1. Agreement deposits refer to deposits of more than five years (excluding five years) handled by commercial banks as legal persons, Chinese-funded insurance companies as legal persons and the National Social Security Fund Council, the interest rate level, deposit term, interest settlement and interest payment methods, default penalty standards, etc. , determined by both parties through consultation.

Features and advantages: 1, increase the use channels of social security funds and insurance funds; 2. Obtain long-term and stable interest income; 3. It is beneficial for commercial banks to obtain long-term and stable sources of funds.

Relevant regulations: 1, the minimum initial deposit agreed by insurance company is 30 million yuan, and the minimum deposit agreed by social security fund is 500 million yuan; 2. Agreement certificates of deposit can be used as financing pledge.

Second, the unit agreement deposit

It refers to a deposit in which enterprises and institutions reserve business funds in their accounts after obtaining the consent of the bank and calculate interest at the deposit rate agreed by the unit. At present, our bank only provides RMB agreement deposits. along with

Fuzhou Branch: According to the regulations of Shanghai People's Bank, the agreed deposit reserve must be more than 500,000 yuan.

The agreement deposit business is managed by the AB agreement account, that is, the agreement deposit business is handled by the virtual secondary A account and B account under the original settlement account of the unit that started the agreement deposit, in which the A account is used for the management of demand deposits below (including) the business reserve amount, and the B account is used for the management of agreement deposits above the business reserve amount. The original settlement account is called AB agreement account.

When applying for agreement deposit, the account opening unit shall sign an agreement deposit contract with China Merchants Bank, and stipulate the contract term, which shall not exceed one year (inclusive) at the longest. If either party fails to submit a written application to terminate or modify this contract when it expires, it will be deemed as an automatic extension.