The term "deposit certificates" as mentioned in these Measures refers to the large deposit certificates issued by banking deposit financial institutions for individuals, non-financial enterprises, government organizations and so on. The interest rate of certificates of deposit is higher than that of time deposits of the same term. Most of them are up by 40% on the basis of the benchmark interest rate, while a few banks are up by 45%, and time deposits are generally up by about 30%.

Different from ordinary certificates of deposit, large certificates of deposit can be transferred in advance, with a term of not less than 7 days, a high investment threshold and an integer amount.

Extended data

Generally, certificates of deposit can be purchased through outlets, online banking and mobile banking, but some products of some banks can only be purchased at our outlets. In terms of interest payment methods, certificates of deposit are also divided into two types, one is to repay the principal and interest at maturity, and the other is to pay interest on a monthly basis.

Functional features:

1. Standard deposit with safe principal and interest.

2. Convenient and flexible, with different liquidity support.

3, market-oriented pricing, higher returns

A certificate of deposit is essentially a deposit of a bank. According to China's "Measures for the Administration of Bank Deposit Insurance" and "Regulations on Bankruptcy Disposal", if a bank goes bankrupt, the current bank insurance only compensates all your deposits in the bank, and the principal and interest are below 500,000 yuan. If your deposit or certificate of deposit exceeds 500,000 yuan, you can only pay 500,000 yuan first, and the rest will be paid after the bank is cleared.

References:

Baidu encyclopedia-deposit certificate