Guangfa Bank has the lowest investment threshold, starting from 100 yuan or 1 gram; Followed by Bank of Communications and Industrial and Commercial Bank of China, both of which are deposited in 200 yuan; Agricultural Bank of China can only take weight as the accumulation target, and the gold quotation of AU9999 is currently around 330 yuan/gram.
2. Quotation method
In terms of quotation methods, banks also have differences. ICBC's quotation for "accumulated funds" business is the most reasonable. The bank adopts the concept of average price, that is, based on the quotation of Shanghai Gold Exchange, the fixed investment amount of investors is allocated to every day, so as to realize the accumulation of daily average price of gold, thus sharing the investment cost for customers and avoiding the investment risk of gold price fluctuation to the maximum extent. Guangfa Bank also trades at the real-time AU9999 price quoted by Shanghai Gold Exchange on the deduction date specified by investors. Bank of Communications takes the fixed investment quotation published on the website as the pricing basis for this business. The quotation of ABC's "Cunjintong" refers to the standard precious metal price of the bank's "handed down treasure". The price is based on the quotation of Shanghai Gold Exchange 10, plus the processing fee and circulation fee of "Handed down Treasure".
3. Fixed investment law
In terms of fixed investment, Guangfa Bank is the most flexible. Investors can make time deposits on a daily, weekly, monthly and quarterly basis, regardless of weight and amount. Bank of Communications gives investors three choices, namely, weekly and monthly fixed investment and active subscription. There are only two ways for China Industrial and Commercial Bank and China Agricultural Bank to invest in gold, namely, monthly investment or active subscription. The online banking signing method of Bank of Communications' "Gold Fixed Investment" business is simple, and customers can automatically deduct money through regular fixed investment and record it in time, effectively avoiding the risk of short-term fluctuations in gold prices.
4. Handling fee
The handling fee for fixed investment in gold is also a concern of investors. According to the reporter's investigation, the subscription fee of ICBC's "accumulated fund" is 0.5% of the transaction amount, and the maximum redemption fee is 1.5%. The rate of Bank of Communications is comparable to that of ICBC. As the bank's gold fixed investment business is still in the promotion period, the redemption fee will be lowered to 1% before the end of the year. The fixed investment price of Bank of Communications is calculated by the average of the highest price and the lowest price, which is simple and reasonable. Customers who have not opened a fixed investment in gold can also log on to the online banking to inquire, and even customers who have not opened an online banking can log on to inquire about the fixed investment quotation. Compared with the fixed investment price of ICBC, it is obtained by ICBC itself adding some points, and the price is higher, and it can only be found by signing an agreement to deduct money. If it is not directly displayed, it is quite troublesome to count backwards. Agricultural Bank of China's "deposit-to-transfer" has no handling fee burden, and the bank has already included the relevant investment costs when making a fixed investment quotation, so investors do not need to pay additional fees.
The subscription and redemption fee for the fixed investment business of Guangfa Bank is 1%. In addition, the bank will charge the account management fee according to the gold position and gold storage days in the customer's fixed investment account. The account management fee is charged on a monthly basis, and the standard is 1.5 yuan/kg/day.