If the bank informs you, hello, it is recommended to bring my ID card and bank card to ICBC outlets. Bank account is the general name of deposit account, loan account and current account opened by customers in the bank. In China, according to regulations, all state organs, organizations, military units, schools, enterprises and institutions must open accounts in banks. According to different purposes, bank accounts can be divided into basic account, special accounts and auxiliary accounts. In the accounting institutions of bank accounting, in order to ensure the truthfulness, completeness and correctness of account books, subsidiary ledger and general ledger are classified records and reflections on the sources and use of funds caused by banking business and financial activities.

1, fixed deposit

A savings account. Some people may get dizzy when they see this. What's the difference between saving and not saving? Well, I can only say that savings and deposits are different. If an inaccurate description must be given, savings are savings, and banks usually use the money to lend. Deposits are also savings, but the money obtained by banks is usually used for investment.

2. Money market accounts

Similarly, money market deposit accounts (MMDAS) can be classified as common domestic wealth management products sold by banks.

Similar to the minimum subscription amount of RMB 50,000 for domestic wealth management products, MMDAs needs to maintain a certain account balance (such as $2,500) to avoid account management fees. The bank will invest the money in your account in short-term commercial bonds, national debt or CDs (these investments are called money market investments, and you know the origin of the name), and get higher interest rate returns than savings accounts. More flexible than domestic wealth management products, it can only be redeemed on a fixed date, and it can open a limited number of checks or a limited number of withdrawals/transfers per month (for example, check+withdrawal+transfer does not exceed 6 times).

3. Time deposit certificate

I believe everyone is familiar with this kind of account, which is what people often call "dead deposit". A certificate of deposit (CDs) has a minimum subscription amount (for example, $5,000), the interest rate is negotiated with the bank, and the deposit period ranges from three months to six years. The longer the deposit period, the higher the interest rate. Under normal circumstances, after the certificate of deposit is issued, no additional deposit can be made, nor can cash be withdrawn at any time. Withdrawing money in advance before maturity will lose a large part of interest.