Low threshold, high interest rate, 3.2% for three-year period, 3.37% for five-year period

　　Online quota of 40 billion savings treasury bonds sold out in seconds

　　Yesterday, the latest two tranches of savings government bonds (electronic) were sold simultaneously on the online banking and counters of major banks.

A reporter from Beijing Youth Daily learned from ICBC, China Merchants Bank and other banks that because the current interest rate of savings treasury bonds has obvious advantages over banks' fixed deposits in the same period, this issuance is very popular.

Almost all the online quotas of various banks were sold out within 1 minute, and many offline branches of many banks also had customers waiting in line early in the morning, and the five-year treasury bonds were quickly sold out.

　　Online quota

　　Sold out within a minute of going on sale

　　According to the announcement of the Ministry of Finance, the third phase of electronic savings bonds issued yesterday has a term of three years and an annual coupon rate of 3.2%; the fourth phase has a term of five years and an annual coupon rate of 3.37%; the largest issuance in the country is 20 billion yuan. Yuan.

Investors can purchase at the branch counters and online banking of various underwriting banks, and the subscription starting point is 100 yuan.

The six major state-owned banks including ICBC, Bank of China, Agricultural Bank of China, and China Construction Bank, as well as joint-stock banks such as China Merchants Bank, China Everbright, CITIC, Ping An, and Industrial Bank, as well as local banks such as Bank of Beijing and Beijing Rural Commercial Bank, are on the list of underwriting banks.

Among them, the mobile banking of four banks including ICBC, Postal Savings Bank, China Merchants Bank and Bank of Jiangsu can also be purchased.

　　Previous announcements issued by various banks show that the issuance period of the two electronic savings bonds issued yesterday is from July 10 to July 19, 2022, and the sales time is 8:30-16:30.

The two tranches of treasury bonds issued this time will start interest on July 10, 2022, and the interest will be paid annually, and the interest will be paid on July 10 each year.

The third installment is to repay the principal and pay the final year interest on July 10, 2025.

The fourth installment repays the principal and pays the final year interest on July 10, 2027.

　　"This morning, I entered the mobile banking five-year treasury bond purchase page ahead of time, and started to swipe at 8:29. At 8:30, I found that I couldn't place an order, but I could see that the available purchase amount displayed on the page was decreasing. I thought it was a problem with my mobile phone, and I refreshed it again, and I saw the words 'sold out'." Ms. Chen, a customer of China Merchants Bank, told the reporter of Beiqing Daily about her regrettable experience of "slow hand".

　　At 8:32 a.m., just 2 minutes after the government bond sale, a reporter from the Beiqing Daily found that the "buy" button of today's two tranches of government bonds on ICBC Mobile Banking had turned gray, meaning that it was no longer available for purchase.

ICBC online banking reminder: As of 08:31 on July 10, the e-banking channel of the two tranches of savings bonds is 0.00 yuan.

　　Offline outlets

　　Five-Year Treasury Bonds Are More Popular

　　In addition to online channels such as online banking and mobile banking, electronic savings bonds can also be purchased over the counters of various banks.

Yesterday was Sunday, many bank outlets were closed, and there were fewer outlets where you could purchase treasury bonds offline than usual.

However, this could not stop the public's enthusiasm for savings bonds.

　　At 8:30 a.m., ICBC Dongsi Sub-branch opened for business ahead of schedule on the national bond sales day as usual.

At 9:10, the staff of the sub-branch told the Beiqing Daily reporter: "The five-year savings bonds have been sold out, and there are still three-year bonds. There are not many people in line now, but this quota is shared nationwide. There is no guarantee that it will be there when you come."

　　At 9:20, there were a number of customers waiting to buy government bonds at a Bank of Beijing branch outside Chaoyangmen.

A customer called to inquire about the national debt, and the staff replied: "The five-year term is sold out, and the three-year term is not much. It is estimated that when you arrive, the three-year term should have no quota."

　　Financial "coup"

　　Annual interest available for reinvestment

　　The savings bonds issued in March and April this year have a three-year coupon rate of 3.35% per annum and a five-year coupon rate of 3.52% per annum.

According to the announcement of the Ministry of Finance, the interest rates of the two issues of electronic savings bonds issued yesterday were reduced by 0.15 percentage points compared with the previous ones, but they still have obvious advantages compared with the fixed deposit interest rates of most banks in the same period.

In addition, savings bonds can be purchased for only 100 yuan, and the threshold is lower.

　　It is understood that the current three-year fixed deposit interest rates of the four major state-owned banks are in the range of 2.75%-3.15%.

