Is smart deposit a time deposit or a wealth management product?

Although smart deposit looks like current wealth management, it actually belongs to the standardized deposit products of banks, not to wealth management products.

At present, private banks are the main banks that issue smart deposit products. Many investors are worried about the safety of deposits because they don't know much about private banks. The amount of smart deposits is the same as that of ordinary bank deposits. Under the protection of deposit insurance regulations, even if the bank closes its investors, it can get compensation within 500 thousand.

First, the definition of smart deposit

First of all, it needs to be clear that smart deposits cannot be regarded as wealth management products.

1, origin

Smart deposits are mostly introduced by private banks. Most private banks are difficult to have stable customer resources because of their short establishment time, insufficient brand accumulation and market recognition, and few outlets. Therefore, in order to alleviate the "deposit shortage", private banks have launched innovative deposit products such as "smart deposit". Although it is essentially a time deposit, the introduction of the innovative system of "transfer of income rights" makes smart deposits have the characteristics of high liquidity, high profitability and safety.

2. Operating principle

The innovation of smart deposit lies in the introduction of the transfer mechanism of time deposit income right, which has both high profitability and high liquidity. Its transaction process mainly involves customers, banks and third-party institutions.

Suppose I deposited a 10w "smart deposit" in Bank A, which became 4% annualized. In fact, this 10w has been saved for three years, and the interest rate is 4.5%. But I want to take it out three months later. Bank A transfers the original 4.5% of the income right of this deposit to Company C, and then Company C pays me 4% interest and principal. After the expiration of the three-year period, Company C can get a 0.5% spread.

In this process, from the perspective of "I": I am also a customer. Putting a sum of money into a "smart deposit" is actually equivalent to putting money into a bank time deposit account, so as to determine the corresponding time deposit yield to maturity. When I need to withdraw money, I transfer the income right of time deposit to a third party at a price lower than that of yield to maturity, thus obtaining liquidity.

From the perspective of the third party organization, that is, Company C, if the customer buys the income right at a price lower than that of yield to maturity, he can get the interest spread from the bank when the deposit expires. At the same time, third-party institutions can also directly use the "time deposit income right" to mortgage assets, obtain liquidity, amplify capital leverage, and obtain income from it.

From the bank's point of view, smart deposits give private banks the right to use medium and long-term funds. This is very beneficial to bank operation and enhances the ability to issue loans. Although the interest rate of smart deposits is high, private banks are mainly engaged in small loans with high loan interest rates, and there is still room for profit.

Second, the advantages of "smart deposit"

Compared with traditional bank deposits, smart deposits have the following advantages:

1, low threshold

The term of fixed deposit of this kind of products ranges from 1 year to 5 years, and the initial deposit amount is 50~ 100 yuan. There is no limit to the addition, and the threshold is lower than other bank time deposits.

2. High income

Compared with demand deposits, the interest rate of smart deposits is higher, and the interest rate rises with the length of deposits. For example, as long as the smart deposits given by private banks exceed 1 month, the annualized rate of return can reach more than 4%. Some products can also earn daily, similar to money funds.

3. Good liquidity

Smart deposits support withdrawal at any time, and the "early withdrawal interest rate" is high, with a maximum of over 4%. However, time deposits are generally withdrawn in advance, and only demand deposits have low returns.

Compared with general wealth management products, smart deposits have the following advantages:

Generally speaking, wealth management products do not protect the principal and interest, while bank deposits protect the principal and interest. Moreover, as a deposit product issued by the bank, "smart deposit" belongs to personal ordinary deposit, enjoys the full insurance protection of deposit, and is generally sold through cooperative Internet platforms. According to the provisions of the Deposit Insurance Law, individuals can enjoy 100% compensation if their ordinary deposit in a single bank is less than 500,000 yuan.