I heard that banks have introduced a new type of deposit product called "Special Deposit." Is it any good? Can it be deposited?
When it comes to special deposits, many people may feel unfamiliar and unsure of what this service is. Today, let's carefully analyze it for everyone to see whether this type of deposit is good or not, and what the differences are compared to common fixed deposits, large-amount certificates of deposit, and other services. Whether it's worth buying, you'll know after watching this episode.
First, it's important to clarify that since it's called a special deposit, it indeed belongs to the category of deposits. Of course, the principal and interest are guaranteed without any issues, and it also enjoys the protection of the national deposit insurance system up to 500,000 yuan, so it is a very safe product.
Based on this premise, let's delve into its several characteristics.
Strictly speaking, special deposits do not exist in the official lexicon, but recently, major banks have been launching their own special deposits. So, what's going on?
I recently casually checked out the online banking of a bank and found some issues. In fact, the so-called special deposits are just some innovations based on regular fixed deposits, and of course, these innovations comply with the relevant national requirements.
For example, as the 2022 Spring Festival is approaching, some banks will introduce "Festival Certificates," depositing a commemorative amount of 2022 yuan, or on Valentine's Day, depositing a fixed deposit of 1314 yuan. When banks introduce these deposits, the interest rates are slightly higher than those of regular fixed deposits. This way, everyone can enjoy higher returns and also make a deposit with commemorative significance, which is very considerate.
Of course, in addition to similar festival deposits, some banks have also introduced many other innovative special deposits, such as depositing a certain amount every month, and upon maturity, receiving a lump sum with commemorative significance. These are all forms of special deposits.And for some VIP customers, many banks will also introduce some high-yield, high-starting deposit products, similar to the large deposits we mentioned earlier, which also have very good returns.
Hearing this, everyone might understand that the so-called special deposits are actually improved term deposits. This is also after the interest rate marketization, banks have a certain degree of interest rate autonomy, and they can formulate and launch some special deposit products according to their actual situation and customer needs. The main purpose is still to achieve the goal of "attracting deposits". The previously popular smart deposits also belong to this category, but later some deposits did not comply with the relevant national regulations and were stopped.
So can special deposits be deposited?
Of course, this kind of deposit that has little risk, high interest rates, and can be flexibly changed according to the actual situation, can certainly be handled.
In short, in the current period of interest rate decline, the deposit interest rates of various banks are generally low. If you want to get high returns, you still need to put in some effort, carefully study and understand the products of various banks, and see which one is suitable for yourself, which is the most important.
So similar to the special deposits mentioned above, they can still be chosen. Next time we will talk about another product: "Exclusive Deposits". Friends who want to know, please pay attention to me, see you next time.
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