If you deposit 100 yuan, the interest rate is only 2.75%; if you want to get the higher interest rate of 3.15%, you need to deposit at least 10,000 yuan.

In contrast, the three-year fixed deposit interest rate of joint-stock banks is higher.

For example, Ping An Bank three-year deposit, the deposit starting from 50 yuan, the interest rate is 2.8%, the deposit starting from 500 yuan is 3.25%, the deposit starting from 3,000 yuan is 3.30%, the deposit starting from 5,000 yuan is 3.35%, and the deposit starting from 10,000 yuan of 3.40%.

China CITIC Bank’s three-year fixed deposit interest rate has four levels, 3% from 50 yuan, 3.3% from 1,000 yuan, 3.35% from 5,000 yuan, and 3.4% from 10,000 yuan.

　　It is not difficult to see that regardless of the initial deposit amount, the interest rate of three-year savings treasury bonds is higher than the fixed deposit interest rate of large state-owned banks in the same period, and the gap is between 0.45-0.05 percentage points. The higher the deposit amount, the smaller the gap.

　　At present, the five-year fixed deposit interest rate of the four major state-owned banks is lower than the three-year interest rate. Regardless of the deposit amount, it is only 2.75%.

Therefore, the interest rate of the five-year savings treasury bonds issued this time is 0.62 percentage points higher than the five-year fixed deposit interest rate of a large state-owned bank.

The same is 10,000 yuan, and the interest is only 275 yuan per year in a large state-owned bank for five years, while the interest of the five-year national debt can be 337 yuan, and the total increase in five years can be 310 yuan.

　　In addition to the advantage of higher interest rates, the annual interest payment method of electronic savings bonds also makes them more attractive than bank time deposits.

　　A financial planner, Mr. Zhu, told the Beiqing Daily reporter that the bank's fixed deposit is a one-time repayment of principal and interest after maturity, and the electronic savings bond is an annual interest payment. After customers get the annual interest, they can use the interest to invest again. Manage your finances and earn additional income.

Therefore, for those who know how to manage money, the actual income of electronic savings bonds can be much higher than the nominal interest rate.

　　For example, an investor who buys 10,000 yuan of five-year treasury bonds will receive 337 yuan in interest each year.

The 337 yuan can also be used to make deposits, buy government bonds, or buy funds and bank financing.

Simply based on a lower annualized rate of return of 2%, there can be an income of 6.74 yuan in one year.

When the five-year maturity expires, the interest on the savings treasury bond received for the first time has been managed for four years, and an additional income of about 27 yuan has been obtained.

The interest on the national debt received for the second, third and fourth times can be handled in this way.

If the customer purchases a large amount of treasury bonds, the additional investment income of annual interest will also be considerable.

　　Mr. Zhu also pointed out that the early withdrawal of the bank's fixed deposit can only be calculated according to the current interest rate, and the loss of depositors is relatively large, while the savings treasury bonds can be redeemed in advance, and the interest is calculated by the file, and the liquidity is better.

　　It is understood that savings bonds can be redeemed in advance after the issuance period ends.

Advance redemption cannot be done through online channels such as online banking, but can only be done through the counter of business outlets.

　　Release plan

　　Next month can also "fight hand speed"

　　Several industry insiders told the Beiqing Daily reporter that the two tranches of savings bonds issued yesterday were so popular, in addition to low thresholds, high interest rates, and good interest payment methods, it was also related to the "out of stock" in the previous two months.

　　According to the 2022 Savings Treasury Bond Issuance Schedule previously announced by the Ministry of Finance, from March to November this year, two tranches of treasury bonds will be issued on the 10th of each month, namely three-year and five-year savings bonds.

Among them, certificate-type savings bonds were issued in March, May, September and November, and electronic savings bonds were issued in April, June, July, August and October.

　　It is understood that the issuance plan of savings bonds in March and April was successfully completed.

Affected by the epidemic prevention and control situation in the later period, in order to reduce the gathering of people, the two tranches of certificate-type savings bonds originally scheduled to be issued on May 10 and the two tranches of electronic savings bonds issued on June 10 were not issued as scheduled.

　　According to the plan, there will be four more opportunities to buy savings bonds this year.

It should be reminded that, unlike electronic savings bonds, which can be purchased through online channels, voucher savings bonds can only be purchased on-site at the counter of the underwriting bank's business outlets.

In addition, the certificate-type savings bonds are repayment of principal and interest once at maturity, and you need to go to the counter to withdraw with the certificate of deposit.

Citizens can choose according to the different characteristics of savings bonds and their actual situation.

　　Text / reporter Cheng Jie