Today, my wife and I went to deposit money and noticed that the Harbin Bank's deposit interest rate was as high as 2.8%, while the rates at the Bank of Communications and the Agricultural Bank of China were only 2.4%. So, we were preparing to deposit our money in Harbin Bank. However, we were concerned about the strength of Harbin Bank and worried that the principal would not be guaranteed after depositing. It is important to know that the stock price of Harbin Bank, which is listed in Hong Kong, is only 0.24 Hong Kong dollars per share, indicating that the company's fundamentals are not very good. How can this make people feel at ease?

Fortunately, I looked up and saw a sign hanging on the wall of Harbin Bank: Deposit Insurance.

This indicates that the deposits of this bank are protected by deposit insurance. According to the "Deposit Insurance Regulations," under specified circumstances, the total amount of principal and interest of deposits by the same depositor in the same institution within RMB 500,000 will be fully compensated by the deposit insurance. The part exceeding the maximum compensation limit will be compensated from the liquidated assets of the insured institution.

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In other words, this bank has purchased insurance. If our deposited money, including principal and interest, is less than 500,000 yuan, and the bank is unable to pay at that time, the insurance company or relevant departments will compensate us in full on behalf of the bank. If it exceeds 500,000 yuan, we will have to seek compensation from the assets of the bank's bankruptcy liquidation.

However, we should pay attention that the wealth management products and funds purchased in the bank are not covered by compensation. This compensation is limited to deposits within 500,000 yuan. In fact, I had some understanding of this matter before, but I had not experienced it personally. This time, I experienced it myself. So, friends, as long as there is such a "deposit insurance" sign outside and inside the bank, we can deposit money with confidence, as long as it does not exceed 500,000 yuan.

Therefore, I finally chose to deposit a portion of the funds in Harbin Bank. What I want to say is that ordinary people should actually choose small banks for depositing money first. In the context of increasingly lower interest rates, small banks offer higher interest rates, and most of them have "deposit insurance," so there is no risk in depositing money in small banks. There is no need to blindly trust large banks.

Moreover, the interest rate difference between the two is at least 0.4 percentage points. If we deposit 200,000 yuan, the interest difference after three years will reach 2,400 yuan. This amount of money is not a small number for ordinary people. If our ordinary people's deposits are 300,000 or 400,000, the interest difference between large banks and small banks will be even greater.

In fact, if ordinary people want to obtain higher interest with low risk or even zero risk, there are many methods available. For example, purchasing bond funds, purchasing income certificates from securities firms, and purchasing convertible bonds may all yield interest rates exceeding 3% or even 4%. It's just that the procedures are a bit more troublesome than bank deposits. If ordinary people are not afraid of trouble and put in some effort, they can definitely earn higher interest than bank deposits.Of course, no financial product can yield as much as equity assets like stocks and equity funds. I believe that for ordinary people, most of the funds should be invested in fixed-income products such as deposits or bond funds, and a small part of the funds should be used to buy broad-based index funds, which should be the most suitable investment method.

Those with more idle money at home or those with stronger risk tolerance are more suitable for investing most of their funds in stocks or equity funds. Currently, the A-share market is rotating quickly, last week was the domain of the artificial intelligence sector, yesterday was a big rise in photovoltaics, and today's hot spot has become the supreme white liquor. The frequent changes in hot spots obviously make it difficult to make money by following the trend.

In my view, if you want to make a lot of money in stock and fund investments, it is essentially similar to saving money. In most cases, we must firmly hold the position for many years without moving. Those who catch hot spots every day and do high sell and low buy have not made much money in ten or twenty years. Only those who insist on buying stocks like deposits and do not move can finally make money.