The stock market has not performed well recently, and even bank wealth management products have been "broken" in large numbers.

The large-denomination certificates of deposit with guaranteed principal and interest have become the new favorite of many investors.

On April 26, a reporter from Beijing Youth Daily found that the interest rates of three-year large-denomination certificates of deposit of many banks were reduced collectively this week, and the reduction rate was about 10 basis points. Rarely.

Even so, most of the three-year certificates of deposit have been sold out.

　　It is understood that large-value certificates of deposit are book-entry large-value deposit certificates denominated in RMB issued by banking depository financial institutions for individual, corporate and institutional customers, and are also a bank deposit product.

Compared with ordinary time deposits, large-denomination certificates of deposit have a higher starting point, at least 200,000 deposits; the interest rate is higher than that of time deposits in the same period; at the same time, it is transferable and has better liquidity.

Account managers remind to 'cut rates'

　　Ms. Liu, a reader from Xicheng, reported that she received information from the account managers of the two banks last weekend, saying that the interest rate of large-denomination certificates of deposit will be lowered on April 25, so that customers can quickly subscribe.

At that time, she thought it was the account manager's words of deposit, but it was found that day that the bank's large-denomination certificate of deposit interest rate had really dropped.

　　The text message that Ms. Liu showed to reporters showed that the account manager of Ping An Bank told her that "the interest rate of 3-year large-denomination certificates of deposit and Ping An deposit will be lowered to 3.4% from April 25."

　　The information sent by the Bank of Communications account manager last Friday showed that "3.55% of the three-year new funds are exclusive to large-denomination certificates of deposit. The last day of today is to make an appointment. The deadline is 17:30, and it will not be possible to make an appointment from tomorrow. Starting from next Monday, large-denomination certificates of deposit and regular The deposit is reduced by 10BP, and you need to make an appointment to contact as soon as possible.”

　　Ms. Liu said with some regret that she was busy with other things on weekends and didn't care too much. Today, she found out that the interest rate of the bank's large-denomination certificates of deposit has really dropped, and there are no three-year large-denomination certificates of deposit on the mobile banking. "It may be robbed. ”.

The 3.5% interest rate for large-denomination certificates of deposit is hard to see

　　A reporter from Beiqing Daily found that many banks have lowered the interest rate of large-value certificates of deposit recently, and the reduction rate is mostly 0.1 percentage points. Some banks have some varieties even higher. Products with interest rates above 3.5%.

　　Industrial and Commercial Bank of China deposits 3-year large-denomination certificates of deposit from 200,000 yuan, and the annual interest rate is now 3.25%, compared with 3.35% before; the annual interest rate of 2-year large-value certificates of deposit is 2.6%, compared with 2.7% before, both decreased by 0.1 percentage points.

　　A staff member of an Agricultural Bank branch in Dongcheng District told the Beiqing Daily reporter: "The large-denomination certificates of deposit starting from 200,000 yuan have a 3-year annual interest rate of 3.25%, a 2-year annual interest rate of 2.6%, and 3.35% and 2.7% before. Both are 0.1 percentage points lower than before."

　　According to the information displayed by mobile banking, the annual interest rate of the three-year large-denomination certificates of deposit starting from 200,000 yuan from Bank of China and China Construction Bank is now 3.25%, and the annual interest rate of the two-year certificate is 2.6%, which is consistent with ICBC and ABC.

　　In addition to the large state-owned banks, the interest rates of large-denomination certificates of deposit in joint-stock banks are also being lowered.

The Ping An Bank APP shows that the current annual interest rate of 200,000 3-year large-denomination certificates of deposit is 3.4%, but it has been sold out, and the interest rate was 3.5% last week.

　　The staff of a branch of Minsheng Bank also said that the interest rate of their large-denomination certificates of deposit has been lowered this week.

Most of the 3-year large-denomination certificates of deposit have been sold out

　　The stock market and bank wealth management products have not performed well recently, and the interest rate of the bank's large-denomination certificate of deposit higher than the fixed deposit in the same period is favored by many people.

However, everyone found that this "sweet pastry" is not easy to buy now, and the 3-year products are basically sold out as soon as they are launched.

