Is JD Finance Yilianzhi risky?

Yilian Zhicun is a "bank selection" wealth management product on Jingdong financial platform. Its essence is innovative deposit, which is issued by Jilin Yilian Bank. Yilianzhi has two products: 32-day deposit period and 188-day deposit period. The maturity rate of 32-day deposit is 4.5%, and that of 188-day deposit is 4.9%. Both products support early withdrawal, and the interest rate for early withdrawal is 0.455%. Yilian Zhicun seems to have good expected returns and liquidity. So, is the village of love in clothes risky?

From the perspective of product principle

According to the official introduction, Yiliancun is an innovative deposit product issued by Jilin Bank. The customer bought a five-year time deposit of Yilian Zhicun in Jingdong Finance, all of which correspond to a five-year time deposit of Yilian Bank. Customers can agree to withdraw money at the agreed interest rate of 4.5% or 4.9% for 32 days or 88 days.

In essence, the basic asset of Yilian Zhicun is the time deposit of Yilian Zhicun. A bank's time deposit guarantees the principal and interest. Every time a time deposit is made, the bank has to pay a deposit insurance premium. Even if the bank goes bankrupt in the future, the insurance company will pay the losses within 500,000 yuan. Therefore, the security of the village of love in clothes is guaranteed.

Liquidity risk of Yilian Zhicun

For depositors, Yilian Zhicun can be said to be zero risk, because it is guaranteed by deposit insurance and bank credit. But for banks, such products have certain liquidity risks.

Yilian Zhicun can not only withdraw in advance at any time, but also have such a high expected return, which is related to the "takeover" of third-party financial institutions. When users withdraw innovative deposit products in advance, banks often transfer the expected income right of time deposits corresponding to innovative deposits to third-party financial institutions, and the third party pays the principal and interest.

In this way, in case the bank deposit is too large, the third party can't pay such a high amount of funds, or other things happen and users withdraw cash on a large scale, then private banks like Yilian Bank will face liquidity risks. It may take five years for users to get their money back when they buy Yilian Zhicun, and the user experience will be greatly reduced.

Generally speaking, the security of Yilian Zhicun is good, and it is guaranteed by deposit insurance. This product is restricted every day, and the eyes of the masses are discerning. Please cherish what you can grab.

Introduction reading:

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