Is the interest on bank deposits high or the interest on Yu 'ebao high?

The interest rates of Yu 'ebao in Alipay and Yu 'ebao in bank deposits are relatively high, but they cannot be compared. First of all, bank deposits are safer than Yu 'ebao, because Yu 'ebao is actually not a deposit, but a purchased fund, which is theoretically risky. In fact, banks also have similar wealth management products, and the income is even higher than that of Yu 'ebao, so in fact, the two are not comparable.

The interest rate of Yu 'ebao is higher than that of one-year fixed deposit in the bank. Yu 'ebao is settled on a daily basis. You can withdraw money at any time. The account will be received within two hours, and the cash will be withdrawn to the bound bank card without any charge.

Deposits that cannot be withdrawn before the specified date after deferred data deposits, or deposits that must be notified to the bank several days before they are ready to be withdrawn. The term can range from 3 months to 5 years, or exceed 10 years. Generally speaking, the longer the deposit term, the higher the interest rate.

Traditional time deposits include not only certificates of deposit, but also passbooks, also called passbook time deposits. However, 90 days is the basic interest-bearing days, and no interest will be calculated after 90 days. Compared with demand deposits, time deposits are more stable and have lower operating costs, and the deposit reserve ratio held by commercial banks is correspondingly lower. Therefore, the capital utilization rate of time deposits is often higher than that of demand deposits.

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