Deposits can be withdrawn in advance. However, bank wealth management products cannot be redeemed in advance before the maturity date or open day.

2. Differences in profitability:

The interest rate of savings deposits is predetermined. The yield of bank wealth management products cannot be determined in advance, which is uncertain. The rate of return marked in the sales of wealth management products can only be "expected rate of return", which may be different from the final rate of return.

3, the difference between terms:

Except for demand deposits, savings deposits have strict maturities. The term of bank wealth management products is very rich and flexible, and banks can even tailor wealth management products for big customers.

Extended data:

First, financial channels.

1, bank financing

The wealth management products provided by commercial banks in China are divided into three categories: guaranteed fixed income products, guaranteed floating income products and non-guaranteed floating income products.

2. Financial management of securities companies

Securities financing generally includes stocks, funds, commodity futures, stock index futures and foreign exchange futures. Individual or institutional investors can choose different financing tools according to their different needs and investment preferences.

3. Insurance financing

Insurance financing tends to be long-term, focusing on solving education planning and pension planning after a long time, and solving security problems such as accidents and medical care.

4. Financial management of investment companies

Financial management of investment companies generally includes trust funds, gold investment, jade, jewelry, diamonds and third-party financial management. With high initial capital requirements, it is suitable for high-end financial managers.

Two. Calculation of deposit interest rate:

1, repayment per installment = principal per installment+interest per installment.

2. Principal of each installment = total loan amount/specified period.

3 Interest per installment = (total loan-paid back in the previous year) * annual interest rate.

4. Monthly repayment amount = total loan amount/specified period+(total loan amount-paid in the previous year) * monthly interest rate.

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