　　"If the interest rate is only reduced by 0.1 percentage points, I think it is acceptable. After all, the guarantee of the principal and interest is reassuring. But the problem now is that it is impossible to grab it." Ms. Wang from Dongcheng recently had some idle funds in her hand and wanted to buy it for 3 years. However, she asked the account managers of several banks and stayed on mobile banking, but she never got one.

　　The Beiqing Daily reporter checked the mobile banking of various banks and found that the annual interest rate of the 3-year large-denomination certificate of deposit of the Bank of China was 3.25%, and the system showed that the remaining amount of the product was insufficient.

ICBC's 3-year large-denomination certificates of deposit for general customers, whether starting from 200,000 yuan or 300,000 yuan, were all sold out; 2-year products with a deposit starting from 250,000 yuan, with an annual interest rate of 2.6%, were also sold out.

　　At present, the yield of large-denomination certificates of deposit starting from 200,000 yuan for 3 years on the Everbright Bank APP is still 3.5%, but both products have been sold out, and only products with a 2-year yield of 2.9% are available.

Large-denomination certificates of deposit that can be considered for transfer

　　The bank's wealth management manager suggested that if customers who especially want to buy large-denomination certificates of deposit cannot grab new products, they can also consider the unexpired large-denomination certificates of deposit transferred by old customers.

Because the interest rate of the large-denomination certificates of deposit issued in the past is higher than that of the present, the annual rate of return of some large-denomination certificates of deposit to be transferred is higher than that of the newly issued products, which is more cost-effective; it should be reminded that some old certificates of deposit have large amounts and only support full purchase. , the threshold is higher, investors can choose according to their actual situation.

　　A reporter from Beiqing Daily saw that in the ICBC large-denomination certificate of deposit transfer service area, the current annualized interest rate of a certificate of deposit with the highest interest rate is 3.341%, which is higher than the current 3.25% interest rate for new products.

The original product interest rate of this certificate of deposit is 3.25%, and the original value date is April 7. The holder wants to transfer it after buying it for more than ten days. At present, there are still 1077 days of remaining deposit period.

However, the transfer principal of the certificate of deposit is 5 million yuan, and the purchasable price is 5008719.18 yuan, which only supports full purchase.

　　ICBC still has several certificates of deposit to be transferred this year, the amount is about 300,000-500,000 yuan, the original interest rate is 3.35%, and the current interest rate is about 3.247%, which is similar to the newly issued products.

　　There are currently no newly issued large-denomination certificates of deposit products on the China CITIC Bank APP, and the system prompts customers to go directly to the large-denomination certificate of deposit transfer area if they want to purchase.

The Beiqing Daily reporter saw that the expected annual interest rate of the certificate of deposit to be transferred is 3.35%, the original interest rate is 3.55%, the original purchase amount is 200,000 or 300,000, and the remaining period is more than 2 years and 11 months. People should buy it less than a month before deciding to transfer it.

The four major banks also cut the fixed deposit rate

　　Not only did the interest rates of three-year large-denomination certificates of deposit of many banks have been lowered collectively this week, on April 26, a reporter from Beiqing Daily found that the four major state-owned banks had lowered the maximum interest rates of two-year and three-year fixed deposits by a reduced rate. The degree is 0.1 percentage points.

After the adjustment, the maximum interest rate of the three-year lump sum deposit and withdrawal of the four major banks has dropped from the original 3.25% to 3.15%, and the maximum interest rate of the two-year lump-sum deposit and withdrawal has been reduced from the original 2.60% to 2.5%.

　　The reporter checked the mobile banking of the four major state-owned banks and found that for 2-year and 3-year time deposit products, each bank gives different levels of interest rates according to different initial deposit amounts, but the maximum interest rates of the four major banks for the same period are basically the same.

At present, the highest interest rate for 2-year time deposits is 2.50%; the highest interest rate for 3-year time deposits is 3.15%.

　　According to what the Beijing Youth Daily reporter had previously learned, since June 21 last year, the maximum interest rate of the three-year fixed deposit of the four major banks was 3.25%, and the maximum interest rate of the two-year fixed deposit was 2.60%; compared with today's latest interest rate , both decreased by 0.1 percentage points.

At the same time, the deposit interest rates for one-year and below-term deposits have basically remained unchanged.

　　It should be reminded that the interest rate of lump-sum deposits and withdrawals inquired by customers on mobile banking is the actual execution interest rate, which is higher than the listed interest rate of the bank.

