Which is better to save USD or RMB?

In recent years, the exchange rate of the US dollar against the RMB has been decreasing day by day, and the RMB will still appreciate slowly, the main reason is that China has bought a large amount of foreign debt (especially US Treasury bonds), so the United States hopes that the RMB will appreciate, which will lead to a decrease in China's foreign debt reserves, resulting in a large number of losses, and China will also have to buy US Treasury bonds, because of the Taiwan issue, the most direct way for the United States to make concessions on the Taiwan issue is to buy US Treasury bonds, and this situation is unlikely to improve in the short term. As a result, the renminbi will continue to appreciate, and the dollar will continue to depreciate relative to the renminbi.

And then there's the second question.

Spot exchange refers to foreign exchange deposits remitted from foreign banks to domestic countries, as well as foreign currency bills, cashier's checks, traveler's checks and other international settlement vouchers that can be directly credited to the account by banks through electronic bargaining.

Cash refers to the foreign currency banknotes held by domestic residents. After a certain amount of time has passed through the accumulation of foreign currency cash, it can be transported and deposited in a foreign bank for allocation and use. Prior to this, the bank that bought the foreign currency had to bear a certain amount of interest loss; In the process of transporting and depositing cash into a foreign bank, there are also expenses such as freight and insurance premiums, and the bank has to pass on these losses and expenses to the customers who sell the cash, so the bank's cash is lower than the cash exchange.

When a bank sells foreign exchange cash, it is the same as selling foreign exchange.

Therefore, when you expire, it will be exchanged in cash.

Hope it helps.

Now banks can basically handle the business of depositing US dollars. For example, China CITIC Bank.

China Merchants Bank, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications.

Agricultural Bank of China, Minsheng Bank, China Everbright Bank, etc.

Extended information: I. Measures for the Administration of Personal Foreign Exchange Deposit Business (Provisional).

Chapter I: General Provisions.

Article 1 These Measures are formulated in accordance with the Regulations of the People's Republic of China on Foreign Exchange Administration, the Measures for the Administration of Individual Foreign Exchange, the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange and other relevant laws and regulations in order to standardize the management of individual foreign exchange deposits.

Article 2 Individual foreign exchange accounts are divided into domestic personal foreign exchange accounts and overseas personal foreign exchange accounts according to the types of subjects.

1) Domestic individuals refer to holders of People's Republic of China resident identity cards.

Temporary ID and household registration booklet.

Military identity documents, armed police.

Chinese citizens with identity documents.

2) Overseas individuals refer to holders of passports, Mainland Travel Permits for Hong Kong and Macao Residents, and Mainland Travel Permits for Taiwan Residents.

of foreign citizens (including stateless persons) and compatriots from Hong Kong, Macao and Taiwan.

3) The management of personal foreign exchange deposits shall follow the relevant provisions of the real-name system.

Article 3 Individual foreign exchange deposit accounts are divided into foreign exchange savings accounts, foreign exchange settlement accounts and foreign exchange capital account accounts according to the nature of transactions, of which foreign exchange savings accounts and foreign exchange settlement accounts belong to current account accounts.

Article 4 The depository bank shall be responsible for maintaining the confidentiality of the foreign exchange deposits of domestic and overseas individuals, unless otherwise required by laws, regulations and regulatory provisions.

Article 5 All banks shall, in accordance with the relevant anti-money laundering regulations, conduct large-value and suspicious foreign exchange transactions.

Record, analyze, and report on them.

Article 6 These Measures apply to domestic business outlets.

Second, when making a deposit of US dollars, we should first consider the bank deposit interest rate, because the deposit interest rate is different from each bank, sometimes the same deposit of 20,000 US dollars, due to the different interest rates will lead to a large difference in the interest rate, Standard Chartered Bank.

Compared to Bank of China, Standard Chartered has a 2-year fixed interest rate.

However, the Bank of China only has a deposit of 20,000 US dollars, and their interest will differ by more than 800 yuan.

Therefore, it is better to choose a foreign bank when depositing in US dollars, because the business is familiar and the interest rate is high. However, some people are not at ease with foreign banks, so they have to find domestic banks to deposit, and the five major domestic banks are a good choice, and the interest rates of the five major domestic banks are relatively high.

3. The interest rates of Bank of China and several other banks in the five major banks are the same as those of current payment, 7-day notice, 1 month, 3 months, and half a year. However, the interest rate is different for one year and two years, with the Bank of China having an interest rate of 8 for other banks.

Although the Bank of China is not as good as other banks in terms of deposit interest rates, it is better to choose it when depositing US dollars because it is more professional in foreign currency business, and its mechanism is relatively sound, and it is also the leading bank in China's foreign currency business.

