5年期存款停售！低利率下，美国日本的老百姓咋理财？

Core Viewpoint - The trend of phasing out five-year deposits indicates the end of an era where banks relied on high-interest, long-term deposits for easy profits, signaling a shift in the banking landscape [1]. Group 1: Historical Context of Five-Year Deposits - Five-year deposits have been a staple since the establishment of the banking system in New China [2]. - In the early 1990s, five-year deposit rates peaked at 13.9%, allowing significant interest earnings [3][4]. - The economic environment during that time was characterized by high growth and inflation, leading to a strong demand for bank loans [6][7]. Group 2: Current Banking Environment - The current financial landscape has shifted to an "asset shortage" era, where there is an abundance of money but a scarcity of viable investment opportunities [11]. - Banks are facing dual challenges: declining interest rates and a decrease in loan demand from both individuals and businesses [13]. - The low-interest environment is expected to persist, affecting the viability of long-term, high-yield deposit products [14]. Group 3: Changes in Investment Products - The availability of safe investment options like deposits, government bonds, and insurance products is diminishing, with yields decreasing significantly [21][23]. - Trust products, once favored by wealthy individuals, are facing a crisis due to defaults linked to the real estate sector [25]. - Bank wealth management products have transitioned to a net value model, requiring investors to accept the risk of potential losses [27]. Group 4: Global Comparisons and Strategies - In mature markets, the trend is towards shorter deposit terms, with banks encouraging shorter-term savings [17][18]. - The U.S. and Japan have seen their citizens adapt to low-interest environments by shifting investments towards equities and other assets [35][46]. - Japanese citizens have historically maintained a high proportion of savings in deposits, but this has limited their investment opportunities [46]. Group 5: Future Investment Strategies - With the end of the "no-risk, high-yield" era, investors must either accept higher risks or find alternative ways to secure current interest rates [32][33]. - Strategies from other countries, such as embracing equity investments or utilizing savings insurance to lock in rates, may offer insights for domestic investors [35][45]. - The current environment suggests that long-term savings insurance products may still provide reasonable returns, but investors should be cautious about liquidity needs [56][58].