Personal advice:
If there is investment demand, you can also choose Xi 'an Bank's smart deposit, which is itself a deposit product. According to the regulations of relevant banks, the amount of this product is 1 1,000 yuan, and the term is 5 years. If there is a long-term deposit demand, you can go directly to the local bank outlets for consultation with relevant documents. Users can withdraw the deposit in advance after handling it. Smart deposits are executed at the current year's interest rate every year during the deposit period. I suggest you stay away from illegal fund-raising around you and some high-yield and high-return investment products, because any investment is risky.
The storage period is three months, six months, one year, two years, three years and five years. Partial withdrawal can be made in advance. When the deposit expires, the principal and interest can be withdrawn by the certificate of deposit, or it can be automatically transferred in installments according to the original deposit period.
Interest shall be calculated and paid at the deposit interest rate on the day when the deposit certificate is issued, at the current deposit interest rate on the day of withdrawal for early withdrawal and at the deposit interest rate on the day of withdrawal for overdue withdrawal. I can apply for a small pledge loan with my time deposit certificate.
For the unexpired time savings deposit, the depositor must hold the certificate of deposit and the identity certificate of the depositor in advance; If the withdrawal is made on behalf of the depositor, the payee must also hold his own identity certificate, and the interest rate shall be calculated and paid according to the current savings deposit interest rate announced on the date of withdrawal. The payee must also sign the name of the payee on the payment voucher.
Extended data:
Time deposit:
It refers to the deposit that the depositor can only withdraw money on the specified date after the deposit or must notify the bank a few days before the withdrawal. The term varies from 3 months to 5 years, and from 10 year. Generally speaking, the longer the deposit term, the higher the interest rate. Traditional time deposits include not only certificates of deposit, but also passbooks, also called passbook time deposits. However, 90 days is the basic interest-bearing days, and no interest will be calculated after 90 days. Compared with demand deposits, time deposits are more stable and have lower operating costs, and the deposit reserve ratio held by commercial banks is correspondingly lower. Therefore, the capital utilization rate of time deposits is often higher than that of demand deposits.