Is Tangshan Bank Tang Xingbao a deposit or a financial management company?

Tang Xingbao launched by Tangshan Bank is still a kind of deposit, which is a demand deposit with daily interest. The latest interest rate announced on October 20, 2021 is 2.60%. Since its launch, Tangxing Bao of Tangshan Bank has been divided into three series: Tang Xingbao A, Tang Xingbao B and Tang Xingbao C. The total capital scale of these three series is 1 billion yuan, 1.2 billion yuan and 1.5 billion yuan respectively. The product interest rate varies with Tang Xingbao. The total amount within the product series increases. The system determines the interest rate of the product on that day based on the total amount of each product in the Tang Xingbao series, and transfers the interest to the corresponding Tang Xingbao account of the deposit user in the morning of the next day. After the amounts of Tang Xingbao A, B, and C are full, the product interest rate can be as high as 3 respectively. %, 2.95%, 2.93%.

The characteristics of Tang Xingbao’s products are that it is a deposit product with guaranteed principal and interest, 7×24 hours deposit and withdrawal, without any restrictions on withdrawal time, amount, and number of times; it has regular income, and the product interest rate is based on The overall scale is determined. The larger the scale, the higher the interest rate; the threshold is low, with a minimum deposit of 1 point to enjoy high returns. It is a tool for increasing the value of change, and you can also enjoy regular returns on turnover; interest is settled daily, and the interest on demand deposits starts on the same day when deposited. The interest will be credited to your account the next day, and the income will be visible every day; interest will be compounded every day, and the interest on the daily balance of the deposit will be rolled into the next day's deposit. Compound interest will give you higher income.

Tangshan Bank, which launched Tangxingbao, is also a state-owned bank, with guaranteed financial services and safety. Bank of Tangshan Co., Ltd. (BOTS for short in English) was established in June 1998. It is a state-owned joint-stock commercial bank with independent legal personality. It currently has nearly 1,400 employees and 68 branches. Its outlets cover Tangshan City and other major cities. County. In April 2021, it was commended by the Hebei Provincial Party Committee and the Hebei Provincial People's Government as the "Advanced Collective for Poverty Alleviation in Hebei Province".

In addition to normal deposits and withdrawals, Tangshan Bank has also developed a large-amount payment system; a small-amount payment system: regular debits and regular credits, realizing regular batch transactions across banks and regions. Receipt and distribution business; National Check Image Exchange System: realizing the universality of checks across the country; accounts receivable pledge loans; real estate development loans and other businesses.