Spring Edition touted financial products outside the expected return should pay attention to risk

 Close to the Spring Festival, people in the hands of idle funds increased, many people interested in short-term bank financial products launched in the Spring Festival, especially in some low-risk, high expected rate of return to seven or eight days for the duration varieties. But financial experts are also reminded investors to choose super-short-term financial products, not only look at the signs of the expected rate of return, but to pay attention to potential risks behind.

reporters recently in Jinan City, China Construction Bank, China Merchants Bank, part of the business outlets understand that the commercial banks have introduced sections of the appropriate period, income attractive financial products to market share, more than its investment targets for the money market instruments, bonds, credit and assets. Financial planner, said some banks, the high rate of return, the recent strong sales of such products, many of them have sold out. According to report preliminary estimates, if only briefly into the hands of the funds deposited in bank accounts on demand, the annual income rate is only 0.36%, while the select few banks Spring Edition financial products, the annual yield can reach more than 3% in general, higher than 4%. Industry sources, this lack of funds with the bank itself is related to absorption of funds for the purpose of banks will generally increase the expected rate of return.

In fact, the ultra-short-term financial products is not a very new way of managing money, the banks will not only focus on before the introduction of various holidays, and sometimes on weekends will have a similar product. General starting point for the amount of investment of 5 million, and some higher-yielding products, the starting point will be set to 10 million or more. Yu Han Road Jinan Branch of China Merchants Bank, Financial Planner, said Zhang Shuai, for some years more than 4% rate of return of financial products, starting in 20 million investment. However, the financial planning division also reminded the public in the selection of financial products can not only look at the expected rate of return, but also read the manual carefully to understand the investments, capital risk. If the risky investment targets, without commitment to preservation, although the expected return rate of marked, but the product may be hidden risk of principal loss. In addition, many financial products are sold and capital redemption of   period of time add up if such calculations may be significantly reduced level of capital gains, investors should have sufficient knowledge of this.