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as interest rates fall, banks' time deposit interest rates generally fall. in order to lock in interest rates in advance, high-limit, transferable, and long-term large-denomination certificates of deposit were once favored by investors and were hard to find.

however, a reporter from "daily economic news" noticed that many investors have recently begun to transfer their large certificates of deposit. in some bank transfer areas, products with annualized returns exceeding 3% frequently appear.

large-denomination certificates of deposit frequently appear in some banks’ transfer areas with annualized yields exceeding 3%.

an investor told reporters, "the account manager recommended to me a certificate of deposit with a converted annual interest rate of 4.5%." a bank staff recommended a large-denomination certificate of deposit for him with a transfer price of more than 5 million yuan and a remaining period of less than 5 million yuan. 5 months, but gave up due to lack of funds. it is reported that in addition to certificates of deposit with larger amounts, there are also large certificates of deposit with an amount of about 200,000, and the annualized rate of return is estimated to be more than 3%, which is higher than the current selling interest rate.

products above "3%" are frequently found in the large-denomination certificate of deposit transfer area

there is one day left before the end of the national day holiday, and the large-denomination certificate of deposit transfer interest rates of various banks are at high levels.

the reporter noticed that certificates of deposit with higher amounts in transfers also have higher interest rates. take industrial and commercial bank of china as an example. the bank is transferring a large-denomination certificate of deposit with a remaining deposit period of 509 days and a purchase price of 21.12 million yuan. the expected annualized return rate is 2.528%, which is higher than the 2.15% annual return rate of similar newly launched products. interest rate. however, the interest rates on large certificates of deposit with relatively low amounts are also very attractive. the current remaining term of icbc is about 3 years, and large-denomination certificates of deposit can be purchased with an amount of 200,000 to 300,000 yuan. there are also a large number of products with interest rates higher than 2.3%.

bank of china has a large certificate of deposit with a remaining term of 873 days and a transfer price of 202,000. the estimated annual interest rate after transfer is 2.35%. the bank of china app shows that "purchasing this certificate of deposit is expected to earn 3,043.69 yuan more at maturity than holding other deposit products with the same principal and the same remaining period."

image source: bank of china app

in addition to major state-owned banks, some city commercial banks and rural commercial banks even have products with annual interest rates of over 3% in their transfer areas.

taking guangzhou bank as an example, the current interest rate for the bank's products on sale for a person's large-denomination certificate of deposit starting from 200,000 yuan for one year is 2.15%. for the same product in the transfer area with a transfer amount of 202,000 yuan and a remaining period of 102 days, the estimated annualized return after transfer has reached 3.31%.

the app of shenzhen rural commercial bank shows that the bank has a 3-year personal large-denomination certificate of deposit with a remaining term of 1 year and 6 months. the converted annual interest rate is 3.291%, the transfer price is 292,700 yuan, and the interest rate reaches 832.22 yuan.

image source: shenzhen rural commercial bank app

a staff member of a joint-stock bank told reporters, "the transfer of large-denomination certificates of deposit has been really popular recently, especially among some radical investors." however, as to whether the money in the large-denomination certificates of deposit will be transferred to the stock market, financial managers of various banks said "it's not clear."

large-denomination certificates of deposit quotas are still in short supply at some banks

industry: investors need to be cautious when picking up leaks

it is reported that large-denomination certificates of deposit are deposit certificates issued by banks. they have the characteristics of higher interest rates than ordinary deposits, good liquidity, and strong security. they are suitable for the asset allocation needs of investors with long time periods and low risk appetite. moreover, due to the "guarantee of principal and return" ” characteristics have a unique position in residents’ financial management configuration.

although transfers are hot and the transfer area is likely to turn into a "buyer's market", the reporter noticed that large-denomination certificates of deposit are still popular in many banks, and investors' enthusiasm for large-denomination certificates has not shown a "cliff-like decline." many banks products with a maturity of more than 2 years are displayed as "sold out". for example, bank of china and others currently only have large certificates of deposit for sale with maturities of less than 2 years.

a 2-year certificate of deposit product of bank of china shows "insufficient balance". image source: bank of china app

some account managers also told reporters that the customers they serve who purchase large-denomination certificates of deposit are mostly silver-haired customers with low risk preferences and are unlikely to transfer large-denomination certificates of deposit.

as the interest rates in the transfer area rise, many investors with lower risk preferences also share their "missing" experiences on social platforms, "big a is hot recently, everyone is running into the market, and today i missed a large certificate of deposit at china merchants bank , with more than one year left, the interest rate is actually 3.1%.”

"i dare not enter the stock market. the risk is too high, even though it has surged in the past two days." another investor said that he also grabbed a certificate of deposit with an interest rate of 3.15%.

zhou maohua, a macro researcher at the financial markets department of everbright bank, said that the transfer of large-denomination certificates of deposit has attracted attention, which may be related to the recent recovery in stock market sentiment and the emergence of money-making effects.

"although the stock market has surged recently and the returns are obvious, investors need to treat it rationally." zhou maohua pointed out that the risk of equity asset fluctuations is relatively high, market fluctuations are normal, and ordinary investors advocate rational investment and fully consider product risks. reasonably allocate asset portfolios based on your own risk tolerance and income expectations. "although the income from large certificates of deposit has become less attractive, the income is relatively stable and the principal is safe."