How Do You Manage Your Money Bag After Raising Interest Rates? &Nbsp; 6 Recruit Financial Management Is More Cost-Effective.

From October 20, 2010 onwards,

1. Deposits: increase in the pfer of deposits

After the central bank raised interest rates, the Public Li aunt took the newly issued passbook to the Bank of Dongshan Branch of the Bank of China to ask for a pfer, so that the new deposit interest rate could be enjoyed in time.

According to the deposit interest rate adjusted by the central bank, the interest rate of demand deposits remains unchanged at 0.36%. The one-year deposit rate has increased by 25 basis points, from 2.25% to 2.5%, and the two year deposit rate has increased by 46 basis points, from 2.79% to 3.25%. The three year deposit rate has increased from 3.33% to 3.85%, and the interest rate of the deposit has increased from 3.85% to less, and the longer the deposit period, the greater the interest rate increase.

The lobby manager of Dongshan Branch of the Bank of China told reporters that after the central bank raised interest rates, the number of people coming to handle the pfer obviously increased. Some of them had just been stored for a long time, and some of them had a longer fixed deposit period, such as the 5 year fixed deposit and the timely pfer of interest rates after the interest rate was raised, so as not to lose interest.

However, not all pfers are cost-effective. Since the interest rate on deposits has been calculated on demand as a result of the pfer, if the deposit period is longer, the pfer may not be worth the gain.

Recommendation: 1 year fixed deposit exceeding 42 days deposit is not cost-effective.

In the long run, how long does a time deposit take effect? According to the bank financial planner, the time limit for pfer is: the interest rate days (adjusted interest rate adjusted interest rate) (adjusted interest rate and current interest rate), and the time limit for one year deposit pfer is =360 * 1 x (2.5-2.25) (2.5-0.36) =42.06 days, and the 3 year and 5 year pfer periods are 175 days and 285 days respectively.

By comparison, bank financial planners believe that a one-year deposit is more than 42 days.

2. Advance repayment: increased number of applicants for consultation.

With the increase of deposit interest rate, the benchmark interest rate of loans over 5 years has increased from 5.94% to 6.14%.

For the people who buy a house, the loan amount is 1 million 500 thousand yuan, and the repayment period is 20 years. The monthly payment must be 173 yuan.

Reporters interviewed found that because of the increase in loan interest, many people began to consult early repayment of housing loans.

People in the Tianhe sub branch of the Bank of China said that the number of people who choose to repay the loan in the near future has obviously increased. If the central bank raises interest rates, it will not increase immediately.

However, CITIC Bank Guangzhou Garden branch financial management manager told reporters that the current application for early repayment of the loan is not many, because the continuous 2~3 interest rate cuts, loan interest rates have been very low, at the end of the year whether there is a large number of early repayment of loans is still hard to say.

CITIC Bank, the financial manager told reporters that considering the early repayment of the loan is not a better way of investment of the public, if good investments, such as stocks, funds, etc., do not have to worry about early repayment of loans, the central bank's interest rate hike is still small, if the end of the year to raise interest rates again, it will be considered later.

In addition, if the interest rate is to float downward, it is prudent to choose to repay the loan ahead of schedule. At present, the bank mortgage policy is tightening, the first mortgage interest rate will generally float about 15%, the two suite loan interest rate will float at least 10%, and the three suite will stop lending. Once the loan is paid in advance, it will be even more difficult to apply for interest rate loans.

It is understood that many banks in advance to repay the loan to pay a certain penalty, such as the behavior of one month interest.

3. Insurance: it has little effect on the insured.

With the increase in interest rates on bank deposits, part of the funds to be prepared to buy insurance may return to bank deposits. For this reason, the insurance industry insiders analysis that interest rate increases may have certain impact on insurance sales, but have little impact on those who have purchased insurance policies.

Xu Yao, chief financial officer of Taiping Life, believes that raising interest rates will have a certain impact on the insurance market. At present, the public's recognition of insurance is not high. Once interest rates are raised, many people will have "wait and see" wait-and-see mentality. Due to the general return rate of financial insurance, many citizens will prefer to have their money in the bank, so they will have an impact on financial insurance.

But for those who have purchased insurance, considering the characteristics of long-term financial management and protection, it is unlikely that they will choose to surrender.

