of course, it is guaranteed. After all, it is in China CITIC Bank, which is a very large bank. Moreover, it is a bank under the central enterprises, so the time deposit here is definitely guaranteed.
Is the time deposit of CITIC Bank safe?
The deposit of CITIC Bank is relatively safe. CITIC Bank is one of the national commercial banks in China and the seventh largest bank in Chinese mainland. Compared with other financial institutions, this kind of bank with strong capital background will not have bankruptcy and other risk problems. Moreover, CITIC Bank was listed on the Shanghai Stock Exchange in 27, and there are many ways to protect it.
Extended information:
Are the wealth management products of CITIC Bank reliable?
From the platform point of view, CITIC Bank is one of the national commercial banks in China. It must be a formal, reliable and safe platform. After being audited by the state, there will be no cheating. Investors need not worry about being cheated when buying wealth management products at CITIC Bank, which are all formal wealth management products. Judging from the wealth management products themselves, CITIC Bank's wealth management products all have certain risks, but the risk level will be a little different.
At present, the wealth management products of CITIC Bank can be divided into five types according to the risk level: cautious products, stable products, balanced products, enterprising products and radical products, and the increase of numbers represents the increase of risks. The security of prudent products and prudent products is higher than other risk levels. If conservative investors want to focus on security, they can consider buying prudent products and prudent products of CITIC Bank. If investors pursue high returns and can bear certain risks at the same time, they can consider balanced products, aggressive products and radical products.
how to choose financial products
if you want to choose financial products, you must proceed from your own situation and consider your own economic ability and risk tolerance. Not the higher the income, the better the wealth management products are. Choosing the right wealth management products and obtaining steady income is the correct way to manage money. When you choose a wealth management product, its risk, safety, liquidity and so on should be taken into account. Of course, its income must also be taken into account. For example, if you don't have much money, don't want to take too much risks, and need to use money at any time, you should choose financial products with capital preservation and current demand, such as money funds, reverse repurchase of government bonds, and bank deposits. These are the things you should choose when choosing financial products. And if you have sufficient funds, little liquidity demand and can bear certain risks, you can pursue some high-risk and high-yield investments, such as stocks, gold, futures, etc., which are the directions you can choose when choosing wealth management products.
which bank is the most reassuring with 1 million spare money?
You have 1 million spare cash that you want to deposit in the bank to generate interest, but your biggest concern is the security of the principal of this 1 million. In the domestic banking industry, ICBC is the leading bank, and it is the best in terms of assets, popularity, credibility and bank outlets, so I personally think that your deposit of 1 million in ICBC is the most reassuring.
why is ICBC the most reassuring?
ICBC is the parent-child of Yang Ma and belongs to the central bank;
ICBC is the leader of domestic banking industry;
ICBC is a large commercial bank, and it is reassuring that those small and medium-sized commercial banks are definitely large commercial banks.
Industrial and Commercial Bank of China has huge assets, and has now exceeded the market value of 2 trillion, making it the highest market value of domestic banking industry;
ICBC has a very high reputation, which is obtained after a long period of national recognition. Therefore, you should believe that the eyes of the masses are discerning when saving money.
There are five reasons why ICBC will never go bankrupt, and there is no need to worry about the problem that the compensation in the Deposit Insurance Ordinance will not exceed 5, yuan. Therefore, since there will be no bankruptcy problem, 1 million yuan deposited with ICBC is the most reassuring real reason.
The most reassuring interest rate of ICBC is the lowest
There is a rule in domestic banks. As banks become larger and more famous, banks with stronger assets tend to have the lowest deposit interest rate, such as ICBC, Agricultural Bank and other six state-owned banks.
The deposit interest rates of 12 joint-stock banks, China Merchants Bank and China CITIC Bank are higher than those of the six state-owned banks. The highest deposit interest is private banks, rural commercial banks and rural banks, which are higher than joint-stock banks and become the banks with the highest interest rate in China.
similar to ICBC's certificate of deposit with a five-year term, the annual interest rate of 3, yuan is about 3.5%; The annual interest rate of 5, certificates of deposit is 3.8%; 1 million certificates of deposit at 4%; The interest rate of such certificates of deposit is indeed much lower than that of joint-stock banks and private banks.
two or three banks with 1 million yuan are the most reassuring, and the interest rate is also the highest
Through the above analysis, I also found that besides the most reassuring deposit method of ICBC, there is also the most reassuring deposit method with high interest rate, that is, it is ok to deposit 1 million yuan in private banks, rural commercial banks, rural banks and so on, and to deposit 1 million yuan in two or three banks.
Because you deposit 1 million yuan in 2 or 3 banks, you can be protected by the Deposit Insurance Regulations of each bank. Your deposit amount is already within the protection range of 5, yuan. This kind of deposit is zero risk. Even if the bank is likely to go bankrupt, at least your deposit principal is very safe, so this method of separate deposit is the most reassuring.
Although it is more troublesome to deposit 1 million yuan separately, it is worth the trouble, because it can be deposited separately in small banks with high interest rates, such as rural banks and credit cooperatives. At least 5%~5.6% of five-year time deposits or certificates of deposit are higher than the annual interest rate of 4% deposited in ICBC. At least, there will be a difference of more than 1, yuan in interest between depositing 1 million yuan in ICBC and depositing separately. The same principal, the deposit is also guaranteed, but the final interest of the deposit is quite different;
From the above analysis, we can draw the answer that it is most reassuring to deposit 1 million in one bank. If you deposit 1 million separately, choose small banks such as private banks, rural businesses and villages and towns. The deposit is reassuring and the interest is high. This is the most sensible deposit business.