Bank rate adjustment on september 6th? Two hundred thousand for three years
Well, i'm just a market man who brings you up to date every day
In the recent past, there has been widespread news in the short video and twitter community that on september 6, the bank of commerce and industry had to lower the deposit rate. A lot of ordinary people with hundreds of thousands and 200,000 savings get nervous. Some people are in a hurry to line up at the bank and try to catch interest rates before the interest rate is reduced; others are prepared to wait until interest rates are set。
One of the most asked questions: how much interest would be paid if it were now deposited in a business bank for three years? There are a variety of algorithms on the internet, some say over 7,000, others say over 9,000, and ordinary people become more confused。
Today, we will separate the rumours from the official information, without creating anxiety, without exaggerating interest rates, in plain language, all the doors in the deposit, all the way through the savings, all the way to the 200 grand in the amount of three years, all the way through the most easy pits for ordinary people, and finally, we will think about saving money on the basis of different family circumstances. To begin with, the most important premise is that, as of today, neither the network of business bank officials nor the official passenger service have issued an official announcement on september 6th of the national uniform adjustment of the interest rates on deposits. The internet news is a market rumor, and the final interest rate must be based on the announcement of the day’s mobile bank and offline。
Many senior and middle-aged friends rush to the bank with a few short video clips, do not see the type of product in their head. They only wanted to keep a fixed term and eventually buy money, insurance, and a few years later they found a principal loss, and it was difficult to defend their rights. There are two things to be distinguished: first, a single line adjustment of the registered interest rate will be posted on the internet and will not be silent on a temporary basis; and second, a small amount of prior upswings, which are a partial phenomenon and do not amount to a national reduction in interest rates, will be quietly eliminated by individual regional networks in order to control the size of their deposits。
It is also common sense that mobile banking shows a base interest rate on the headline listing, that the line-down point can float to the extent permitted by the policy, that the floating space is small, usually 0. 05 percentage points = 0. 1 percentage points, and that it does not believe that the internet hearsay point has a three-year interest rate of more than 2 per cent。
This is why many people miscalculate interest rates。
First, the established interest rate: the network of tradesmen, the basis rate of the app publicity, the national standard of reference, and the strict application of online deposits. The current current current current period is 0. 1 per cent, with a regular one-year period of 0. 95 per cent, 1. 05 per cent in two years, 1. 25 per cent in ordinary totals over three years and 1. 3 per cent over five years。
Second, network implementation rates: some of the sub-linear branches have a small ups and downs for large customers, but there are no uniform standards, and it is best to call the network before saving money。
Third, large bill interest rates: regular deposits, protected by deposit insurance, with a threshold of 200,000, with interest rates slightly higher than the normal three-year fixed-term; products sold in batches limited to a limited amount, sold down the shelf and not readily available; large three-year bank statements are generally in the 1. 5%-1. 55% range, which is based on real-time ap products。
The interest base formula is simple: interest = principal x annual interest rate x years of deposit, which only applies to term deposits due and payable after maturity. Interest losses are very high when paid early and regularly at the current interest rate of the day。
The principal sum below is based on the sum of $20,000, divided into five common methods of saving, and is calculated in real terms for three years, with clarity as to who is and what is on the basis of each method。
The difference between the earnings of one or five storage methods is nearly $9,000 for the same 200,000 three years
Option 1: 200,000 in bank card demand, three years
Current annual interest rate of 0. 1 per cent
Interest = 200000 x 0. 1% x 3 = 600 yuan。
Two hundred thousand dollars in three years only gives rise to 600 interest。
Suitable to the population: the money is a family emergency reserve, ready to be accessed and stored for short periods。
Disadvantages: very low returns. In reality, hundreds of thousands of people have been lying in demand accounts for a long time without interest。
Option 2: regular round-the-clock, three-year direct storage, one-time exit
Calculated at 1. 25 per cent of the established annual interest rate:
Interest = 200000 x 1. 25% x 3 = $7,500。
The total interest due for three years is $207,500。
For the next three years, it has been determined that the money will not be used at all and that it will be the simplest way to save money。
Risk point: urgent payments are made in advance, all at current rates. By way of example, two years and 10 months of saving, interest was only over 400, and more than 7,000 were directly lost. This was the highest-ever error on the part of the depositor, depending only on the high interest rate and the lack of advance time。
Option 3: annual cycle, annual expiry date, automatic spin-off of hype, rolling for three years
The interest rate is 0. 95 per cent for the one-year period。
First year interest: 200000 x 0. 95 = 1900, total principal interest 201900
Interest for the second year: 201900 x 0. 95% ≈ 1918, principal interest 203818
Interest for the third year: 203818 x 0. 95 ≈ 1936
Total interest for three years is approximately $5754。
This compares with a three-year one-time period, with a reduction of $1746 in interest。
