Before the fixed deposit, the calculation of interest rate was based on the benchmark interest rate of the central bank, and then it was reformed, and banks can also do it. In the process of automatic transfer, the interest rate is unchanged from the previously signed interest rate, so in this case, your own interest will increase with time. Therefore, it is suggested to go through the withdrawal procedures in time after the time deposit expires, then take out this part of the money and interest, and then find other suitable wealth management products. Avoid the difficulty of capital flow because there is no way to take out or use the money after transfer.
Choosing the right financial product Time deposit is a relatively stable financial product, but low risk also means low yield. Moreover, in the process of time deposit, if you want to use money, then the interest rate is calculated according to the current period, which is actually meaningless, so people are advised to choose. You can leave some money on hand before time deposit, which can better deal with the problem of needing money in daily life. Compared with the low liquidity of time deposits, bond funds can be chosen.
To sum up, people must divide their property into several parts and distribute them, so as to avoid risks and generate certain benefits, thus helping them to better deal with property problems. If it is only placed in one place, the ability to resist risks will decline.