Why Financial Products Raise The Threshold

Originally, it started at 50 thousand yuan, and now many varieties have been raised to 100 thousand yuan, 300 thousand yuan or even 1 million yuan.

This year,

The income is high and the threshold is high.

Since the beginning of this year, the financial products launched by banks have increased the rate of return with interest, and the annual yield of some products even reached 5% to 6%, much higher than the fixed interest rate of the same period.

Under such circumstances, sales of financial products are very hot, and some financial products have to be booked in advance, otherwise they will not be bought.

However, the rate of return has increased, and the initial amount of investor purchase has also increased significantly.

"In the past, the initial amount of most financial products was 50 thousand yuan, but I did not expect a lot of more than 100 thousand yuan to start."

In April 22nd, Miss Zhang of Nanning bought a financial product from a commercial bank. She favored a financial product with a term of 366 days, with an annualized yield of 5.19%, which is equivalent to the interest rate of 5 years' deposits of banks.

Miss Zhang is trying to buy, but she is told that her funds are insufficient. The original amount of this financial product is 300 thousand yuan.

Miss Zhang came to another commercial bank. She saw a short term financial product with a financial term of 12 days and an annualized yield of 5%. Its income is equivalent to 3.38 times that of the same period of the bank.

But Miss Chang took a look at it and took a cool breath. The initial amount of this financial product was 1 million yuan.

Reporters visited to understand that recently, many banks began to increase the amount of money management, and the purchase amount is different, the yield is also different.

Like a financial product, the initial amount is 100 thousand yuan, if the purchase of 100 thousand to 3 million yuan, the annualized rate of return is 3.2%; if it is more than 3 million yuan, the annualized rate of return is 3.5%.

Another financial product purchased from 50 thousand to 500 thousand yuan, the annual yield is 5%, 500 thousand to 1 million yuan, the annual yield is 5.2%, more than 1 million yuan, and the annual yield is 5.5%.

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Behind the high threshold there is mystery.

Although the central bank has raised interest rates on deposits many times since last October, it is still at a negative interest rate compared with CPI.

In addition, the money making effect of investment channels such as stock and real estate is not obvious. Many investors are more willing to choose financial products with sound earnings.

However, the investment threshold of financial products has been raised, and many investors are blocking the door.

Mr. Ma of Nanning said he did not approve of raising the initial amount and implementing differential return on financial products.

Mr Ma believes that investors who buy financial products are often bank deposits and loan customers.

Many banks claim to provide customers with a full range of financial services. They should consider how to facilitate investors and not set up a high threshold for capital.

In this regard, a bank insider said, raising the threshold of financial products is a kind of

"Investors who want to buy high yield financial products can focus on the end of the month and the end of the quarter."

The bank said that in order to attract more funds at the end of the month or at the end of the quarter to precipitate banks, banks tend to raise the rate of return to attract customers.

Hidden risks in product contracts

Nowadays, some guaranteed financial products are regarded as a safe and safe investment mode by many people.

But there are also financial experts pointed out that the financial products contracts hidden many risks.

In an interview with reporters, Yu Bo, a financial advisor of an investment consulting company in Nanning, sent out a brochure of a bank financial product from the official website of a commercial bank, which stipulates whether the bank can terminate in advance.

Yu Bo said, usually, there are terminating provisions in the contracts of bank financial products, most of which are the right of banks to terminate and customers have no right.

The so-called early termination clause is the stipulation of the bank for the termination and redemption of the product.

As for the circumstances in which banks will terminate their financial products early, the usual explanation for banks is that they encounter major financial policy adjustments, and the two is that banks consider it necessary to terminate the situation.

Yu Bo said that major financial policy adjustments mainly refer to the policy of raising interest rates, cutting interest rates and major exchange rate changes.

For example, a structured financial product itself is linked to exchange rate and interest rate indicators. Once this indicator changes, the product will be terminated in advance.

Whatever the reason, whether or not it should be terminated is not decided by investors.

Moreover, when the bank terminates, all risks are borne by the investors themselves.

Then, how should we grasp the purchase of bank financial products?

The wave suggests that if we want to buy bonds and credit financing products, we should try to buy short term interest rate cycles under the interest rate cycle.