Five-year annual interest rate of 3.97%, two tranches of savings treasury bonds will go on sale from the 10th
Four banks test mobile phones to buy treasury bonds
From May 10, investors can purchase savings treasury bonds (electronically) on the "hands".
All media reporters of the Guangzhou Daily learned that the third and fourth 2021 treasury bonds (electronic) issued from May 10 to 19 will be launched for the first time in mobile banking agency sales channels. ICBC, Postal Savings Bank, China Merchants Bank, The four banks of the Bank of Jiangsu took the lead in "testing the waters."
By Lin Xiaoli, All Media Correspondent, Guangzhou Daily
The annual interest can be collected, and the accumulated income of 100,000 yuan in five years is nearly 20,000 yuan
According to the notice jointly issued by the Ministry of Finance and the People's Bank of China, the third and fourth tranches of 2021 savings treasury bonds (electronic) are fixed-rate and fixed-term varieties, with a maximum total issuance of 40 billion yuan.
Among them, the third period has a period of 3 years, with a nominal annual interest rate of 3.8%, and a maximum issuance of 20 billion yuan; the fourth period has a period of 5 years, with a nominal annual interest rate of 3.97%, and a maximum issuance of 20 billion yuan.
It is also worth mentioning that unlike savings government bonds (certificate type) which require a one-off repayment of principal and interest at maturity, savings government bonds (electronic type) can pay interest annually.
The two treasury bonds issued this time both pay interest on May 10 each year.
Take the citizen's investment of 100,000 yuan to purchase three-year and five-year treasury bonds as an example. The two treasury bonds will be repaid on May 10, 2024 and May 10, 2026, respectively, and pay the last year's interest. At that time, it will receive a cumulative income of 11,400 yuan and 19,850 yuan.
In the meantime, interest can be received on May 10 each year, respectively, 3800 yuan and 3970 yuan.
What has attracted much attention is that the two treasury bonds were sold by 39 underwriting syndicate members through the counter of the outlets, of which 28 members of the underwriting syndicate were also sold through their online banking.
It is worth mentioning that the four mobile banking pilot members of Industrial and Commercial Bank of China, Postal Savings Bank, China Merchants Bank and Bank of Jiangsu can also sell through their mobile banking agency.
The four pilot members of mobile banking are ready for mobile banking agency sales.
Industrial and Commercial Bank of China announced on the 8th that the two tranches of savings bonds (electronic) will officially go on sale at 8:30 on May 10, with limited quotas.
In addition to the above four banks, citizens can also buy from banks such as Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, CITIC, Industrial, Everbright, Minsheng, China, China Guangfa, Ping An Bank, and Zheshang Bank.
Can be redeemed in advance but must be processed at the branch
In the past, savings treasury bonds have been popular with some investors, especially elderly investors, due to their high security, low buying point, high yield, and flexible realization.
Some bankers said that after the pilot mobile banking sale, it will greatly facilitate the purchase of investors, and it is also expected to win the "hearts" of young investors.
In addition, the savings treasury bonds are all subscribed with a face value of RMB 100, and are subscribed at an integer multiple of RMB 100.
Treasury bonds can be redeemed in advance, and can also be used as pledges to apply for pledge loans from the original purchasing bank.
However, although the mobile banking purchase channel was introduced for the first time this time, if investors want to redeem in advance, they can only apply through the counters of the business outlets of the underwriting syndicate members, and they must be processed after the end of the issuance period, that is, after May 20 .
How to calculate early redemption interest?
According to the notice from the Ministry of Finance and the People’s Bank of China, the members of the underwriting syndicate will calculate and pay interest to investors based on the actual number of days from the last interest payment date (inclusive) to the early redemption date (exclusive) and the following interest rates, namely: from 2021 Calculated from May 10, holding two tranches of treasury bonds for less than 6 months will be redeemed in advance without interest, and interest will be calculated at the coupon rate and deducted for 180 days after 6 months but less than 24 months, and less than 36 months after 24 months. Calculate interest at the coupon rate and deduct 90 days of interest; hold the fourth period for 36 months but less than 60 months at the coupon rate and deduct 60 days of interest.
Underwriting syndicate members handle early redemption for investors, and may charge investors a handling fee at 1‰ of the principal redeemed in advance.