At present, the listed interest rates of major banks are basically the same, and there is no change, 1.75% for 1-year, 2.25% for 2-year, and 2.75% for 3-year and 5-year.

　　Zhang Xu, chief fixed income analyst at Everbright Securities, said that the fixed deposits involved in the voluntary interest rate cut this time are mainly medium and long-term types. Therefore, it is expected that the short-term deposit interest rate will remain basically stable in the future, and the medium and long-term deposit interest rate will drop significantly, which will make deposits more stable. Market competition is more orderly.

Probe

Lower interest rates help banks benefit the real economy

　　Large-denomination certificates of deposit have always been a "weapon tool" for banks. Why are banks taking the initiative to lower the interest rate of large-denomination certificates of deposit now?

　　In this regard, Liu Yinping, an analyst at Rong 360 Digital Technology Research Institute, believes that banks have two main considerations: First, they are subject to regulatory constraints. According to media reports, a recent meeting of the market interest rate pricing self-discipline mechanism was held to encourage some small and medium-sized banks to float deposit interest rates. The upper limit is lowered by about 10BP; the second is the demand for cost reduction. Since January this year, the interest rate of the loan market has continued to decline. The regulator has been guiding the market interest rate to go down to give profits to the real economy, and lowering the deposit interest rate can prevent the net interest margin from further narrowing.

　　Luo Qian, a researcher at Puyi Standards, said that financial support for the development of the real economy is a long-term policy orientation.

Guided by the policy of relinquishing profits to the real economy, the banking industry has moderately increased the rate of loan rebates and moderately transferred the pressure on the debt side.

From the perspective of short-term policy implementation, on April 15, the central bank officially announced a reduction of the deposit reserve ratio by 0.25 percentage points. This RRR cut is expected to inject about 530 billion funds into the market, which can further ease the deposit pressure of major banks.

Under the background of policy guidance to reduce the financing cost of the real economy, it is expected that the large-denominated certificates of deposit will still be in a downward trend in the future.

　　Liu Yinping pointed out that at present, state-owned banks and joint-stock banks are mainly reducing interest rates. Local banks are more difficult to acquire deposits and have poor deposit stability. They are relatively cautious in lowering interest rates. .

　　In addition, people in the industry generally believe that the decline in deposit interest rates will help reduce the cost of banks' liabilities, thereby further reducing the cost of loans, improving the bank's ability to transfer profits to the real economy, and also helping banks ease interest margins and narrowing of interest margins.

　　On January 18 this year, Liu Guoqiang, deputy governor of the central bank, said at the press conference of the State Council Information Office that if the deposit interest rate is too high, it will be difficult to reduce the interest rate of loans, and it will be difficult to reduce the financing cost of enterprises. Great efforts have been made to maintain the order of the deposit market, stabilize the cost of bank liabilities, and promote stable and moderate declines in the comprehensive financing costs of enterprises, especially small and micro enterprises."

Suggest

Rational view of short-term fluctuations to establish long-term investment thinking

　　The stock market and funds have not performed well, and the bank's wealth management products, which have always been stable, have also "broken net", and now even the interest rate on large-denomination certificates of deposit has been lowered.

Many investors lamented that it is too difficult to invest in financial management and do not know what to do.

　　"The same source of profit and loss is a major feature of the financial market, and short-term fluctuations are normal." Du Xuanwei, a researcher at Puyi Standards, believes that everyone should treat short-term fluctuations rationally and establish long-term investment thinking.

In the current situation where the interest rate of large-denomination certificates of deposit has been lowered and the income of wealth management products has continued to decline, investors should carefully evaluate their risk tolerance and choose a wealth management method that is consistent with their own circumstances.

Although the financial market has been volatile recently due to multiple factors, banks have a comparative advantage in balancing stable returns and risk control. Investors can still maintain a certain degree of confidence and establish a long-term investment philosophy.

　　Liu Yinping emphasized that investors need to choose products that suit them according to their risk preferences. If they pursue principal security, they are suitable for purchasing deposit products, including time deposits, large-denomination certificates of deposit, and structured deposits. However, due to the low interest rate of deposits, it is impossible to In order to resist inflation, some wealth management products or equity assets should be appropriately allocated. The risks of different wealth management products vary greatly. Investors should focus on understanding the risk factors of products before purchasing.

　　Text / reporter Cheng Jie