Teach Tip

HARBIN, December 27 (Xinhuanet Liang Dong) interview with this reporter recently learned that, with the central bank interest rate rises, residents deposit is quietly undergoing change: the hands of the funds will be split into multiple copies, and then deposited in a different period Bank’s “split deposits” means a number of savvy savers are becoming the new choice to raise savings income.

20th of the month, the PBOC announced that this year the sixth hike since: The one-year benchmark deposit interest rate from

3.87% to 4.14%; In the meantime, the first time in five years, reduce the call rate. The interest rate adjustments of the interest rate characteristics of non-symmetry, that is deposits raised by a margin greater than the loan; deposits in the short term than long-term rate increases. In addition to slightly lower demand deposit interest rates 0.09 percentage points, the one-year time deposit interest rates by a big margin within which 3-month deposit interest rates 0.45 percentage points, 6-month deposit interest rates 0.36 percentage points ; 2-year and 3-year deposit interest rates 0.18 percentage points, 5-year deposit rate is only 0.09 percentage point increase.

The reporter learned from a number of banks in the province of Heilongjiang was informed that the adjustment of interest rates have begun to affect the depositors of the deposit, and many depositors to use this interest rate adjustment features, by way of deposits, money management division, that is, the amount of the deposit is divided into many small pen part, then according to their choice of the investment period is expected to raise interest rates. Some of the respondents to determine within six months due to depositors interest rates are still possible, but will keep some savings for 3 months or six months on a regular basis, and the rest based upon the long-term deposits, in order to reduce the loss of frequency sweep.

Industrial and Commercial Bank of China Qiqihar Branch Banking division Peijing think that after this year’s six interest rate hikes, the people has been a certain level of savings and revenue growth, this interest rate hike of 4.14% after the 1-year time deposits is close to some banks to finance income products, so that greatly increased the attractiveness of savings. Every previous rate hikes, there are many depositors in order to obtain higher interest rates and transfer the deposit to deposit, but because many banked interrupted deposit period, each received only the call rate. Pei Jing said that in the current interest rate channel, if the investor is only identified savings and deposit the amount of segmentation techniques can be used to minimize loss of interest. Split deposits, not only on a regular basis with maturity be urgently when you do not have to withdraw their money, even without money, can also be transferred continuously maintained in the current market share of higher interest rates increasing.