Is the money in the bank or Alipay?

You might as well deposit your money in the bank. If you want to save money, you can put it in a bank card for three to five years, and you are not in a hurry to spend it. The five-year fixed interest rate is the highest. It is seventy or eighty yuan less than Alipay in a year. Moreover, Yu 'ebao is actually a kind of fund and an investment, so Alipay is more suitable for putting some pocket money, which is convenient to use. If you save money, you should deposit it in the bank.

The difference between money in the bank and Alipay: 1, the deposit function is different.

Alipay is a payment tool, mainly for the convenience of users' daily payment. Both Alipay balance and Yu 'ebao have limited payment and transfer functions. Bank deposits are set up by financial institutions and play a wider role in payment and settlement, and in maintaining and increasing value.

2. The nature of deposits is different.

Bank deposit is the creditor's right to the bank. For banks, deposit is a kind of debt, and banks need to pay it on time as agreed. If the bank goes bankrupt, the insurance company will compensate the depositors' deposits in accordance with the provisions of the Insurance Deposits Ordinance, with a maximum compensation of 500,000 yuan.

Alipay Yu 'ebao is not a debt, but a money fund. No guarantee of principal or interest, investors are responsible for their own profits and losses.

3. The expected returns of deposits are different.

Yu 'ebao expects the annualized interest rate to be around 2.25% on the 7th. There are many kinds of bank deposit products. According to the benchmark interest rate announced by the central bank, the interest rates of demand deposits and time deposits below two years are lower than the interest rate of Yu 'ebao. Therefore, the expected return of short-term idle funds placed in Yu 'ebao is higher than that of bank deposits.

The interest rates of three-year and five-year time deposits and bank certificates of deposit are higher than the expected rate of return of Yu 'ebao. If it is a large number of long-term idle funds, it will be more cost-effective to have them in the bank.

Alipay and bank deposits have their own advantages and disadvantages, and investors can combine the liquidity of funds.