Transferability of certificates of deposit refers to transferable certificates of deposit, which is a financial product issued by commercial banks and a deposit certificate of depositors in banks. The certificate of deposit itself has a fixed deposit term, and transferability means that the certificate of deposit can be transferred before it expires, thus helping the holder of the certificate of deposit to obtain funds quickly.

depositors can go to the bank to handle the transfer of certificates of deposit, and the bank provides information release, fund settlement and other services, and generally no handling fee is required during the transfer process. Some banks have also opened online banking transfer functions, such as Minsheng Bank and Ping An Bank.

Extended information:

What's the role of the transfer of certificates of deposit

1. Get the funds back quickly

All certificates of deposit have a certain maturity, ranging from one month to five years. If you need money urgently on the way, you can choose to withdraw it in advance before it expires, but you will lose part of the expected interest income. Transfer of certificates of deposit is another way to get money back quickly, and the loss of interest is smaller than that of early withdrawal.

2. Earn spreads

When a customer holds a short-term working capital, the expected interest income is relatively low if it is deposited as a demand or purchased from a money fund. If you deposit as a certificate of deposit, you can enjoy the expected high interest rate income of the certificate of deposit on the one hand, and sell it in the middle, without affecting the liquidity of funds on the other hand. The issuance of certificates of deposit is limited, and even some banks have stopped selling new certificates of deposit, so it is not difficult to transfer certificates of deposit.

what's good about certificates of deposit?

The impossible trinity of financial products is well balanced in terms of yield, liquidity and safety.

(1) High yield

Compared with time deposit products with the same term, the interest rate is more competitive.

If the withdrawal is made in advance, the interest will be calculated by stalls, which is higher than that in deposit interest rate.

Compared with the money fund, the income of the money fund fluctuates and has been declining recently.

and large certificates of deposit, such as those with a three-year term, can lock in a long-term income.

(2) Good liquidity

There is no need to worry about the liquidity of certificates of deposit.

it can handle all or part of early withdrawal and pledge loans, and also support transfer between individual customers. It can be accepted at bank outlets, online banking and mobile banking.

(3) Strong security

Large certificates of deposit are deposits, with principal and interest guaranteed, and there is no risk of loss of principal and income.

ABC's certificates of deposit can be withdrawn in advance.

if the deposit certificate account is in a normal state, the principal and interest will be automatically returned to the debit card master account at maturity; It can be withdrawn in advance and partially withdrawn in advance, and the interest is calculated by relying on the file in advance, and the listed interest rate is applicable.

certificates of deposit are general deposits, which can be withdrawn in advance or used for pledge business. Its greater advantage is that it can be transferred in the secondary market and has strong liquidity. However, customers will start to accrue interest from the day they purchase the certificate of deposit, and only full early withdrawal is supported during the issuance period and the product duration after the issuance period, and partial early withdrawal is not supported.