The minimum deposit amount for large deposits in Bank of Ningbo is 200,000 yuan, the three-month interest rate is 1.562, the six-month interest rate is 1.846, the one-year interest rate is 2.28, the two-year interest rate is 3.192, and the three-year interest rate is 4.18; The first batch of personal large-denomination certificates of deposit issued by Bank of Ningbo in 2020 also has a 3-year term (interest is paid with the principal), a 3-year term (interest is paid quarterly), a 3-year term (interest is paid monthly), and a 3-year term ( The transferable interest will be paid off with the principal), and the annualized interest rate is 4.18%.
The minimum single deposit amount for individual large-denomination certificates is 200,000 yuan, which increases in integer multiples of 10,000 yuan. Interest on Ningbo Bank's large-denomination certificates accrues in real time, that is, interest starts on the day of subscription and is paid on the maturity date of the deposit certificate. , and can be used for pledge business. When paying interest, personal certificates of deposit can choose to pay interest at maturity or customize interest payment. The interest will be paid upon maturity and the interest will be paid off along with the principal. After maturity, it will be automatically transferred to a one-year fixed term. Customized interest payments can be made on a quarterly or monthly basis and you can enjoy the interest income in advance.
Bank's large-denomination certificates of deposit have investment risks. If users want to buy Ningbo Bank's large-denomination certificates of deposit, they must first accept the investment risks. The risks are mainly the risk that the deposit certificates cannot be redeemed due to bank losses and bankruptcy, but the possibility is relatively small. For deposits that are small and have a principal of less than 500,000, even if the bank fails, there will be compensation. It is recommended that users compare the interest rates with other banks before purchasing large-denomination certificates of deposit business.
Large-denomination certificates of deposit are general deposits and generally support early withdrawal. Bank of Ningbo's large-denomination certificates of deposit can be withdrawn 3 times in advance before maturity. When some personal large-denomination certificates of deposit are withdrawn in advance, the withdrawal amount It should be an integral multiple of 10,000 yuan and the remaining amount should not be less than 200,000 yuan.
Bank of Ningbo was established in April 1997 on the basis of 17 urban credit cooperatives, 1 urban credit cooperative union and 4 offices. In October 2007, the registered capital was RMB 2.5 billion. In 2006, Singapore's Overseas Chinese Bank invested 250 million shares, accounting for 12.2 and 10 respectively before and after this issuance.
In recent years, Ningbo Commercial Bank has carried out a series of reforms on the bank's operating mechanism and management system, and achieved good results. However, the framework established by these reforms and innovations is inconsistent with modern requirements. In comparison, there are still obvious shortcomings.