Therefore, no matter which bank you deposit, 50,000 yuan is equally safe. In fact, at this time, our choice is more focused on which company has higher interest rates. Although the Postal Savings Bank has not been established for a long time, it has also developed rapidly. Since its report in the first quarter of this year, its total assets have exceeded 10 trillion, and its assets and profits have surpassed those of Bank of Communications. In February this year, it was also included in the list of large state-owned commercial banks.
As we all know, since 20 15, the central bank has cancelled the setting of the upper limit of deposit interest rate. Commercial banks can set their own prices according to their own conditions, with the self-discipline mechanism of interest rate marketization pricing as a soft constraint. As the core member of non-interest rate market pricing, Postal Savings Bank has great flexibility in implementing deposit interest rates. As shown in the above figure, taking the three-year period as an example, the lowest interest rate reaches 3.85%, which is 40% higher than the benchmark interest rate, and the highest interest rate exceeds 4%, which is 50% higher than the benchmark interest rate.
It can be seen that the time deposits of the Postal Savings Bank have not only increased substantially, but also have regional differences. As one of the core members of the self-discipline mechanism of interest rate marketization pricing, Agricultural Bank of China not only has a low interest rate increase, but also has little difference in national interest rates. The benchmark interest rate is usually kept at 2.75%, unchanged for three years and five years. Even if small deposits are introduced in some areas, the maximum increase will be 40% to 3.85%. Therefore, compared with the Agricultural Bank of China, the Postal Savings Bank has a greater interest rate advantage, with more than 40,000 outlets covering all cities and 99% counties in the Mainland, which is very convenient.