually save money? China Construction Bank? Industrial and Commercial Bank of China? Have you ever thought about depositing your money in a private bank? I think most people will deposit their money in the six major state-owned banks instead of small city commercial banks or private banks.

The reason is also very simple. Big banks are larger, more reputable and safer, while private banks always feel a bit "unreliable".

First of all, let’s take a look at the six major state-owned banks: The so-called six major state-owned banks are Bank of China, Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Bank of Communications, and Postal Savings Bank of China. The large state-owned banks have huge total assets and strong profitability. Because these banks are related to the national economic security, their own security is also the highest.

Not long ago, the Industrial and Commercial Bank of China announced its 2019 results: total assets exceeded 30 trillion yuan, and the average daily profit in 2019 was 859 million yuan.

As the listed bank with the largest market capitalization, the largest deposits and the largest profits in the world, the Industrial and Commercial Bank of China is hailed as the "Bank of the Universe" by netizens. What’s even more interesting is that the abbreviation of the Industrial and Commercial Bank of China is ICBC, which is jokingly called “love does not exist” by netizens.

In addition, ICBC has been ranked first among the "Top 500 Global Bank Brands" for four consecutive years and among the "Top 1000 Global Banks" for seven consecutive years.

Compared with these large and powerful commercial banks, private banks and city commercial banks do not have that much aura.

1. City commercial banks were originally established to serve urban economic development. They are characterized by being named after cities, such as Jinzhou Bank, Changsha Bank, etc.

At first, the business scope of city commercial banks was limited to cities. Later, with the expansion of business, some commercial banks gradually opened up all over the province, and some even developed outside the province.

Compared with city commercial banks, private banks are younger and are the product of financial development. Take Blue Ocean Bank as an example. It was approved to be established in June 2017. It is the first private bank in Shandong with a registered capital of 2 billion yuan. It was initiated and established by 7 Shandong private enterprises including Gaowei Group Co., Ltd., Chishan Group Co., Ltd., and Shangdi Group Co., Ltd.

With such a comparison, everyone must be a bit "spectacular" and have a large scale There are also small-scale ones; one is state-endorsed and the other is private capital. It seems obvious which one is better, but is this the case?

Private banks themselves do not have an advantage in scale, but for us ordinary savers, they should be a better choice just because of one thing: high interest rates.

In other words, we ordinary depositors only consider two aspects when putting money in the bank: first, safety; second, interest.

Needless to say, state-owned banks are the safest because of their large scale and strong capital. But the security of private banks is also guaranteed. Because private banks are also approved by the China Banking Regulatory Commission, their operations are also supervised by relevant national departments, and they are also formal financial institutions, and their safety is guaranteed.

Of course, if your bank deposit is millions or even tens of millions, it is recommended to choose carefully. But for ordinary deposits of hundreds of thousands, there is no problem in choosing a private bank, because the deposits of private banks are also protected by the deposit insurance system. In the event of bankruptcy risk, they will also enjoy a compensation of up to 500,000.

Like, two kids having a snowball fight. In fact, everyone wearing an ordinary canvas hat can play a certain protective role. There is no need to buy a bulletproof helmet to wear, it is a bit excessive.

After solving the security problem, let’s look at the interest rate. The current interest rates of state-owned banks are: 1.75 for one year and 2.75 for three years.

Let’s first take a look at the interest rates of Zigong Bank, which I chose. Depending on the interest accrual time:

For 30 days of interest payment, the interest rate is 4.25; for 90 days of interest payment, the interest rate is 4.4; for 80 days of interest payment, the interest rate is 4.6; for 30 days of interest payment, the interest rate is 4.8.

If you think the difference is not obvious, we might as well give an example.

Take 100,000 yuan as an example. If there is a large state-owned bank, the interest rate is 1.75 and the annual interest is 1,750 yuan.

If there is Zigong Bank, the interest rate is 4.8, and the annual interest is 4,800 yuan. This gap is not small, right?

Look for "Bank Picks" in the "Wealth" column. There are many banks inside. You can look at them one by one. There are deposit products launched by various banks. Let’s take Zigong Bank as an example. Click to enter.

You can see various deposit products there. If you have a satisfactory product, you must first open an electronic account, which is equivalent to Zigong Bank's electronic bank card.

This involves the operation of binding a bank card, which means that we need to transfer money to the electronic account of Zigong Bank through this bank card, and then we can use the money in the electronic account Come and buy a share of each deposit product.

It should be noted here that different banks have different daily deposit and withdrawal limits

. For example, in some banks, daily deposits and withdrawals are 2,000 yuan, while in others, daily deposits and withdrawals are 50,000 yuan.

What I chose at the time was to bind the China Construction Bank Card, then transfer 100,000 yuan to the electronic account in two installments, and then purchase shares in two installments. All that's left is to wait for the dividend payment date and collect the interest.

