How to transfer large deposit certificates?
Large deposit certificates can be transferred directly on the mobile banking APP. Find the deposit item and follow the system prompts. You can also go to the bank to transfer money.
For the transferor, it is easier to make a deal by transferring profits, and the transferred amount shall not be lower than the initial deposit amount of the certificate of deposit. Some certificates of deposit cannot be transferred through mobile banking or online banking, but can only be processed at the counter, and some certificates of deposit do not support transfer. But sometimes someone may not transfer it, so at this time you can only continue to hold it or redeem it in advance, losing some interest.
The transfer of certificates of deposit refers to the transfer of unexpired certificates of deposit held by investors to other investors at a premium or discount.
Transfer interest of certificates of deposit = principal * retained annual interest rate * actual deposit period, and transfer price of certificates of deposit = principal+interest. The retained annual interest rate refers to the adjustment within the scope allowed by the bank on the basis of the actual interest rate of the original product.
What investors need to be reminded here is that certificates of deposit with regular interest payments are non-transferable. At present, only certificates of deposit with interest due can support the rollover operation.
What are the risks?
1, loss of income
The transfer of certificates of deposit will reduce the transferor's income, and the transfer is generally a discount transfer, which will cause certain losses, but for the receiver, it may not be able to obtain all the income.
2. Changes in interest rates
During the term of the certificate of deposit, the interest rate will also change with the change of the market, so this may make the interest rate of the certificate of deposit lower than that of deposit interest rate.
3. Foreign exchange transaction risk
When the user transfers the certificate of deposit, the transaction will hang out of the market. At this time, the certificate of deposit is frozen, so the transaction may not be successful, which also requires investors' special attention.