Are large deposit certificates risky? What's the difference between certificates of deposit and time deposits?

A certificate of deposit can also be said to be a time deposit. It is a large deposit certificate issued by a bank to individuals or other non-financial enterprises or groups. Deposit certificates have a certain investment threshold. So, is the bank deposit certificate risky? Let's take a look!

Is the bank deposit slip risky?

Banks' large deposit certificates also have certain risks, but the risk of large deposits is relatively small, and they enjoy the protection of the central bank's deposit insurance system. The principal is less than 500 thousand. Even if the bank goes bankrupt, the state will pay the bill. It can also be said that large deposits of banks can basically belong to risk-free wealth management products, and they belong to first-class low-risk wealth management products in terms of risk coefficient.

However, there are still national credit risk, policy risk and income risk in large bank deposits, but the probability of risk outbreak is extremely small. Compared with other wealth management products, large bank deposits are still very safe and more suitable for stable investors.

What's the difference between certificates of deposit and time deposits?

1, investment threshold is different.

The starting point for investors to purchase certificates of deposit is 200,000 yuan; But time deposits can only be deposited in 50 yuan.

2. Different interest rates

The interest rate of certificates of deposit will be a little higher than that of ordinary deposits.

3. Different liquidity

Large certificates of deposit can be transferred, withdrawn in advance or redeemed, but time certificates of deposit can only withdraw principal and interest after maturity. If you want to withdraw in advance, you can only pay interest at the current interest rate.

4. Different deposit terms.

Usually, certificates of deposit have six maturities, which are three months, six months, one year, two years, three years and five years, while certificates of deposit have nine maturities, which are one month, three months, six months, nine months, one year, eighteen months, two years, three years and five years respectively.

5. The convenience of deposit is different.

Time deposits can be deposited at any time, but large certificates of deposit can not be deposited until after they are issued.