Many people are entangled in financial management and time deposits. Although financial management has high returns, it is risky, and time deposits seem to have little risk in everyone's impression. So, is the time deposit yield high? Why are some people keen on time deposits? We have prepared relevant contents for your reference.

Is the income of time deposit high?

The income of time deposit is related to the principal and the deposit period. Generally, the more the principal, the longer the deposit time and the higher the income. In addition, the income of time deposits between banks will be different, some may be slightly higher and some may be slightly lower, but the yield is generally between 1%-5%.

The high income of wealth management products can reach 4%-8%, and the term is generally not as long as that of banks, but wealth management is risky. Bank time deposits are protected by bank deposits, so the income of time deposits may not be high compared with wealth management, but the risk is smaller than that of wealth management products. If the market is not good, wealth management products may lose money.

Why are some people keen on time deposits?

Because time deposits are much less risky and safer than stock trading, gold, futures, funds and wealth management products, as long as they are wealth management, they are not guaranteed capital and interest, which means there is the possibility of losses. Some wealth management risks are great, and they may lose a lot if they are not careful.

Bank time deposits are protected by the bank deposit guarantee system, with a capital preservation of less than 500,000 yuan, high security and fixed deposit interest rate. As long as you deposit it, you won't lose money, attracting many people who don't want to take risks.