If you deposit in a bank, you will first understand the interest rates of major banks, and then choose the highest and reliable one to deposit. Now the benchmark interest rate of general bank deposits is less than 2.75%, so is there any bank whose interest rate is more than 5%? Let's have a look!
Which banks have deposits with interest rates over 5%
At present, the deposit rate of more than 5% are small banks, and mainly concentrated in urban commercial banks and private banks. For example, in urban commercial banks, the highest deposit interest rate of more than 5% are Bank of Inner Mongolia, Bank of Liaoning, Bank of Wenzhou, Bank of Zhengzhou, Bank of Guizhou, etc. the highest deposit interest rate of Guizhou bank is even as high as 5.7%, which is twice the benchmark interest rate.
Among the private banks, the highest deposit rate of Yilian bank, blue ocean bank and other banks has also reached more than 5%. So, is it reliable for these banks to deposit at such a high interest rate? Can they deposit?
We can see that the above banks are regular banks, and even listed banks. Even private banks have banking licenses issued by the state, otherwise it is impossible to carry out business in the name of banks. Since it is a regular bank, the money we have in it is protected, and there is no need to worry that the bank will suddenly run away with money. So as long as the bank doesn't fail, the deposit is safe.
Since the deposit is safe, it means that you can deposit? Don't worry. If you really want to deposit, you have to read the following conditions first.
What are the conditions for depositing these deposits
First of all, the maturity of these deposits is relatively long. If the deposit interest rate can exceed 5%, the term is basically 5 years. This means that if you want to get such a high interest rate, you must not use the money for five years. So if you don't have a long-term idle fund on hand, you'd better not save it. After all, if you withdraw it in advance, you will calculate the interest at the current interest rate, and the loss will be great.
Of course, if there is a sum of money that can't be used in five years, it's worth saving. With the current market interest rate, it's not so easy to find a stable financial product with a yield of more than 5%, especially one that can protect the capital and interest.
Secondly, these banks have few outlets and are not able to handle business. As a city commercial bank, its outlets may only exist in one or several cities. If you are in the city where these banks are located, it's OK. But if you don't have the outlets of these banks in your city, you have to go all the way, it's more troublesome. And if you don't save a lot of money, maybe the extra interest you earn is not enough for the round trip and work delay.
Fortunately, the deposits of private banks can be deposited on the Internet now, which can save the trouble of running away. I don't know whether those city commercial banks have the business of opening online deposits.
Of course, if you save a lot of money, even a special trip is cost-effective. For example, if you deposit 100000 yuan locally, you can only get 3% interest, and the interest for five years is 15000 yuan. If you deposit in other places, you can get 5% interest, and the interest for five years is 25000 yuan. Is the extra 10000 yuan interest not enough for the round trip and work delay?
Third, these small banks have a greater risk of failure. According to a report released by the China Banking Association, only 70% of the bankers believe that there will be bank failures in the next three years, among which private banks and urban commercial banks are considered to be more likely to fail. In fact, why do these banks absorb deposits at such a high interest rate?
The main reason is that if they do not raise the deposit interest rate, they will not be able to absorb deposits, which means that these banks have a hard time. But even if the deposit is absorbed, the higher the cost of taking deposits is, it will certainly have a negative impact on the bank's profits, so the greater the risk of operation.
Of course, there are solutions to this problem. One is to try to find larger banks, such as listed banks. One is that the deposit of each bank is not more than 500000, because according to the deposit insurance regulations, the deposit within 500000 is protected, even if the bank fails, it can be taken back.