Suggestion: financial insurance benefits increase.

At present, the insurance products in the market are mainly dividend insurance, such as the proportion of the share premium of national life insurance and Tai Bao insurance is above 80%, and the safe dividend insurance reaches 40%. Last year, the total yield of dividend insurance reached 3%~5%.

Xu Yao believes that with the rise in interest rates, the investment yield of insurance funds will increase and dividends will also be increased. Therefore, from a long-term perspective, the public's concerns about financial products are totally unnecessary.

In addition, the current market is relatively low risk of universal insurance, raising interest rates will boost universal risk insurance, at present, the main insurance company omnipotent insurance settlement interest rate has dropped to below 4%, less than 5 year bank deposit rate.

However, the adjustment of the universal risk yield rate lags behind the deposit interest rate, so the universal insurance market will not have much impact in the near future.

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4. Financial products: the public favors the short term.

Chen Yufeng, a financial planner of Pudong Development Bank, told reporters that the recent increase in the number of people buying short term products was obvious. Many people bought a one-year product simply because the interest rate hike had not been landed. The interest rate hike has already started, and the public is more willing to invest in short-term products.

Bank rate network analyst said that after the interest rate hike, especially in the context of further increase in interest rates, the market interest rate of interbank bonds is expected to further rise, which will lead to the increase in the yield of RMB financial products and money market funds based on market interest rates.

Affected by the new regulation of "bank credit cooperation", the issuance of bank credit products decreased, bond products and monetary products increased significantly, and gradually became a substitute for credit products. Such products were not highly profitable, but they had both security and liquidity. Especially with the advent of interest rate cycles, the profits of such products would continue to rise.

Recommendation: Choose 6 months ~1 year products.

Although interest rates have been launched in the long run, interest rate increases will not be too fast, and the market is unlikely to raise interest rates again during the year. Therefore, investors are advised to choose 6 month ~1 products. At present, the expected yield of such products is around 3.5%, though not necessarily able to win inflation, but higher than the time deposits of banks, and the investment is more robust and suitable for risk averse investors.

5. Gold: gold price or "fever"

Since September, the international gold price has reached a record high for 16 consecutive times, approaching the US $1400 mark per ounce, and the domestic gold price is also approaching 290 yuan / gram.

Although gold prices have climbed all the way, the enthusiasm of citizens to buy gold has not diminished.

The central bank's unexpected increase in interest rates has played a cooling role in the continued rise in gold prices. Analysts believe that gold prices may continue to be callback.

Jinding gold group chief analyst Peng Zhihui believes that the central bank raised interest rates, the United States has become the biggest beneficiary, rising 1.56% on a single day, and the dollar quoted in gold fell by 37 US dollars per ounce or 2.71%.

The reasons for this are: on the one hand, the central bank raises interest rates to recover domestic liquidity and suppress commodities and stock markets. On the other hand, the market leads to the anticipation of China's entry into the interest rate cycle, which creates psychological pressure on investors, and the risk preference of investors decreases.

Suggestion: careful participation in short term investment.

With the rise of the US dollar, whether the gold price adjustment brings investors an opportunity to intervene? Chen Yufeng, a financial planner of Pudong Development Bank, believes that because gold is more indirect than the impact of domestic interest rate increases, the gold price is short term callback, but the long-term trend is still upward. At present, gold prices are at a high level, investors can participate in short-term investments prudently, and long-term investment is no longer suitable.

6. Fund: partial equity fund.

In the case of fund investors, the interest rate increase means inflation pressure is increasing. To avoid asset depreciation caused by negative interest rates, investment must be made to fight inflation. Equity fund is still the main investment option.

Historically, in a strong market, stock market and equity funds usually perform more frequently after raising interest rates.

In the month after the 8 increase in the last round of interest rates, the average net value of equity funds rose after the 7 increase in interest rates in 2004, except for the downturn in the market.

In addition, raising interest rates is a long-term and clear good for the money market, which will boost the proceeds of the Monetary Fund in the medium and long term.

Recommendation: avoid bond funds in the short term

For bond funds, there will be a certain impact in the short term, bond prices will be more obvious in the short term, therefore, in the short term, it can avoid bond funds, and other market after the impact of indigestion and then choose to enter.