In fact, I have always believed that not only financial management, but also many unknown things in life, we must bravely explore when we are prepared, so that we can discover more beauty in life. Related questions and answers: Is the loan interest rate of JD Finance high? The interest rate of JD Finance loans is not high. Generally, the daily interest rate is between 0.03-0.095. If you have good credit, you can get a lower interest rate. Many users borrow money on this platform, and the daily interest rate is around 40,000. , that is, borrowing 10,000 yuan, the interest rate per day is 4 yuan. Many users agree with this. 1. JD Finance has launched nearly 10,000 financial products, including i-tiaos, funds, bank financing, small vaults, gold bars, co-branded small white cards, small gold cards, etc., covering four major business segments including financial management, lending, and insurance. 2. JD Finance is a personal financial business product of JD Digital Technology Group and has become the personal financial decision-making platform chosen by many users. With platform, intelligence, and content as its core capabilities, JD Finance works with nearly a thousand financial institutions such as banks, insurance companies, and fund companies to provide users with professional and safe personal financial services. Third, JD Finance has a fund sales agency license, an insurance brokerage license and an insurance agency license. It is a licensed agency sales platform for funds and insurance products. Currently, nearly 10,000 financial products from nearly 1,000 financial institutions are sold on the JD.com financial platform, truly creating a professional and safe "personal financial decision-making platform" for users. The product categories cover the four major businesses of financial management, lending, insurance, and installments. plate.

Fourth, among them, the financial management section provides users with many star financial products including small vaults, bank selections, regular selections, funds, gold, etc.; the lending section provides users with personal financial services including consumer credit, cash loans, bank loans, etc. , as well as star financial products such as Baitiao, co-branded small white cards, and gold bars; the installment section provides users with a large number of genuine big-name products, supports multiple payment tools and installment methods such as Baitiao, credit cards, and small vaults, creating zero-threshold/full-instalment shopping Scenario: The insurance section provides users with various insurance and related protection services such as life insurance, property insurance, pension insurance, critical illness insurance, medical insurance, freight insurance, extended insurance, etc., and can recommend insurance products to users based on their actual needs. Five, among them, JD Finance has also built its own official store for financial institutions - "Golden Store". In the "Gold Store", licensed enterprises and bank account managers, fund managers, insurance brokers and other individuals can display the popular financial products currently on sale and provide users with information through various forms such as live broadcasts, videos and articles. Pre-purchase reference allows users to make personal financial decisions at a lower cost. Related Q&A: Is the interest rate of JD Finance higher than that of Alipay? Why?

JD Finance and Alipay have now become two relatively large financial management platforms. They sell many types of products, including time deposits, monetary funds, financial management and other types of funds, insurance and other financial tools. , the specific interest or income cannot be directly compared, and there is no comparability. We can only use the same type of products for horizontal comparison, but this is just an example and not representative. Alipay currently has 870 million active users. The number of people has reached 600 million. In terms of customer base and product usage frequency, JD Finance can only be regarded as a rising star. Each consignment product has its own advantages and disadvantages, which mainly depends on your usage habits.

Give two simple examples:

1. Yu’e Bao and JD.com

Yu’e Bao currently has more than a dozen embedded funds, and the current yield is The highest one is Galaxy Yinfu Currency A, with a 7-day annualized rate of return of 3.4470, and an income of 10,000 units of 2.7186; the lowest is Tianhong Yu'ebao's 7-day annualized rate of return of only 2.6170, with an income of 10,000 units of 0.7140.

Galaxy Silver Currency A

Tianhong Yu'e Bao

Jingdong's small vault has two embedded funds, namely Penghua Value-added Bao and Harvest Live Wallet. At present, the 7-day annualized rate of return of Penghua Value-Added Bao is 2.8730, and the income of 10,000 units is 2.1395; the 7-day annualized rate of return of Harvest Wallet is 3.1080, and the income of 10,000 units is 0.8275.

Penghua Value-Added Bao

Harvest Wallet

From the perspective of money funds sold on behalf of others, the number of funds sold by Yu’E Bao in Alipay is larger, and the fund size is larger. In terms of pure yield, Yu’E Bao The highest of the money funds sold on behalf of Jingdong is higher than that of Jingdong's small fund, but the lowest is also lower than the lowest of Jingdong's small fund.

The reason why JD Finance has become popular recently is that it underwrites many innovative deposits of Internet banks, such as "Fu Min Bao", "Zhen Xing De", etc. These bank deposits have high interest rates and flexible interest calculation methods. Products, JD Finance has an advantage over Alipay in this aspect, because Alipay basically does not have such products, but it cannot be said that JD Finance has higher interest rates than Alipay. There is no such statement.

Simply saying that Alipay’s interest rate is higher or JD Finance’s interest rate is higher is too general. At least you have to limit the scope, such as comparing similar products, so that comparison can be meaningful. Otherwise, it will be Guan Gong vs. Qin Qiong. Something that can't even be hit with a pole.