Judging from the current situation, more than 10 private banks have been established in China, including Weizhong Bank, Yilian Bank, Blue Ocean Bank, Online Merchant Bank, Huatong Bank, Fumin Bank and Zhongbang Bank. I personally support the deposit of certificates of deposit in private banks for the following reasons:
(1) high interest rate
There is no doubt that private banks have higher deposit interest rates among major domestic banks. For example, the five-year certificates of deposit of some private banks have reached 5.40%, which is much higher than that of state-owned banks and joint-stock banks. The annual interest rate of five-year certificates of deposit of state-owned banks is around 4%. Obviously, it is better to deposit certificates of deposit with private banks.
(2) Deposit certificates of deposit at any time.
Compared with medium and large commercial banks, private banks are relatively short of money, especially state-owned banks and state-owned assets, many of which choose to deposit in state-owned banks, so that medium and large commercial banks are not short of money and issue large certificates of deposit in limited quantities. Private banks, on the other hand, basically absorb small and medium-sized deposits, which makes deposits difficult to collect. Private banks can deposit certificates of deposit at any time, and there is no restriction on their sale. This is the advantage of depositing large certificates of deposit in private banks.
These two reasons are my personal opinion. If you want to choose a monthly deposit certificate, these two reasons are the real reasons why I support you to deposit a deposit certificate in a private bank.
Secondly, compared with state-owned banks and joint-stock banks, certificates of deposit of private banks have the above two advantages, and of course there are the following advantages.
(1) deposit is absolutely safe.
Certificate of deposit is one of the deposit businesses of banks. As a bank's deposit business, the risk is very low, which can basically be said to be zero risk, especially for large deposits within 500 thousand, 100% is safe; Because the large deposit certificates of major banks are protected by the Deposit Insurance Regulations, deposits within 500,000 yuan are paid 100%, so they are absolutely safe.
(2) Strong liquidity
One of the biggest advantages is the strong liquidity of certificates of deposit. Bank certificates of deposit are different from bank time deposits, which have time limits. Once withdrawn in advance, it will be calculated according to the current interest. However, bank certificates of deposit are different. Because of its transferable function, bank certificates of deposit can be withdrawn in advance and still be settled at the agreed deposit interest rate, which is definitely an absolute advantage over bank time deposits.
(3) Mortgagable loan
One of the biggest characteristics of bank deposit certificates is that they can be used as a different kind of property. Since it is a real estate, it must have the effect of mortgage loan. When depositors have large bank deposits in a bank, due to the shortage of funds, they can mortgage the large deposits, and the large deposit certificates can be used as collateral to apply for loans from the bank, so that deposits and loans are both correct and kill two birds with one stone.
Based on the above analysis, we can know that in fact, large deposit certificates of banks are independently issued by major banks, thus forming differences in interest rates, maturities, amounts and liquidity of large deposit certificates of banks.
Judging from the six state-owned banks and 12 joint-stock banks, private banks have obvious advantages in terms of deposit interest rate, flexibility, and ready deposit certificates. These are the real reasons why I suggest that it is best to deposit a large deposit certificate paid by a private bank on a monthly basis.