Is Fixed Forex Right For Me? Ana…

In recent years, many banks have launched foreign currency fixed deposit services, and the high interest rate discounts offered are very attractive. However, before deciding to deposit fixed deposits, what should we pay attention to? Next, we will take you to understand the concept of foreign exchange fixed deposits And the right object, analyze the advantages and disadvantages of popular 定期存款 such as the US dollar, master 3 skills to choose foreign exchange fixed deposits, and help you use foreign exchange funds correctly and manage funds easily!

Understand the concept of foreign currency fixed deposit

Foreign currency deposit refers to converting RMB into foreign currency and depositing it into a foreign currency account, or depositing a foreign currency (such as US dollar, euro) into a bank account and setting a term in the bank in advance for investment and wealth management. The period is from one week to one year, and no withdrawal shall be made before the agreed period expires. During this period, the fixed deposit can charge interest on a monthly basis or when the contract expires, and the interest can be charged along with the principal.

Who is the fixed foreign currency fixed deposit suitable for? Three main applicable ethnic groups are introduced

Foreign currency time deposits are a better way of personal financial management and are applicable to the following three categories:

1. people who travel abroad regularly

Those who travel abroad on a regular basis can deposit foreign currency as a travel fund during the period of going abroad, and withdraw it as the next travel fund when the period expires.

2. Students who are ready to study abroad

parents can set up an education fund for their own survival, or move locally after completing their studies abroad.

3. Investors familiar with foreign exchange trading

If you are familiar with foreign exchange transactions and can grasp the exchange rate trends of the major currency countries of the company, you can obtain foreign exchange spreads and fixed deposit interest rates through the investment method of foreign currency fixed deposits.