Therefore, when depositing US dollars, it is not only necessary to consider the issue of interest rate, but also other factors, but it is up to you which bank to choose for deposit.

Foreign exchange deposits refer to deposits made in a bank account in convertible currencies. From the bank's side, foreign exchange deposits are credit instruments that accept foreign currency cash, foreign currency drafts or cheques from customers.

and fiduciary acts of the customer with a regular or irregular repayment obligation, i.e., a debt to the depositor; For bank customers, credit instruments such as foreign currency cash, foreign currency drafts or cheques are deposited with the bank.

and can withdraw credit from the bank on a regular or irregular basis, that is, to obtain foreign exchange claims from the bank. The establishment of foreign exchange deposit business is an important channel for China's designated foreign exchange banks (hereinafter referred to as deposit banks) to raise foreign exchange funds and expand foreign exchange funds.

It is also a basic business that it operates. Depositing foreign exchange funds in banks is a way for enterprises and individuals to use foreign exchange funds and obtain interest income, and it is also a basic means for enterprises to engage in other foreign exchange business.

It is possible to deposit US dollars. In addition to some basic functions of bank cards, such as deposits and loans, transfers, collection and payment, the new CCB Dragon Card has also added some other functions, such as RMB, USD, HKD, JPY, EUR, GBP and other multi-currency current and fixed deposit accounts, as well as some other value-added functions, such as various financial management functions. The card types of China Construction Bank are:

Dragon Card Savings Card - Ordinary Card; Dragon Card Wealth Management Card - VIP Card; Dragon Card Quasi-Credit Card - Puka ; Dragon Card Quasi-Credit Card - Gold Card; Longka Car Ka-Puka ; Dragon Credit Card - Puka ; Dragon Credit Card - Gold Card; Longka Famous School Card - Puka ; Dragon Card Famous School Card - Gold Card.

If it is a US dollar, the four former state-owned banks of industry, agriculture, China, and construction, as well as many other banks, can deposit and withdraw foreign currency, and if it is a large currency such as the euro and the yen, the above banks can also deposit and withdraw.

Bank of China can provide you with personal foreign exchange deposits divided into: demand deposits, time deposits, call deposits, and other deposits approved by the regulatory authorities. Fixed deposits are divided into five grades according to the maturity: one month, three months, six months, one year and two years.

The above deposits are divided into cash accounts and cash accounts. You can choose a variety of deposit methods such as ordinary passbook, current passbook, fixed pass, fixed deposit certificate, etc.

At present, the debit card of the bank can basically handle the deposit of foreign exchange. China CITIC Bank, China Merchants Bank, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Agricultural Bank of China, Minsheng Bank, China Everbright Bank, etc.

The U.S. dollar is the world's most important currency, and all state-owned commercial banks and many joint-stock banks can open dual-currency credit cards including U.S. dollars.

ICBC can now deposit US dollars, and if the accounts opened by bank cards and passbooks are multi-currency, they can deposit not only RMB but also US dollars and Hong Kong dollars.

All bank outlets with the unified service logo of personal domestic and foreign currency exchange shall handle foreign currency storage business as shown in the figure below.

Hello friends, Bank of China can deposit US dollars.

Most banks in China can exchange US dollars, but it does not mean that every business hall can exchange US dollars, if we see the sign or logo of a foreign currency exchange agency outside the bank, then it means that this bank business hall can exchange US dollars. Bank of China can exchange the most foreign currencies.

Bank of China is a bank that specializes in handling foreign currencies and can be deposited into Bank of China.

Anyway, the four major lines are basically fine.

The little ones don't know.

I guess I think there is basically this business.

Article 31 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange Article 31 Where an individual deposits foreign currency cash into a foreign exchange savings account with a cumulative equivalent value of less than US$5,000 (inclusive) on the same day, he or she may apply directly at the bank; If the amount exceeds the above-mentioned amount, the applicant shall apply at the bank with his/her valid identity document, the Declaration Form for Baggage and Articles of the Customs of the People's Republic of China for Inbound Passengers, signed and stamped by the Customs, or the withdrawal slip of foreign currency cash from the original deposit bank. The bank should indicate the name of the depository bank, the deposit amount and the deposit date on the relevant documents.

Translation: For foreign currency cash deposited in China, you can do it directly if you deposit less than 5,000 US dollars, and you need to provide a withdrawal slip from your other bank or a "declaration form" (foreigners provide this mostly).

