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Banks are also enterprises, and enterprises want to make profits. Without the interest on bank deposits, its basic functions have changed. The money in the hands of ordinary people can be stored, circulated, preserved or appreciated through other channels. Ordinary people will join the bank to ensure that life is urgent. The rest is used for venture capital. Such as stock trading, warrants, futures, funds, foreign exchange, gold, real estate, financial management, there are many ways. The funds are in my own hands, and I take care of my funds.
This is not understanding the meaning of bank deposits, thinking that it is to earn interest, which is all wet.
If a person is full and the whole family is not hungry, it may not be necessary to deposit money in the bank; Married people with children still need to save some money in the bank for a rainy day.
To be honest, the interest on bank deposits often can't beat CPI and inflation. If it is regarded as a financial management method, there is indeed a logical problem.
The average family will also save some money in the bank, mainly for fear that some unexpected things need money, such as the stock market suddenly entering a bull market, such as the sudden illness of family members and so on. It is not so easy to borrow money now. If you don't deposit some money in the bank, it may be difficult to find money for a while in case of major events.
Nowadays, many people are used to using tomorrow's money to fulfill today's dreams, which is very useful for stimulating domestic demand. But things have gone too far. When consumption exceeds income ability and repayment ability, it often falls into the pit.
On Sunday, I accompanied my friends to have their teeth filled. Now a tooth costs nearly 10 thousand yuan, and everyone has to pay before operation. I can't cope with such a thing without any savings.
The older generation likes to keep some things, which is actually a good habit and can be passed down.
Of course, there are also some convenient financial management methods. There are already some financial methods. If the bank deposit interest is zero, you may not have to deposit in the bank.
Make money, spend money and save money. People who love to save money in China, before the 1980s, have savings no matter how much money they earn.
This deposit is a bank deposit. The purpose of most middle-aged and elderly people's deposits is to save money for a rainy day!
No matter how much the bank's interest is, the money is uncontrollable and cannot be shaken! [shy] [shy]
Even if the bank interest rate drops to zero, it will not reduce their enthusiasm for saving money! [yeah] [yeah]
Nowadays, the circulation of the financial system cannot be separated from banks. Bank deposits have no interest, even negative interest. Everyone should deposit money in the bank like them.
Do you feel that the bank's deposit interest rate of 0.35% is very low? Most people in China don't choose demand deposits, do they? But in fact? According to the balance sheet of local and foreign currency credit of the central bank's financial institutions, as of 20 19 and 12, the scale of Chinese residents' deposits reached 82. 1296 trillion yuan, of which demand deposits reached 29.8739 trillion yuan, accounting for 36% of the total. Resident deposits are generally resident deposits, and the scale of corporate deposits is 62. 1 147 trillion yuan, which is less than the savings accumulated by everyone.
In fact, most of our personal demand deposits in the bank exist in the form of scattered, small and emergency reserves. For example, after the salary is paid, not everyone will immediately transfer the money from savings and wealth management, so this part of the money forms a demand deposit in the bank account.
People don't care about the interest on demand deposits. They just put them in bank accounts for easy management and safe storage. Think about it, how much trouble is it to find money in your salary now? Do you know why there are fewer thieves now? Mainly because people don't bring cash.
Now that digital RMB has been put on the agenda and has been tried out in four regions, the possibility of paper money appearing in the future will become smaller and smaller. As long as it is non-paper cash, it must circulate in the banking and financial system. For everyone, there is indeed a large part of money that doesn't care about bank interest.
With the improvement of people's consumption concept, it is natural to pay for banking services, so negative interest rates seem not difficult to accept. Although the Federal Reserve says that negative interest rates are not suitable for the United States, it has actually set a zero interest rate of 0%~0.25% many times. The euro zone and Japan have indeed been vigorously promoting negative interest rates. On September 20th,19, 12, the European Central Bank announced a rate cut of 10 basis point to -0.5%.
In 20 19, a Danish bank launched the world's first mortgage loan with negative interest rate-the annual interest rate of mortgage loan is -0.5%. On the surface, it is true that after we borrow from the bank, the total repayment will be less than the loan amount. However, in fact, the negative interest rate is not high, only -0.5%, so we can't make a fortune with it. In addition, it is also an important test of personal credit to ensure that the money can be repaid stably in the next few decades. Why does the country carry out low interest rate or negative interest rate? Isn't it to stimulate consumption and promote economic circulation? When we get a loan, the money will flow from the bank to the real estate company and to the whole economic system through the wages and consumption of employees, so it still plays a positive role in the economy.
