According to the requirements of the regulatory authorities, all banks in China must pay deposit insurance, and financial institutions that can absorb deposits with the approval of the state must pay deposit insurance. The amount of deposit insurance paid is calculated by multiplying the total deposits of financial institutions by a certain proportion. As long as financial institutions pay deposit insurance, their depositors can enjoy the protection of deposit insurance. According to the rules of deposit insurance, everyone can be protected by deposit insurance if the sum of deposit principal and interest in each bank does not exceed 500,000 yuan. The part exceeding 500,000 yuan will not be insured.
Banks in our country rarely go bankrupt, because our country's regulators have very strict supervision over banking financial institutions, and each step of business operation has corresponding rules. Banks must operate in accordance with established rules when conducting business. If the bank goes bankrupt, the user's deposit will be covered by deposit insurance, and the deposit insurance fund will advance the user's deposit principal and interest in advance to ensure that the user's deposit will not be lost.
If you want to find the safest investment, then bank deposit is a very good choice. As long as your deposit amount is less than 500 thousand, your deposit will not be risky, but the disadvantage of bank deposit is that the income is not high. From an economic point of view, income and risk are in direct proportion. If you want to get high returns, then you have to take high risks. When choosing a bank deposit, try to choose a bank with high deposit interest, which will bring you higher income.