Since the beginning of this year, the enthusiasm of depositors to subscribe for large-value certificates of deposit has not diminished, and the phenomenon of "one order is hard to find" still exists. Good buy ready.

On March 7, a reporter from the Beijing Business Daily found that under the panic buying boom, in order to meet the needs of more customers, some banks also launched exclusive large-denomination certificates of deposit, which are only sold to new customers.

At the same time, many bank account managers turned to strongly recommend special deposits and insurance products to win customers' favor.

The amount of large certificates of deposit depends on grabbing

　　The enthusiasm for snapping up large certificates of deposit has not diminished.

On March 7, a reporter from the Beijing Business Daily found that recently, a number of banks had issued large certificates of deposit, and reminded depositors to prepare for purchases through text messages or circles of friends of account managers.

　　"Our bank will issue RMB large-denomination certificates of deposit at 8:30 am on March 8. It is recommended that you prepare funds in advance and rush to buy them on time," said the customer manager of a Beijing branch of a city commercial bank. The minimum purchase price is 10,000 yuan, and the three-year interest rate is 3.43%. Due to the limited amount, customers are advised to log in to the mobile banking app before 8:30 on the same day, and buy directly at the point.

　　It is understood that the bank's large deposit certificates are usually sold every Tuesday and Wednesday, and can be purchased at the counter or on the mobile banking app.

According to the account manager of the above-mentioned city commercial bank, due to the limited amount of the three-year large-denomination certificate of deposit, customers need to rush to buy it every time it is released.

　　It is not uncommon to buy large-denomination certificates of deposit "swiftly". According to a previous investigation by a reporter from Beijing Business Daily, many banks' three-year large-denomination certificates of deposit appeared to be insufficient or sold out as soon as they went online.

　　Under the continuous rush to buy, in order to attract new customers, some banks have also launched exclusive large-denomination certificates of deposit.

Take a joint-stock bank as an example. The bank has recently released large-value deposits exclusively for new customers. The minimum purchase price is 200,000 yuan. The three-year large-value certificate of deposit has an interest rate of 3.3%, but it is currently sold out.

The customer manager of a branch of the bank in Beijing revealed that the exclusive large deposits for new customers are snapped up at 10:00 every Monday, but it is difficult to buy, and there is no limit within one minute after going online this Monday.

　　Why are large certificates of deposit still "difficult to find"?

Zhou Maohua, an analyst at China Everbright Bank's Financial Market Department, believes that in recent years, residents' savings deposits have increased significantly, and there is still a lack of more attractive asset investments in the short term, and they are worried about further lower interest rates in the future. Some investors still have a certain demand for large deposit certificates; On the one hand, in order to control the cost of liabilities, banks hope to increase demand deposits, and have certain restrictions on the scale of issuing large-denomination certificates of deposit; in addition, domestic fiscal and monetary policies are more active, market liquidity remains reasonable and sufficient, residents have excess savings, and the overall debt of banks The pressure is no worse than in previous years when the debt was tight.

Substitutes also become sweet pastries

　　It is understood that large-value certificates of deposit are electronic certificates of book-entry large-value deposits issued by banks for individuals, enterprises, and institutional customers. They are deposit products with standardized deadlines, minimum investment requirements, and market-based pricing. , transferable and other advantages.

　　In the case that large certificates of deposit still need to be snapped up quickly, a reporter from Beijing Business Daily noticed that in order to meet the needs of more customers, bank account managers turned to strongly recommend special deposits and insurance products.

　　The above-mentioned city commercial bank account manager said that due to the limited amount of 3-year certificates of deposit, many customers may not be able to buy them. It is recommended that customers pay attention to the bank’s time deposits with a minimum deposit of 50 yuan and the same period, with an interest rate of 3.4%. , 200,000 yuan of time deposits are enough for 3 years, and the difference between the interest of 200,000 yuan and large certificates of deposit is only 180 yuan, which is not much different.

　　"Our bank has special savings deposits that you can save with peace of mind. The three-year interest rate is 3.25%, and the current income is relatively high." The above-mentioned joint-stock bank account manager recommended that this product starts from 1,000 yuan, and you can log in to mobile banking to directly inquire and purchase it. 200,000 Reservations are required for purchases starting from RMB.

If the funds are idle for a long time, you can also consider purchasing the increased whole life insurance products sold by the bank as an agency. The insured amount is 3.5% annual compound interest increases, and the return will be higher after the investment cycle is lengthened.

　　"Large-denomination certificates of deposit are sold in a limited amount, and the three-year interest rate advantage is relatively large. Some banks will have the phenomenon that large-denomination certificates of deposit are 'difficult to find." Liu Yinping, an analyst at Rong 360 Digital Technology Research Institute, said that for banks, if The amount of large certificates of deposit is insufficient, and it is normal to recommend products with similar risk levels and terms and similar returns to customers, such as structured deposits, ordinary fixed deposits, annuity insurance, etc.

For depositors, faced with the shortage of large deposit certificates in some banks, they can pay more attention to some small and medium-sized banks with relatively sufficient quotas or purchase substitutes.

Interest rate downside is limited

　　Under normal circumstances, the minimum purchase price for large-denomination certificates of deposit is 200,000 yuan, and the term ranges from one month to three years. Under the influence of multiple factors such as market supply and demand, policy promotion, and narrowing of interest rate spreads, interest rates on large-denomination certificates of deposit have been in a downward state.

Taking the three-year large-denomination certificate of deposit as an example, a reporter from the Beijing Business Daily found that the interest rate of the three-year large-denomination certificate of deposit of the state-owned banks has generally dropped to 3.1%, and the interest rate of most national joint-stock banks is between 2.9% and 3.3%. .

　　The account manager of the above-mentioned joint-stock bank revealed that in the first half of last year, the exclusive large deposit interest rate for new customers was 3.4%, and now it has dropped to 3.3%.

The account manager of another city commercial bank also revealed that the bank's three-year large-denomination certificate of deposit interest rate is 3.43%, which is lower than the 3.45% a month ago, and the interest rate is expected to be lowered in the future.

　　However, in the long run, experts believe that the reduction in interest rates on large certificates of deposit is limited.

Liu Yinping believes that banks need to report to the central bank the annual large-denomination certificate of deposit issuance plan at the beginning of the year, and the annual quota growth is limited, so even if investors are enthusiastic about purchasing large-denomination certificates of deposit this year, the quota of large-denomination certificates of deposit will still not be significantly ample.

The long-term interest rate of large certificates of deposit may still have some downward space, but it is relatively limited.

　　"With the changes in the macroeconomic and financial environment, the downward space for interest rates on large-denomination certificates of deposit is restrained." Zhou Maohua believes that the main reasons are the steady recovery of the domestic economy, the recovery of risk appetite in the financial market, and the weakening of investors' demand for large-denomination certificates of deposit; The demand for large-denomination certificates of deposit has cooled, which will also limit further decline in interest rates.