What's the difference between Weizhong bank deposits and ordinary physical banks?

Weizhong Bank is the first private bank approved by the Central Bank and China Banking Regulatory Commission. All savings operations, like the savings deposits of traditional physical banks, are guaranteed by the deposit insurance of the central bank. However, the deposit interest rate of Weizhong Bank fluctuates on the basis of the central bank's benchmark interest rate, so the interest rate is higher than that of physical banks. Because it is accessed through the mobile phone Weizhong Bank app 7*24 hours, it is more convenient and humanized to withdraw money at any time and receive the account in real time.