One-year deposit in private bank
If this is a one-year deposit business of private banks, I can tell you for sure that it is quite reliable.
The deposit business of private banks, and the only one with an annual interest rate of 5%, is smart deposit. There is a probability that the annual interest rate of smart deposits in private banks is so high. Other deposit businesses, such as demand deposits, time deposits and certificates of deposit, do not have such high interest rates.
If the one-year annual interest rate is determined to be the smart deposit of private banks, the deposit business is basically risk-free and the principal and interest are guaranteed. It's good that the deposit business can give you an annual interest rate of 5%. You can safely deposit it boldly.
One-year wealth management products of private banks
The overall taste of wealth management products of private banks is low-risk, medium-low-risk, medium-risk, medium-high-risk and high-risk. The risks of wealth management products at each level are different, and the benefits are also different.
According to the analysis of 20 19 private bank wealth management products, the one-year interest rate of your private bank wealth management products is 5%, which is definitely above medium risk or high risk. Therefore, if calculated according to the risk level of bank wealth management products, your high probability belongs to the bank's wealth management products.
If you say this is a one-year wealth management product of a private bank, it is uncertain whether it is reliable. I can only say that the deposit business of private banks is not so reliable. The one-year annual interest rate of 5% is relatively high. Since it is a high-risk wealth management product, the risk of the principal is certain, and the agreed interest rate is not so high, so I personally think that you are unreliable and should be cautious in investing and managing money.
In short, both private banks and other state-owned banks, joint-stock banks and other wealth management products should be cautious in investment, and should not blindly pursue high-yield wealth management products. In the end, the interest will not get the principal and there will be losses, which will eventually outweigh the benefits. It is not reliable to know the risks of any wealth management products before deciding whether to buy them.