What's the difference between agreement deposit and agreement deposit?

Both bank agreement deposits and bank agreement deposits belong to bank deposits, but there are essential differences between them, mainly in three aspects, as follows:

1. They are aimed at different specific objects.

Bank agreement deposits are mainly aimed at some special funds. These funds include insurance funds, social security funds, pension funds and so on. However, there is no fixed target for bank agreement deposits, as long as the investor's investment amount meets the relevant deposit requirements.

2. The deposit term is different.

Due to the particularity of the target object, the deposit period of bank agreement deposits is usually long, usually for several years. The deposit term of bank agreement deposit is different from that of agreement deposit, and its deposit term is generally short, usually not more than one year.

3. The analysis methods are different.

The interest on bank deposits is usually a part, and the interest rate is agreed by investors and banks. However, the interest rate of bank deposits is not completely agreed by both parties. Its interest rate usually consists of two parts. The deposit quota interest rate agreed by both parties is fixed according to the current interest rate on the withdrawal date. The interest rate of the balance needs to be agreed by both parties.

4. Their functions are different.

The funds deposited in the bank agreement deposit can be withdrawn in advance, and the vouchers of the bank agreement deposit can be used as collateral for financing. Bank agreement deposit is just a deposit method and has no financing function.

Extended data:

Agreement deposit is a deposit business with a certain term and a certain amount or more handled by banks and other institutions, legal persons or institutions authorized by legal persons in accordance with the relevant provisions of the People's Bank of China and the China Banking Regulatory Commission.

According to the regulations of the People's Bank of China or China Banking Regulatory Commission, agreement deposit is a kind of RMB deposit with long deposit term, large initial deposit amount, interest rate, term, interest settlement method, penalty standard and other special funds in China. This deposit can be used as a long-term source of funds for deposit-taking financial institutions, and it is not an interbank deposit, so it should be included in the loan-to-deposit ratio index. Agreement deposit cannot be withdrawn in advance, and its agreement deposit certificate can be used as financing pledge.

Agreement deposits allocated by money market funds belong to the category of interbank deposits. Unlike ordinary deposits, there is no need to pay 20% of the statutory deposit reserve, and you can also enjoy the preferential interest-free penalty interest.