Now the situation in our country is really different from that in foreign countries, and real estate is still the most popular investment method. China's economy is developing rapidly, everyone's income is rising, and a large number of rural people are pouring into cities. The traditional concept of China's parents has stimulated housing consumption, so there will be no negative interest rate on China's mortgage in the short term.
It seems that success is Xiao He and failure is my reason. In order to earn the spread, banks will attract deposits at high interest rates, but if there are more deposits, people will stop spending, and bank loans will not be released, so they can't afford the high interest rate of deposits and have to lower the deposit interest rate. In the end, it will form zero interest rate or even negative interest rate, forcing everyone to consume.
Therefore, the interest rate of banks has nothing to do with whether people save money or not, mainly depending on whether the economy develops into a major premise and serves economic development.
Zero interest rate and negative interest rate are a major problem we are facing. Zhu Min, president of Tsinghua University National Institute of Finance and former vice president of IMF, said in his speech that after the epidemic crisis, the debts of the government and enterprises will rise, and we will live in a bigger debt environment.
Zhu Min explained that the global economy is currently in the following four variables. The first variable is that the interest rate is almost zero and there is no room for decline. The second variable is that some countries may have negative interest rates to stimulate the economy due to economic weakness; The third variable is that we are likely to enter the era of negative interest rates; The fourth variable is that because of negative interest rates, more and more assets in the world will enter negative assets.
"There are already 18 trillion bond assets and other assets in the world with negative interest rates, which was unimaginable in the past." Zhu Min said that German ten-year bonds and two-year bonds are already negative interest rates; The Netherlands already has a negative interest rate on residential housing loans, which means that you don't pay the loan interest, and the bank subsidizes your interest. "We have lived in the era of negative interest rates, and negative interest rates will definitely bring negative interest rate assets."
Zero interest rate may be a trend, but it will take a long time. Under the current downward trend of interest rates, at least it is more difficult for interest rates to rise. From an economic point of view, the trend that interest rates will continue to decline in the future is also obvious. Banks mainly rely on spreads to make profits. Assuming that no one deposits money in the bank, the bank's profits will be greatly reduced. So banks will at least have preferential interest rates to attract depositors to save money. Moreover, even with the trend of zero interest rate, the autonomy of banks is increasing under the marketization of interest rate in the future, and these banks will have different countermeasures under the fierce competition. Therefore, at least for a long time, zero interest rate will even remain above it;
You can also pay management fees for bank deposits. Actually, this is long gone. Remember the previous account management fee? Is there an annual fee? Our deposits are entrusted to the bank for safekeeping, and the bank will waive a lot of fees because it will use our money to make profits from activities such as mortgage loans. If the bank's utilization rate of our deposits declines, then many expenses may be put on the table again. However, the future development will not be so simple, we should look at it from the perspective of development!
Yes, after all, the storage fee will be confiscated.
You're asking questions. Not interested. Why should I save money? Serve the people? We go to the bank to save money for a little profit, to eat some interest, for a little benefit, such as a bag of rice, a bucket of peanut oil and so on.
People nowadays are very realistic. The general doesn't fight an unprepared war, but he goes for the benefit and benefit.
If I have10 million in the bank, it will be more than 10,000 in January with interest, and I don't have to sit around and eat interest, but if there is no interest, I just want to save money safely and give it to the bank. I don't do that business.
The purpose of saving money is not for profit. Key money is safely kept in the bank and used when needed. If I have 1 million now, 500 thousand will be used for financial management and increase my income. Nowadays, family relations are fragile in this society. If there is no deposit at home, there may be no need to lend you a large sum of money, even if the relationship is good. When it comes to borrowing money, everyone is disgusted, so it is quite correct to say that parents are rich and it is better to facilitate themselves. Money is deposited in the bank without interest, but to prevent accidents, which can solve the problem. Although the interest rate is low, it is safe. Some people covet some informal wealth management products with higher interest rates, and as a result, they can't even get the principal. This is the result of greedy interests.
Of course, it is too unsafe to leave cash at home, although it is not much.