Since it is a structured deposit, the income of 5.2% refers to the expected income rather than the fixed income, which means that you may get the income of 5.2% or less after maturity, depending on the performance of the linked product.
From the description of this product, there are several main protection points:
The first point is the guarantee of principal 100%, that is to say, no matter how the linked products perform in the future, the principal of 100% can be recovered;
The second guarantee is to ensure income. According to the description of this product, the guaranteed income is 2. 17% annualized and the floating income is 0% to 3.03% annualized. In other words, no matter how the linked products perform, you can get an annualized income of 2. 17%, which is similar to the current one-year time deposit.
Third, from the historical performance of the product, the guaranteed income is 100%, so it is relatively reliable simply from the historical performance of the product.
First of all, we must understand that structured deposits are not ordinary deposits and are not protected by deposit insurance regulations. Although banks advertise that structured deposits can guarantee capital preservation and guaranteed income, there are still some risks in structured deposits. If the linked products do not perform well, not only the income may be zero, but also the risk of principal loss may occur.
As can be seen from Langfang Bank's description of this structured deposit, this structured deposit is linked to the three-month US dollar London Interbank Offered Rate.
The final income depends on the performance of the Bank of London in offering interest rates. If the price level of the linked target fails to break through the fluctuation range or the upper/lower limit, the depositor can get full floating income. If the price level of the linked target exceeds the fluctuation range or upper/lower limit on the due observation date, only the guaranteed income will be obtained.
Of course, this so-called guaranteed income is only normal. In case of extreme situations, the income may not even be guaranteed, which has been clearly indicated in the product risk warning:
In short, structured deposits have certain risks, so whether to invest in this product must be carefully considered.
This reason is mainly because Langfang Bank, a structured deposit product, is directly provided by the bank with products and services, which is quite different from our purchase of Yu 'ebao or other wealth management products.
We buy Yu 'ebao or other wealth management products, which are generally sold directly by Alipay and can be bought directly through Alipay.
However, as the structured deposit of Langfang Bank is a service directly provided by the bank, Alipay should only be an entrance, and there is no agency qualification. So when we want to buy this product, we must put the money into Langfang bank account. Therefore, before buying, we need to open an electronic account in the bank before we can transfer funds and trade directly with the bank. Fortunately, there is no charge for opening an electronic bank account.
Let's first understand the background of a Langfang bank. 2003-20 13 is the rapid development of city commercial banks 10. Established in 2000, Langfang City Commercial Bank, under the leadership of Li Dehua, Chairman of the Board of Supervisors, seized the opportunity to open several branches in Langfang City, and its strength has been continuously enhanced. Li Dehua is not satisfied with the status quo and thinks that the era of lying down to make money will not last long. Enterprises must make long-term development plans. After all, a bank's product innovation ability is limited, so it is king to find more "friends" to keep warm. So under the leadership of Li Dehua, Bank of Beijing successfully introduced strategic investors in 2008. Langfang is a commercial bank, officially renamed Langfang Bank, which was the first case of city commercial banks in Hebei Province at that time. Focusing on the present is also a pioneering work.
Why do you want to say this background, mainly because Langfang Bank is not satisfied with the status quo and is driven by lying down to make money and thinking about innovation. Therefore, we can see that both the previous strategic cooperation with Bank of Beijing and the current cooperation with Alipay are enterprising and innovative measures.
The cooperation with Alipay may kill two birds with one stone for both parties. After the new financial regulations, banks broke the rigid payment, and the advantages of many wealth management products no longer existed. However, some city commercial banks and private banks quickly withdrew with the advantage of deposit interest rate, and platforms including Jingdong Finance also quickly launched private banking products, so Alipay introduced Langfang Bank to attract customers' stock and enrich product diversity. Langfang Bank, on the other hand, spreads its influence through Alipay, establishes its popularity and attracts depositors.
It says so much, it seems that there is no product. However, in this context, Lao Guo feels that it is more meaningful to analyze the products, and it will also have considerable reference significance.
As far as products are concerned, everyone knows that it is a structured deposit. Structured deposits usually have a principal guarantee of 100%, and the risk borne by customers is only possible interest loss, and there will be no principal loss. Judging from most of the previous structured deposits, the expected rate of return can be achieved, while the structured deposits of Langfang Bank, with extensive cooperation with Alipay, have a higher probability of expected redemption.
Of course, compared with other structured deposits, the income of Langfang Bank is relatively high, but compared with ordinary deposits of some private banks, it is not the highest. In other words, its cost may not be the highest, but the reason why it is relatively high in expected income is mainly to attract customers, attract attention and win.
We should be soberly aware that Alipay is a third-party payment platform and will increasingly become a "window" for various products in the future, promoting and selling various products such as banks, insurance and funds. Instead of being a "producer" of products such as Yu 'ebao in the past (although the Yu 'ebao we mentioned before is actually the Yu 'ebao Monetary Fund of Tian Hong Fund, after all, they are all a family with a name).
Then back to the question itself, why do you want to open an electronic account of Langfang Bank? Because this product is a structured deposit or wealth management product launched by Langfang Bank, the products and services provided by Langfang Bank must be purchased through Langfang Bank according to regulations. Alipay is not qualified and has no right to sell this product. The so-called transfer you see is actually a channel for willing investors after Alipay is promoted. It's not that Alipay sells products to you, but that you transfer and trade funds directly with the bank, so you must open an electronic bank account.
As to whether it is reliable, according to its product manual, the principal 100% is safe, the guaranteed annualized income is 2. 17%, the floating income range is 0-3.03%, and the linked target is the three-month London Interbank Offered Rate, which is risky and may not reach 5.2%.
If you say this product is unreliable, I think different people have different opinions.
No matter which platform it is found on, it is impossible to surpass some common sense. The pervert is a demon! Official website of Langfang Bank shows that the one-year time deposit rate of Langfang Bank is 2. 175%, and the five-year time deposit rate is only 4.75%. 5.2% is impossible. Unless this is not regular but financial management.