How about Jiaxing Rural Commercial Bank and Dongyang Rural Commercial Bank each deposit 500,000 yuan?

Rural commercial banks are legal financial institutions approved by the China Banking Regulatory Commission, and their deposits are underwritten by the National Deposit Insurance Foundation. Therefore, depositors who deposit in a rural commercial bank with a personal account of no more than 500,000 can rest assured that your deposit is absolutely safe. However, the insurance under its name is a deposit product handed over by the bank as an agent to the insurance company. Of course, the principal of a personal account below 500,000 yuan is safe, but the promised interest rate often fails to reach the expected |. Therefore, the insurance of rural commercial banks is safe as long as the personal account principal does not exceed 500,000, but the interest rate will fluctuate.