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The increase of bank's special financial products before the festival reminds people to pay attention to the raising period and value date

Lin Xiaoli
September 21, 2018 07:59 | Source: Guangzhou Daily
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With the Mid Autumn Festival and the National Day holiday coming one after another, traditional investment channels such as the stock market will be suspended. How can we achieve that the income from financial management during the holiday is not "vacation"? The reporter's visit found that there were many investment options during the holiday, and some banks also launched special financial products for the Mid Autumn Festival and the National Day. However, financial experts remind that when purchasing bank financial products on the eve of holidays, special attention should be paid to the issue of the raising period and value date.

During a recent visit, the reporter found that the Liuhua Branch of ABC had a variety of financial options for holidays, mainly including 7-day notice deposits, bank holiday financial products, monetary funds, gold and foreign exchange.

Bank promotes special holiday products

According to the bank's financial manager, the financial products with better flexibility and higher yield have become the first choice for some investors to finance on holidays. For example, for an account upgrade service, after the current account is signed at the bank counter, the deposit income can be greatly improved on the premise of flexible withdrawal of current funds, up to 12.3 times of ordinary current deposits.

The structural products of banks have also won the favor of many investors because of their characteristics of capital protection and minimum return, and the maximum return can also reach 4.25%. According to the introduction of the aforementioned financial manager, in addition to products with stable income, some relatively low-risk products, such as agency insurance products and fund fixed investment, are also good choices. It is suggested that investors can make appropriate allocation according to their risk tolerance and capital situation.

In addition, the reporter also found that some banks have launched special financial products for the Mid Autumn Festival, and will also launch special financial products for the 11th Festival. It is understood that the yield of exclusive financial products on holidays will be slightly higher than that of similar products on sale, about 0.1~0.3 percentage points higher.

Liu Yinping, financial analyst of Rong360, suggested that when purchasing bank financial products before holidays, special attention should be paid to the issue of raising period and value date. Most of the financial products issued before holidays are interest calculated after holidays, especially the duration of exclusive financial products during holidays is short, such as within 3 months, but the average raising period of products is about 6 days. If the products are interest calculated after holidays, Then the collection period will be longer, which will lead to the problem of fund standing guard. In this case, the cost performance of purchasing holiday exclusive products is not high.

Product term 48 days The raising period is up to 10 days

According to a reporter's survey, a rural commercial bank recently issued a special Mid Autumn break even financing fund, with a product term of 48 days and a fundraising period of 10 days. The expected yield is 3.95%. If it is purchased on the first day of the raising period, the fund occupation time is 58 days, and the actual yield is only 3.27%.

Liu Yinping also reminded that there is a high probability that the yield of bank financial products will continue to decline this year. In this case, try to buy medium - and long-term financial products to lock in the relatively high current income.

The financial manager of Agricultural Bank of China also reminded that no matter what kind of investment you make, your own risk preference must be the first consideration. Because risk and return are proportional. Different financial products have different risk levels and returns. Customers should choose their own financial products according to their risk preferences, and try to choose formal financial institutions for investment.

(Editor in charge: Li Dong, Zhu Yifan)

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