What exactly is a lump sum withdrawal?

Generally speaking: that is, you open a small deposit account in the bank, and sign a contract with the bank when opening an account to deposit a fixed amount every month, and agree on a deposit period of several years, the minimum is one year, and the interest of the lump sum deposit is slightly lower than the interest of the dead deposit, but much higher than the interest of the current deposit, which can help you develop the habit of saving money regularly. There is also that when you open a small deposit and withdrawal account, you had better have a commonly used account in this bank and there is money in it, to ensure that the amount in this account is sufficient, then the bank will automatically transfer money from your card to the account of zero deposit and withdrawal on the first day of each month, without you to deposit money every month, if there is no money in your card in the middle of a month, then you must pay the amount owed in the previous month in the next month, if you do not pay the full amount of two months in the next month, then your account will automatically be converted to an ordinary current account.

Take myself as an example, my lump sum deposit business is done on my salary card, because every month a certain amount of money will be deducted from the card to the lump sum account on the salary card, if there is no money on the card, if you do not pay the money on time for more than 2 periods, the lump sum deposit will become current.

The lump sum deposit is generally 1 year, 2 years, and 3 years, and the specific business process is as follows.

For the lump sum deposit and withdrawal business, the teller will open a lump sum account on your bank card (similar to the regular deposit, the money in this account cannot be checked at the ATM).

The first installment requires you to pay cash (if you have money on the card, you can take it out directly from the card, and then deposit it into a lump sum withdrawal account, and the teller can operate it, you only need to enter the password).

After the business is opened, the money will be deducted at the beginning of each month (the money will be deducted on the 1st, but it may be a problem for the bank to run the batch, and there will be a text message on the morning of the 2nd saying that the money has been deducted from the card), if the amount on the card is insufficient on the 1st, it doesn't matter, as long as it is made up before the end of the month, the bank will deduct it again at the end of the month.

If you don't miss the second installment, it may become active, so be careful.

In terms of interest rate, it is less than the term and greater than the current term.

Note: I personally use this business mainly to save money, so it is easy to save money, and I don't care much about the interest.

CMB's "Fractional Deposit and Lump Sum Withdrawal" is a kind of savings service that has a pre-agreed deposit period, a fixed amount, and a monthly deposit of principal and interest at maturity (only RMB is supported).

Minimum deposit amount: 5 yuan (the starting point of the deposit machine is 100 yuan).

Deposit period: 1 year, 3 years, 5 years; The corresponding annual interest rates are .55%。

If you want to save money, as long as you have a bank debit card, you can open online banking yourself in the online opening of a fixed, monthly transfer is OK, due to the transfer back to your debit card.

What is "Fractional Deposit"? What is "Whole Deposit and Zero Withdrawal"? Don't be stupid anymore.

Lump sum deposit refers to the deposit business that is deposited once a month, the deposit amount is determined by the depositor, and the deposit is withdrawn at one time after maturity. Loose deposits are generally deposited at 5 yuan per month, and if there is any missing deposit in the middle, it should be made up in the next month, and the deposit period is generally divided into one year, three years and five years. The interest rate for a lump sum deposit is generally 60% of the interest rate for a fixed deposit in the same period.

When users make deposits in the bank, the common deposit methods are current and fixed, usually the more the deposit amount and the longer the time of the fixed deposit, the higher the deposit interest rate given by the bank, but the flexibility is poor, although it can be withdrawn in advance, but the interest will be calculated according to the current interest rate.

When handling deposits, the way of deposit is determined according to the length of idle time, but the income obtained from bank deposits is not very high, if users want to get more income, then you can consider the wealth management products launched by the bank, but you will face certain risks when investing in wealth management products.

Wealth management products launched by banks generally have a closed period, during which users cannot withdraw in advance, which requires users to use their personal spare money to invest in wealth management products. Then there is the different risks faced by different wealth management products when investing, and the risks faced by wealth management products with high returns are generally high.

Lump sum deposits are a basic type of bank fixed savings. It refers to a saving method in which depositors agree on the deposit period, fixed deposit every month, and withdraw principal and interest once at maturity when making bank deposits. Fractional deposit is generally 5 yuan per month, once a month, if there is a leak in the middle, it should be made up in the next month, and there is only one chance to make up for it.

The deposit period is generally divided into 1 year, 3 years and 5 years.

The interest calculation of the lump sum deposit is calculated according to the actual deposit amount and the actual deposit period, and the specific interest rate standard is implemented according to the interest rate table. The procedures for opening an account for a lump sum deposit are the same as for current savings, except that they must be renewed every month according to the amount at the time of account opening. The interest rate for a lump sum deposit is generally 60% of the interest rate for a fixed deposit in the same period.

Applicable quotas. The minimum amount of fractional deposit and withdrawal is 5 yuan, and the amount deposited for the second time can only be fixed with the amount deposited at the time of account opening, and cannot be changed.

There are three main types of savings deposits: individual fixed savings deposits, collective fixed savings deposits and education savings.

Collective fixed savings deposit refers to a kind of savings deposit with a pre-agreed amount that is centrally handled by enterprises, institutions or mass organizations and voluntarily participated by employees, which is deposited at the agreed amount month by month and withdrawn at maturity. The minimum deposit amount is 50 yuan, and the deposit period is one year.

In the case of education savings time deposits, which are set up for students at school (including the fourth grade) or above, the principal and interest can be withdrawn at one time by presenting the deposit slip and the identity certificate of the students who are receiving non-compulsory education provided by the school. Depositors can enjoy preferential interest rates with "certificates" and are exempt from income tax on savings interest rates. The deposit period is divided into one year, two years and six years, with a minimum deposit amount of 50 yuan and a total principal limit of 20,000 yuan.

Fractional deposit refers to a kind of savings with an agreed deposit period, a fixed deposit every month, and a one-time withdrawal of principal and interest at maturity. Generally, the minimum deposit is $5 per month. The deposit period is divided into 1, 3 and 5 years. The account opening procedure is the same as that of current savings, except that the amount at the time of account opening must be renewed every month.

The procedures for early withdrawal shall be handled in accordance with the procedures for lump sum deposit and withdrawal of fixed savings deposits. Generally, the minimum deposit is 5 yuan, and it is deposited once a month, and if there is any omission in the middle, it should be made up in the next month. Interest is calculated based on the actual deposit amount and the actual deposit period, please refer to the interest rate table for the specific interest rate standard.