1. Can bank wealth management products be withdrawn in advance?
Can bank wealth management products be withdrawn in advance? Mainly depends on the nature of wealth management products, or the type of wealth management products, and the redemption conditions agreed in the agreement. However, most bank wealth management products on the market cannot be withdrawn in advance, and can only be taken out after the expiration.
If investors buy bank closed-end wealth management products, there is generally a time limit, and they cannot withdraw in advance during the closed period, including closed-end funds and regular wealth management. Although some bank wealth management products cannot be withdrawn in advance, they can be transferred or pledged before maturity. It depends on whether the agreement signed at the time of purchase supports it. Of course, some bank wealth management products can be withdrawn in advance, but the interest income will be greatly lost.
If investors buy open-ended wealth management products from banks, most of them can be withdrawn in advance and can be withdrawn at any time, and there is no fixed closure period. If it is an open-end fund, the funds will generally arrive within 2-3 working days after redemption.
2. Which is more cost-effective, bank wealth management products or certificates of deposit?
Which is more cost-effective, bank wealth management products or certificates of deposit? This needs to be determined according to the investor's own investment needs. There are some differences between bank wealth management products and certificates of deposit in terms of expected income, liquidity and risk.
From the perspective of expected income, the expected income of bank wealth management products is relatively higher than that of certificates of deposit. The expected income of most bank wealth management products can reach about 5%, while the expected income of certificates of deposit is relatively low.
In terms of liquidity, certificates of deposit can be withdrawn in advance or mortgaged. Most bank wealth management products cannot be withdrawn in advance, and some can be transferred or pledged.
From the risk point of view, certificates of deposit are essentially time deposits of banks, so they are guaranteed capital and interest, and the expected income is fixed. Within 500,000 yuan, there is bank deposit insurance protection, and the expected income of bank wealth management products is floating. Without capital preservation and interest protection, the principal may suffer losses.
Generally speaking, the expected income of bank wealth management products is greater than that of certificates of deposit, but it is not as good as certificates of deposit in liquidity and safety. Investors can choose according to their own investment needs, and everyone's basic situation is different.
The above is about "Can bank wealth management products be withdrawn in advance? Which is more cost-effective, bank wealth management products or large deposit certificates? " Knowledge of. If you want to know more about financial management, you can click on the following courses to learn.