Does bank time deposit count as financial management?

As a traditional way of financial management, savings has long been deeply rooted in people's hearts. Most residents still regard savings as the first choice for financial management.

On the one hand, the inflow of foreign capital into China is still strong, and the supply of basic money in China has increased; On the other hand, in order to moderately control the rise of price index and inflation rate, the government adopted the means of raising interest rates, and the floating range of interest rates was further expanded. The rise in interest rates will certainly stimulate the increase in savings.

If depositors need funds before maturity, some certificates of deposit can be sold in the market; Some certificates of deposit cannot be transferred. If depositors choose to withdraw funds from the bank before maturity, they need to pay a certain fee to the bank.

Extended data:

For unexpired time savings deposits, depositors can make partial withdrawal in advance according to their needs, and the write-off procedures remain unchanged. The interest rate of the early withdrawal part is paid according to the interest rate of the current savings deposit listed on the withdrawal date, and the retained part is paid according to the original interest rate when it is withdrawn on the original deposit date.

The term of a deposit in a bank can range from 3 months to 5 years, from 10 years. Generally speaking, the longer the deposit term, the higher the interest rate. Traditional time deposits include not only certificates of deposit, but also passbooks, which are also called passbook time deposits. However, 90 days is the basic interest-bearing days, and no interest will be accrued after 90 days.

Baidu encyclopedia-time deposit