Hello, the card of Henan Rural Credit Cooperative is Jinyan Card, which is a savings card, not a credit card. Jinyan Card is a RMB magnetic stripe debit card with a unified brand that is voluntarily entrusted by the Henan Rural Credit Cooperatives Union to accept the voluntary entrustment of all county-level cooperatives within its jurisdiction. Anyone who voluntarily opens a bank settlement account at the business institution of the Rural Credit Cooperative in Henan Province and Units and individuals that comply with the relevant national financial laws and regulations, as well as the relevant regulations of Henan Province Rural Credit Cooperatives, can apply for the Jinyan Card.

Deposits are time deposits and demand deposits.

Nowadays, there are various financial management methods on the market, and everyone will choose financial products that suit them in life to manage their own finances and earn another source of living. In fact, although many financial products outside have high interest rates, the risks are not low. Most people will not touch these financial products under uncontrollable circumstances.

So everyone doesn’t manage money? In fact, bank deposits can also be regarded as a type of financial management, such as time deposits, large certificates of deposit, etc., which are preferred by most people. When it comes to time deposits, they range from 3 to 5 years. Many people will I am confused about the deposit time, so is it better to hold a "time deposit" in a bank for 3 years or 5 years? You should suffer a loss if you make a mistake!

First of all, is it better to have a demand deposit or a regular deposit? The answer is definitely better regularly. Under the premise of safety, our deposits generally give priority to profitability, and secondly, a certain amount of liquidity is required to ensure emergency needs. If it survives, although it can be deposited and withdrawn at any time and the liquidity is very high, the interest rate of 0.3-0.35% is indeed too low. It is not considered financial management at all and it only plays the role of being kept by the bank. However, the deposit term can still be withdrawn at any time in accordance with relevant regulations, without any impact on liquidity. On the contrary, if there are no special reasons, you can generally hold it until maturity. Or withdraw part in advance, and the remaining part can still continue to enjoy regular interest rates until maturity. Comparing the two, first of all, there is no difference in liquidity, and secondly, the possibility of obtaining more interest is much greater, so it is certainly more cost-effective to save regularly. ?

As for whether it is better to save for half a year, one year, or three years? It mainly depends on the idle period of your funds, or investment plan. If the investment plan is vague and unclear, of course a shorter period is more realistic. Unclear investment planning will inevitably lead to an increased possibility of early withdrawal. Once an early withdrawal occurs, the interest will be calculated based on the current interest rate, and more interest will be lost, which will feel like the loss outweighs the gain. However, if the investment plan is very clear and the idle period of the funds can be basically determined, the 3-year term will definitely be chosen, because the 1-year interest rate will definitely be lower than the 3-year interest rate. Under normal circumstances, even if you save for three consecutive 1-year periods, the total interest will not be as much as the interest for one 3-year period. This is based on theory. If you don’t believe it, you can calculate it yourself. ?

How to balance the contradiction between efficiency and liquidity if the investment plan is not clear? In fact, there are other better ways that can be easily solved, namely diversified deposits. There are two forms. One is to divide a fund into multiple deposits and allocate long-term and short-term combinations. Short-term products are mainly used to meet temporary needs; the other is to transfer funds with an uncertain period to other third parties. Wealth management platforms include monetary funds and some innovative deposits, which not only have interest rates much higher than current interest rates, but can also be deposited and withdrawn at any time, making them highly liquid and relatively safe. Through these combined deposits, the contradiction between efficiency and liquidity is effectively solved, so that you no longer have to worry about it.