Recently, topics such as “The grabbing of large deposit certificates is crazy, and some depositors say they haven’t grabbed them in three weeks” have attracted attention. A few days ago, the reporter visited a number of bank outlets in Nanjing and learned that some large state-owned banks are currently short of large-denomination certificates of deposit, and some products are hard to find. However, many joint-stock banks and small and medium-sized banks said that they still have large-denomination certificates of deposit. When banks generally cut interest rates, the interest rates on large-denomination certificates of deposit have also dropped significantly, and large-denomination certificates of deposit above 3% are relatively rare.
Why are certificates of deposit in short supply and why are they so popular?
Large-denomination certificates of deposit are in short supply, and some products are hard to find
Recently, in public reports, large-denomination certificates of deposit have attracted attention. Many depositors said that large-denomination certificates of deposit are more difficult to buy, especially the three-year large-denomination certificates. A certificate of deposit is used to lock in relatively high fixed income.
According to reports, “grabbing a large certificate of deposit is even more difficult than killing a live broadcast room on June 18.” A depositor from Quanzhou, Fujian found that large certificates of deposit often “lighted up” in seconds. She reserved a three-year deposit with an interest rate of 3.05%. For the certificate of deposit product, the amount is released at 9:30 in the morning, and it is sold out when it is refreshed at 9:31. And Mr. Wang, who works in Beijing, couldn’t help expressing emotion when he talked about the large certificate of deposit of a private bank. “It’s too hard to grab! I haven’t bought any after waiting for more than a month!”
The so-called large-value certificate of deposit refers to a large-value deposit certificate, which generally has a higher interest rate than a time deposit of the same term, but the large-value certificate of deposit also has an initial deposit amount, and the minimum initial deposit amount is generally 200,000 yuan.
Because large-denomination certificates of deposit can enjoy relatively high returns, they are welcomed by depositors. On social platforms, there are many posts and videos that provide how to find the purchase channels and purchasing skills of large-denomination certificates of deposit. According to the survey data, although interest rates on large-denomination certificates of deposit are also falling, 32.1% of the respondents still favor deposit products represented by large-denomination certificates of deposit.
As interest rates fall, it is difficult for large state-owned banks to purchase large-denomination certificates of deposit
At the door of a bank in Hexi, a citizen, Ms. Guo, said that she recently received a sum of money and wanted to continue to save large certificates of deposit with better fixed income, but learned from several familiar financial managers that in the context of falling interest rates, Next, the interest rate of large-denomination certificates of deposit is also being lowered, and now there are relatively few large-denomination certificates of deposit above 3%, “I think, I will choose large-denomination certificates of deposit in the end. For a three-year product, in the end I will choose to save for a two-year product.”
On the morning of July 14, the reporter went to a branch of a joint-stock commercial bank on Yurun Street. The staff said that there were quite a lot of depositors asking about large-value certificates of deposit recently. Their bank has large-value certificates of deposit and the sales volume is also very good. According to the staff, at present, the interest rate of their bank’s large-denomination certificates of deposit varies according to the maturity of the deposit certificates. “The one-year interest rate is 2.2%, the two-year interest rate is 2.6%, and the three-year large-value certificate interest rate is 3.1.” %, the minimum deposit amount for large-denomination certificates of deposit is 200,000 yuan.” Citizen Mr. Yang told reporters that large-denomination certificates of deposit are in short supply now, and large-denomination certificates of deposit with an annual interest rate of more than 3% are even rarer. He introduced that under normal circumstances, the interest rates of joint-stock banks and some small and medium-sized banks will be slightly higher.
In another large state-owned bank, the staff said that large-denomination certificates of deposit have one-year and two-year terms, but there are no three-year ones for the time being. The annual interest rate of long-term large-denomination certificates of deposit is 2.35%. The reporter learned about some other large state-owned banks through the mobile banking APP and official website, and found that the interest rates of large-denomination certificates of deposit in large state-owned banks have almost dropped below 3%, which is relatively difficult to purchase. Some large-denomination certificates of deposit show that the amount is insufficient, and some show that the product type is not sufficient, and some large banks directly do not have large-denomination certificates of deposit for purchase. Generally speaking, it is difficult to purchase some products of large-denomination certificates of deposit. The highest interest rate of large-denomination certificates of deposits of large state-owned banks is generally around 2.9%, which is still somewhat different from the annual interest rate of some large-denomination certificates of deposits of some joint-stock banks of about 3.1%.
Why are large-denomination certificates of deposit favored?
Not only individuals favor large-denomination certificates of deposit, but even some listed companies have begun to purchase large-denomination certificates of deposit. Statistics show that as of July 6, 178 listed companies have issued entrusted wealth management announcements involving large certificates of deposit this year. Taking a listed company as an example, a recent announcement stated that it plans to use idle raised funds of no more than 7.8 billion yuan for cash management, and the product to be invested is a large-denomination certificate of deposit, with a holding period of no more than 12 months.
Jiang Zhaoyi, deputy director of the Jiangsu Provincial Financial Research Institute, said that there are two main reasons for the popularity of large-denomination certificates of deposit and even the phenomenon that it is difficult to find one. However, the relative interest rate is high, so depositors will actively choose large-denomination certificates of deposit. On the other hand, the funds raised by some listed companies from the capital market or free and idle funds are not used for other capital investments, but are also used to purchase large certificates of deposit, which affects the financial management motivation of individual depositors. In addition, investment channels such as stocks are relatively risky , It will also push individual depositors to buy large-denomination certificates of deposit with high and stable interest rates.
People in the banking industry contacted by the reporter said that when issuing large-denomination certificates of deposit, issuers should file for the record in accordance with regulations, and if they need to adjust the annual issuance plan, they should file again. The issuance plan of the large-denomination certificate of deposit will be temporarily adjusted according to the situation, and the interest rate of each issue may also be different. If the large-denomination certificate of deposit product reaches the target amount, the issuance will be terminated.
According to experts, the advantages of large-denomination certificates of deposit will be reduced with the continuous reduction of deposit interest rates. At present, large-denomination certificates of deposit are extremely popular. The key is that for ordinary depositors, large-denomination certificates of deposit are still very stable and reliable investments. channel. Experts suggest that for a family, it is still necessary to adjust the investment mentality and balance the relationship between income and risk. You can consider appropriate allocation of other investment methods besides deposits, and do not put all eggs in one basket. investment expectations.
Nanjing Daily/Purple Mountain News reporter Wang Guojun
2023-07-17 01:58:00
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