Many online bloggers advocate not to be long-term and more flexible every year, with the premise that only a significant increase in future interest rates will be possible. If interest rates continue to go down, the annual rate of continuation becomes lower and the yield doubles. This can be done if the funds are to be spent for a period of 1 to 2 years; it is determined that three years will not be required and that the three-year direct savings will be higher。
Option 4: two-year fixed-term, one-year maturity, three years
1. 05 per cent interest rate for the biennium。
Interest for the first two years: 200000 x 1. 05 per cent x 2 = 4200, principal rate 204,200
Interest for the third year: 204,200 x 0. 95 = 1939. 9
Total interest for three years is $6140。
Gains range from one year's rolling to three years'set-off and remain less than directly three years ' fixed-term。
Programme 5:2 million purchasers ' three-year large bill of deposit (just below threshold)
Assumptions of 1. 55 per cent per annum for the three-year period
Interest = 200000 x 1. 55% x 3 = 9,300。
The principal interest due is $209,300, which is $1,800 more than the regular three-year period。
There are three key points to remember:
Not always available, in batches, which may be bought today and sold out tomorrow
2. Deposits, up to 500,000, are covered by deposit insurance, maintenance of interest, and financial insurance
3. A part of a three-year period of large billing support line transfers, which can be transferred to other depositors in the event of an urgent need for money, without the need to collect interest in advance, is its greatest advantage。
The five options are summarized as follows: a current period of $600, a rolling year of $5754, a 2+1 deposit of $6140, an ordinary three-year saving of $7,500 and a three-year large deposit sheet of $9300。
The same 200,000, with a maximum interest difference of $8,700 over three years, is different. Many people have lost their money, not their principal money, but their products without advance planning deadlines and blind choice。
Ii. Where did the news of the 6 september drop come from? People don't panic blindly
Interest rates on deposits have been low in recent years, with many old depositors remembering the three-year period of 3-4 per cent set 10 years ago, and now the three-year-old state-owned bank is only 1. 25 per cent. As soon as the interest rate falls online, there will be an immediate accumulation of money。
This 6 september news of a fall in interest rates was the result of recent small and medium-sized bank interest rates, which have been reduced slightly by medium- and long-term deposits, and the expectation that prevailing interest rates in the market will continue downward, with vague precalculation creating precise dates for short video dissemination。
In the past six rows of interest rate adjustment, a uniform reduction in state-owned majors is generally made public in advance and is not suddenly scheduled for implementation on a given date. A simple way to tell you the truth and the truth:
No short video clips to hear the news
2. Open daily bank deposit pages on the bank's mobile phone to see the registered interest rate
3. The official response is based on an undetermined call for 95588 passengers or an offline consultation。
The two realities need to be distinguished:
(a) first: the interest rate of the head office is unchanged, the small interest rate for older customers was increased prior to the cancellation of the individual points and was autonomously regulated by the points and not reduced nationally
The second is the official downward adjustment of the interest rate for the head office and the simultaneous issuance of bulletins by the official network and the press。
It's the most taboo to be impulsive when you hear the wind. Many senior depositors are in desperate interest rates, are recommended for long-term annuity insurance by their staff when they arrive at the counter, make an oral commitment of high interest, and sign only to discover a loss of principal in previous years, making it difficult to defend their rights。
Iii. Five error zones for ordinary people to save their money for high-frequency pedals
The calculation of interest is only the basis, and in reality the loss of interest, the pits, is largely not a matter of counting, but of being misled by inherent thinking and sales rhetoric。
Mistake 1: just staring at interest rates, not considering when to spend money, blindly and permanently
Many people have heard of three years of high interest rates, with 200,000 in their hands being saved directly for three years. After two years, family visits, the purchase of a house for children, and the school attendance of children are sorely needed that they can only be paid in advance, at a current rate, and the income is lost directly over the years。
First principle of deposit: allocate the time of use of the funds and then select the life of the funds, not the other way around。
A simple and optimal approach would be to deposit in the stairs: 200,000 in three, 70,000 in one year, 70,000 in two years and 60,000 in three years. Each year there is a deposit due, with a part of long-term interest being set aside, a flexible fund being available each year, and even if only one amount is urgently spent, the two remaining periodic interest will not be affected。
Misdirection 2: uncertainty of deposits, financial management, insurance, misappropriation of insurance at high interest rates
The products in the bank hall that were verbally “for three years, with high interest” were not necessarily deposits。
- term deposits, large certificates of deposit: certificates of deposit, deposit accounts, deposit insurance mark, up to 500,000 copies
- net value management: fluctuations in proceeds, with potential for loss of principal
- old-age insurance, an increase in life expectancy: the five previous years had lost the principal, holding a significant gain for more than a decade。