To add to the note, if you want to deposit $8,000, it is theoretically possible to provide a $5,000 voucher from other banks (that is, to provide the difference), but now the management is getting stricter and stricter, and many banks will be required to "due diligence" and require a "full certificate", that is, to deposit $8,000, you must provide a $8,000 withdrawal slip from another bank.

2.Take 10,000:

Article 30 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange Where an individual withdraws foreign currency cash with an accumulated equivalent value of less than US$10,000 (inclusive) on the day of withdrawal, he or she may handle it directly at the bank; If the amount exceeds the above-mentioned amount, it shall be reported to the foreign exchange bureau where the bank is located in advance with the person's valid identity certificate, proof of the purpose of withdrawal and other materials. The bank shall handle the procedures for withdrawing foreign currency cash for individuals with their valid identity documents and the Filing Form for Withdrawal of Foreign Currency Notes signed and sealed by the State Administration of Foreign Exchange (Appendix 1).

Any bank can be used, and you can exchange and deposit with your ID card.

Is it cost-effective to save US dollars or RMB? At present, the US dollar is around the yuan, that is, 1 US dollar is about equal to the yuan. Let's say you deposit 100,000 yuan to the Bank of China.

In China, the exchange rate is different every day, and when you need to exchange RMB, you need to deduct various handling fees, and you can sit and wait for interest to be charged when you deposit RMB.

Now that the renminbi is depreciating, why do you still save renminbi. You can't get much money if you save it, so it's better to make financial products. The yield will definitely be higher than the interest.

Summary. Hello dear! There are mainly the following types of banks to consider:

1. The interest rates on US dollar deposits of state-owned banks such as the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China are generally low, with the annual interest rate for current deposits and withdrawals being the annual interest rate for one-year lump sum deposits and withdrawals, and the annual interest rates for two-year lump sum deposits and withdrawals. 2. China Merchants Bank, a joint-stock bank: the annual interest rate of the current deposit is, the annual interest rate of the one-year lump sum deposit and the annual interest rate of the two-year lump sum deposit and withdrawal is.

Minsheng Bank: The annual interest rate of the current deposit is, the annual interest rate of the one-year lump sum deposit and the annual interest rate of the two-year lump sum deposit and withdrawal is. China CITIC Bank, Shanghai Pudong Development Bank:

The annual interest rate of the current account is, the annual interest rate of the one-year lump sum deposit and the annual interest rate of the two-year lump sum deposit is. In the renminbi savings business, the deposit interest rate of joint-stock banks is generally higher than that of state-owned banks, but the interest rate on US dollar savings is lower than that of state-owned banks.

Hello dear! The following types of banks can be considered: 1. The interest rates on US dollar deposits of state-owned banks such as the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China are generally low, and the annual interest rate for demand deposits is the annual interest rate for one-year lump sum deposits and withdrawals, and the annual interest rates for two-year lump sum deposits and withdrawals are low.

2. China Merchants Bank, a joint-stock bank: the annual interest rate of the current deposit is, the annual interest rate of the one-year lump sum deposit and the annual interest rate of the two-year lump sum deposit and withdrawal is. Minsheng Bank:

The annual interest rate of the current account is, the annual interest rate of the one-year lump sum deposit and the annual interest rate of the two-year lump sum deposit is. China CITIC Bank, Shanghai Pudong Development Bank: The annual interest rate of the current deposit is, the annual interest rate of the one-year lump sum deposit is, and the annual interest rate of the two-year lump sum deposit and withdrawal is.

In terms of RMB savings business, the deposit interest rate of joint-stock banks is generally higher than that of state-owned banks, but the interest rate of US dollar savings is not as good as that of state-owned banks.

Exchange rate, also known as foreign exchange rate, foreign exchange rate or foreign exchange market, refers to the exchange rate between two currencies, and can also be regarded as the value of one country's currency against another. The exchange rate is a financial means for various countries to achieve their political goals, and the change of the exchange rate has a direct regulating effect on a country's import and export. Under certain conditions, by devaluing the country's currency to the outside world, that is, to reduce the exchange rate, the Hui people will play a role in promoting exports and restricting imports; On the contrary, the appreciation of the national currency to the outside world, that is, the rise of the exchange rate, plays a role in restricting exports and promoting imports.

Exchange rates are usually expressed in two ways, namely the local currency exchange rate and the foreign currency exchange rate. It is expressed as the amount of foreign currency that can be exchanged for a unit of domestic currency, which is called the local currency exchange rate, and its formula is 100 = x foreign currency; It is expressed in terms of the amount of domestic currency that can be exchanged for a unit of foreign currency, which is called the foreign exchange rate, and its formula is 100 units of foreign currency = x.