Private banks. Yilian Bank is Jilin Yilian Bank, and its institutional nature is a private bank. The so-called private banks refer to banks controlled by private capital. Yilian Bank was jointly established by two private enterprises, Zhongfa Financial Holdings and Sankuai Technology. It was established on May 16, 2017 and is headquartered in Changchun, Jilin.
Private banks are far inferior to state-owned banks and joint-stock banks in terms of financial strength, revenue scale and credit rating, and they belong to the type of small and medium-sized banks. However, private banks are also formal banks approved by the China Banking Regulatory Commission after going through layers of approvals and are qualified to accept deposits.
1. Is Yilian Bank’s 5-year savings deposit safe?
Although Yilian Bank’s 5-year savings deposit is different from traditional time deposits in terms of sales channels, interest calculation rules, deposit interest rates, etc. There are differences in deposits, but they are still standard deposit products of banks. Deposit funds are protected by the "Deposit Insurance Regulations" and the principal and interest within 500,000 yuan are fully guaranteed. If investors are worried about the safety of their deposits, they can control the deposit amount within 500,000 yuan.
2. How to calculate the expected return of a 5-year savings deposit
A 5-year savings deposit is a type of time deposit. If the deposit period is more than 3 years, you can pay a maximum rate of 5.3%. Interest is calculated based on interest rate. If the deposit period is 3 years or less, the interest will be calculated based on the interest rate calculation method.
For example, if an investor deposits 100,000 yuan and withdraws it after the deposit period is 4 years, then the deposit interest = 100,000*5, 3%*4 = 21,200 yuan. If it is withdrawn after 3 years, the deposit interest = 100,000*3, 85%*3 = 11,550 yuan.
Yalink Bank makes full use of the innovation mechanism of "creative cultivation, rapid incubation, and achievement iteration" to continue to explore technological innovation and mutual gold product optimization. With private cloud and distributed technology as the basic technology architecture, it builds industry-leading Leading cross-regional multi-active microservice network, online and offline integrated omni-channel comprehensive business system, data lake, artificial intelligence engine, DADeS risk control security system and other basic capabilities can provide customers with convenience and efficiency at a lower cost. and high-quality Internet financial services. Currently, Yilian Bank has applied for 68 patents, 57 software copyrights, and 1 copyright. In 2018, it ranked 35th among global financial institutions in terms of patent count. Among them, the "Cross-regionally Distributed Multi-Active Architecture" won the 2018 China Banking and Insurance Regulatory Commission's "Second Class Achievement Award for Information Technology Risk Management Project Research" and the 2018 "Third Class Science and Technology Development Award" of the People's Bank of China. Yilian Bank also won the national-level Recognition of high-tech enterprises.