Practical reminder: the counter works to confirm that there is a time deposit, a large deposit sheet and then leave; mobile bank operates only in the [deposit] field and does not need to open a bank account or a safe. Before signing, ask whether this is a bond deposit that can be removed at any time。
Mistake 3: two extreme mentalities: all-line long-term down interest or zero-sum non-fix
The two kinds of voices on the internet are now extremely extreme: some people say they will immediately drop interest rates, lock all savings for three years and five years; another group predicts that interest rates will rise, that none of the long-term deposits will be touched and that all of them will be put on call。
Neither approach is appropriate for ordinary families. Reasonable funding allocation:
3 to 6 months of living at the imf or current contingency; 1 to 2-year periodic deposits of funds planned for 1 to 3-year periods; and 3 to 3 years of total idleness, with consideration being given to three-year periodic or large bank statements。
Don't be desperate, and don't let it all go down。
In case of error, less than 45 million dollars in security, all the money is in one bank
The rules for deposit insurance are that the same person will pay in full up to 500,000 principal and interest in the same bank. The sum of 200,000 principals is in itself secure; however, if the subsequent accumulation increases to 600,000 and 700,000, it is recommended that it be split between two banks。
Do not blindly believe that small banks produce ultra-high interest rates. Conservative depositors give priority to state-owned and local formal agricultural businesses。
Error area 5: auto-transmittance of drawings, unattended for years
Many have regularly checked for automatic transfers, after which banks continue at the established interest rate on the date of the transfer. If the interest rate is reduced during this period, the rate of automatic conversion will be lower than in the previous period。
It is recommended that interest rates be viewed three to five days before the maturity date, and that it be decided to continue to save, remove or replace the product and not allow the system to continue automatically for several years。
Iv. Three killing programmes in the context of yourself, for further reference
Household expenses, money plans and risk acceptance vary from one person to another, and there is no one-size-fits-all model, which gives a landing programme according to three groups of people。
First: it is extremely conservative, it cannot accept the loss of principal and it will not be used for three years。
First, the app opens the shop to see whether there are 200,000 high-value transferable bills for sale over a three-year period, giving priority to the purchase of large-value bills; without a maximum of three years of general access. An additional 20-30,000 is provided for free cash management and call-backs, not to be completely locked. It is now expected that more than 7,000 dollars will be spent on three years of deposits, and it is no illusion that more than 3 per cent of the income will be accrued on a risk-free year。
Second: funds are likely to be used over a period of 1 to 2 years and do not want to be completely locked。
The stairway deposit method was used to divide 200,000 deposits into one-year, two-year deposits, with one fund due each year; the remaining small amount was kept in a flexible manner, without three years of long-term deposits. I'd rather have less interest and more liquidity。
Third: 200,000 are long-term inactive funds, not needed for more than five years, able to accept very low risks and want small gains。
The bulk of the money is used to bottom up the deposit; a small portion of the money can buy the savings state debt; and there is a basic financial awareness and a small amount of low-risk solid revenue, without exposure to stocks and high-risk products。
V. A rational view of the downward trend in interest rates and changes in the positioning of deposits
The time has passed since a decade ago when many people subsidized households with deposit interest. The slow downing of interest rates is a big environment in which ordinary people adjust their mentalities: the first objective of the deposit is now to keep the principal, to set aside the contingency money and not to count on interest on the deposit。
Two hundred thousand dollars in fixed-term interest of $7,500 for three years, or an average of 2,500 dollars per year, can only subsidize a small amount of daily expenses and cannot be considered as stable income. Family asset planning is tiered: contingency money, deposit money and a small mix of robust value added products. Don't look at other people's earnings and invest。
Returning to the rumour that the interest rate fell on 6 september at the beginning: the news was not officially confirmed and there was no need to save money in a panic. You don't have to catch up with the so-called interest-rate points, and you can plan with money when you want. The rise and fall in interest rates are a market phenomenon, and it is difficult for ordinary people to move precisely to the lowest and the highest point, rather than follow the news daily, to make their own financial allocations。
Summary
Two hundred thousand dollars are deposited in the bank of commerce and industry for three years, and the final interest depends on the type of deposit: several hundred dollars in demand, over 5,000 dollars in short rolling, 7,500 yuan in regular three-year fixed-term, and 9,300 yuan in high-value bills for the three-year period。
On the internet, the news of the 6 september flat-rate reduction at the workshop has yet to be heard, and all is subject to official announcements. Priority is given to the separation of deposits, financial management, insurance, term planning and balancing of returns and liquidity. Reduced income expectations in low interest rate environments and priority for retention。
Topical discussion: if you have 200,000 free money, will you keep it directly for three years on a regular basis or a part of it in a flexible reserve? Have you noticed any changes in bank rates lately? A rational exchange of comments would be welcome, and the content would be useful for some attention。
