Around the Spring Festival, many friends received a large year-end bonus. In addition to necessary consumption, how to manage finances has become a consideration. Against the backdrop of declining bank deposit interest rates, bank financial products have once again become the first choice for those who love sound financial management.
Recently, the Banking Industry Financial Management Registration and Custody Center released the “China Banking Industry Financial Management Market Annual Report” (2023Year)”, the “Report” shows that bank financial management2023At the end of the year, it rebounded to26.8trillion yuan, compared with2023Year6end-of-month growth1.5Trillion yuan.At the same time, many banks have launched exclusive financial products for year-end bonuses.“Working as a worker” starts the financial management journey of “increase salary on salary”. So what should you pay attention to when purchasing bank financial products?
Choose products with acceptable risk levels
Dear friends, when purchasing bank financial products, you shouldChoose appropriate financial products based on your own risk tolerance.Before buying financial management products, we have done similar risk assessment tests to see what risk level financial products investors are suitable to buy.
R1This level is a prudent financial product. Products at this level have low risks and are common financial products with guaranteed principal and guaranteed income, or financial products with guaranteed principal and floating income. Product returns vary with investment performance and are generally not affected by market risks and policy risks.
R2The product level is a stable financial product. The risk of this level of product is slightly higher, but overall it is still very low. There is no guarantee of principal repayment, and the fluctuation of income is relatively controllable.Products mainly bear high credit risks, relativelyR1Grade-level financial products carry higher risks.
R3Level 1 is a balanced financial product. The risk of this level of product is medium. The main purpose of non-guaranteed income is to ensure the safety of assets while earning greater returns. The risk is medium. It is suitable for investors with a certain risk tolerance.
R4This level is an aggressive financial product. Products at this level have greater risks, with floating and volatile returns. Investments are more susceptible to risk factors such as market fluctuations and changes in policies and regulations.
R5The level of financial management products is aggressive. Products at this level have high risks and high returns, but may also cause high losses. This type of product can be fully invested in highly volatile financial products such as stocks, foreign exchange, and gold.
In general,R1andR2This level of financial products is very suitable for those who have weak risk tolerance.R3Financial products above the level are suitable for people with strong risk resistance.
Correctly understand the meaning of performance comparison
The comparison benchmark of bank financial management performance refers to the income target set by financial managers for financial products to give investors an estimated income data. This data does not represent the actual income of investors, nor is it a guarantee by the bank for the income of financial products.
For example, the performance benchmark indicated by a bank’s financial product4%the return rate of this financial product after one year is higher than4%it means that this financial management product has achieved its goal and reached the performance comparison benchmark value. If the return rate of this financial management product after one year is lower than4%indicating that the financial product has not achieved its goals.
The performance comparison benchmark of a financial management product is only a reference value and does not have the nature of rigid redemption at all, nor does it have any role in actual return commitments. In other words, the performance comparison benchmark of a financial management product is what investors can get after buying this financial product. The final income may be higher or lower than this.
Pay attention to the start and end time of income
It takes time for a bank to accept a business. It does not mean that if you buy a certain bank financial product, even if you officially start investing, there is still the issue of the financing period.for example1For financial management products purchased on the day, there may be items involved in the product5The account has just officially started running, so in the meantime5Days belong to the fundraising period. Generally speaking, there is no profit during the fundraising period. Therefore, when purchasing bank financial products, friends should determine the starting time of income with bank staff and shorten the fundraising period as much as possible so that their funds can be fully utilized.
What is the time to recover the principal and interest? This is the same as the fact that there is a fundraising period when investing. After the financial product expires, sometimes you may not be able to get the money immediately. This is because banks generally have a payment deadline, which is one day or three days, and different banks vary. For example, the expiration date of the financial product you purchased happens to be a holiday, and banks are not open during this time, so you have to wait until after the holiday. In this way, the money will be idle for several days, resulting in diluted profits.