Recently, the central bank released a set of data: In the first five months, the bank deposits of ordinary people decreased by an astonishing 2.46 trillion yuan! The data for the same period last year showed that bank deposits increased by 987.3 billion yuan. What is even more worrying is that in May alone, residents’ deposits directly “evaporated” by 1.17 trillion yuan, marking the fourth consecutive month of net outflow. This has led many insiders to exclaim: Currently, the loss of bank deposits is becoming increasingly serious, and their appeal has also greatly declined. Especially for small and medium-sized banks, the pressure to attract deposits is extremely high.

The reason for the large-scale shift of deposits is that bank deposit interest rates have been continuously reduced in the past two years. The interest rates of all types of deposits have dropped to the “1 era”, setting a new historical low. However, the income of depositors is so pitifully low that many people can only invest their money in five other places. Let’s take a look together:

First, bank wealth management products have become highly sought-after.

Faced with the increasingly low interest rates of bank deposits, many depositors have invested their money in bank wealth management products. Data shows that in April, the scale of bank wealth management products soared by 2.1 trillion yuan, reaching a total of 31.3 trillion yuan, setting a new historical record. At present, the annualized yield rate of bank wealth management products is 2.4%-2.8%, which is much higher than the interest rate of bank deposits. As a result, many depositors directly turned their savings into bank wealth management products. However, bank wealth management products also carry certain risks, mainly reflected in the fact that the interest rates in the money market are getting lower and lower, while the risks in the bond market are rising.