Which is the higher interest rate compared to banks

Generally it is the balance of the treasure will be a little higher returns. Deposit more than three years then choose the bank term.

The average seven-day annualized interest rate of the balance treasure in the last month is 3.23%, while the bank's current interest rate is now 0.35%, and the interest rate of the whole deposit for three months is 2.10%, the interest rate for six months is 2.31%, the interest rate for one year is 2.53%, the interest rate for two years is 3.00%, and the interest rate for three years is 3.50%.

From the comparison of interest rates with the bank can be seen, the bank time deposits for three years before the interest rate exceeds the balance of the treasure, and the balance of the treasure's interest is paid by the day and is compounded, and can be taken out at any time, does not affect the interest rate, the bank's time deposits, once removed, will be calculated according to the interest rate of the call, the balance of the treasure of these advantages is the bank can not be compared to.

Deposits can be categorized in a variety of ways, such as according to the way they are generated can be divided into original deposits and derived deposits, according to the term can be divided into demand deposits and fixed-term deposits, according to the different depositors (in China, for example), it can be divided into units of deposits and personal deposits. Individual deposits, i.e., residents' savings deposits, are currency deposited in banks by individual residents.

Unit deposits

①Enterprise deposits. This is a state-owned enterprises, supply and marketing cooperatives and collective industrial enterprises, as a result of sales revenue with the time of the various expenditures do not coincide with the generation of temporarily idle monetary funds, including enterprises have been withdrawn without the use of the special funds, the most important of which is the depreciation of fixed assets fund, including profit retention.

Changes in corporate deposits, depending on the scale of production of goods purchases and sales of enterprises and business management conditions production or commodity flows expand, corporate deposits will increase, and vice versa, will decline; business management improvement, capital turnover accelerate, corporate deposits will decrease, and vice versa, will increase. Enterprise deposits in the vast majority of demand deposits, only a small portion of time deposits.

②Financial deposits. The bank agent of the state treasury, all financial revenue and expenditure must be handled through the bank (see the state treasury system). Fiscal revenue and expenditure in time is often inconsistent, in the case of the first after the expenditure, temporarily unused funds on the formation of financial deposits.

3 capital construction deposits for capital construction and has not yet spent the funds formed deposits

4 institutions, organizations, troops deposits. It is the above units from the financial centralized funds have not yet been used to form the deposit.

5 rural deposits. Collective agriculture, township and village enterprises and rural credit cooperatives in the bank's deposits, of which rural credit union deposits account for more than 90%.

New types of deposits are emerging in the world, such as negotiable large-value time certificates of deposit, negotiable payment order accounts, telephone transfer services and automatic transfer services, money market deposit accounts, etc. Among them, negotiable large-value time certificates of deposit are also developing in China.

Time deposits

The term "time deposit" refers to a kind of deposit in which the depositor can only withdraw the money on a specified date after the deposit is made or must notify the bank a number of days before the preparation of the withdrawal, and the term of the deposit can be from 3 months to 5 years, 10 years or more. Generally speaking, the longer the term, the higher the interest rate. Traditional time deposits are available in the form of certificates of deposit as well as in the form of passbooks, which are also known as passbook time deposits, but have a basic interest-bearing period of 90 days, with no interest accruing for less than 90 days.

Compared with demand deposits, time deposits have a strong stability, and lower operating costs, commercial banks to hold the reserve ratio of the deposit is correspondingly lower, therefore, the utilization rate of time deposits is often higher than demand deposits.

Time deposits are deposits in which the bank and the depositor agree in advance on the term and interest rate, and withdraw the principal and interest upon maturity. Time deposits are used for settlement or cash withdrawal from time deposit accounts. Customers who need funds temporarily can apply for early withdrawal or partial early withdrawal.

Demand deposits

Without any prior notice, the depositor can access and transfer a bank deposit at any time, in the form of checking deposit accounts, certified checks, cashier's checks, traveler's checks and letters of credit. Demand deposits account for the largest part of a country's money supply, but also an important source of funds for commercial banks. Given that demand deposits not only have the function of a means of payment and circulation of money, but also have a strong generating capacity, commercial banks must at all times make demand deposits the focus of their operations. However, because of the frequent access to such deposits, complex procedures, the cost of higher fees, so the commercial banks in Western countries generally do not pay interest, and sometimes even charge a fee.

Notice deposits

Notice deposits are deposits that do not have an agreed-upon deposit period and require advance notice to the bank of the withdrawal date and the amount to be withdrawn.

Individual notice deposits, regardless of the length of the actual deposit period, are divided into two varieties: one-day notice deposits and seven-day notice deposits, according to the length of the period of notice given in advance by the depositor. One-day notice deposits must be notified one day in advance of the amount of deposit agreed to be withdrawn, while seven-day notice deposits must be notified seven days in advance of the amount of deposit agreed to be withdrawn. The minimum starting deposit, minimum withdrawal and minimum retention amount for RMB notice deposit is 50,000 yuan, and the minimum starting deposit amount for foreign currency is 1,000 U.S. dollars in foreign currency equivalent (the starting deposit amount of each bank can be consulted with the local bank).

The currencies of notice deposits can be RMB, HKD, GBP, USD, JPY, EUR, CHF, AUD, SGD (please check with your local bank for specific services and currencies in each province). The interest rates for call deposits in both RMB and foreign currencies are higher than the interest rates for demand deposits, subject to the regulations of each bank.

How to apply

Go to a bank branch with your ID card, open an account that can be linked to a call deposit and deposit a certain amount (usually more than 50,000). The choice of notice deposits can be higher than the interest rate of demand deposits, but also in a short period of time to retrieve the funds, more suitable for a short period of time to have a larger amount of idle funds, but there is no need for regular funds to seek the crowd.