The seventh batch of silver bonds launched by the government will be subscribed from tomorrow (23rd). Are silver bonds worth buying? If I decide to smoke, what should I pay attention to? Here are the top 3 questions to ask before drawing bank bonds!
Question 1: Who is eligible to subscribe?
Although it is simply for the elderly 60 years old or above to subscribe, but if you pay attention to the government announcement, you will find that even if you are under 60 tomorrow, you can still apply! According to the announcement, it states that as long as the elders born in 1963 or before are eligible to subscribe, and the elders born in 1963 are only 59 years old this year, or 58 years old if they have not had their birthday, they are still eligible to apply, as long as 2023 or be 60 years old before.
Question 2: How many hands should be drawn?
This is probably a question that many people will ask. Although the maximum allotment amount for this issuance is set at 1 million yuan per investor, that is, each investor can only be allocated a maximum of 100 bonds, but according to the allotment situation last year, each investor can only be allocated a maximum of 14 bonds. If you put all 1 million yuan into the application for bank bonds, it may only become a refund in the end, or you may miss other investment opportunities with higher returns.
Chen Yingjie, the corporate financing manager of Phillip Securities, admitted that it would be a bit of a waste if investors put all 1 million yuan in to draw silver bonds, because it is impossible to subscribe for 100 lots. If you are prudent, you should subscribe for silver bonds at 200,000 to 300,000 yuan.
Zhou Guochang, deputy general manager of the Personal Digital Financial Products Department of BOC Hong Kong, believes that since the guaranteed interest rate of the seventh batch of silver bonds will increase from 3.5% last year to 4%, the issuance amount will increase to a maximum of 45 billion yuan. Under the circumstance of volatility, it is attractive to investors who are pursuing steady income. It is expected to be oversubscribed, and the subscription amount and the number of people have the opportunity to hit new highs. Due to the revolving distribution mechanism of silver bonds, customers are advised to subscribe for 25 to 30 lots. For customers with abundant funds, more than 30 lots can be considered.
Question 3: How many charges can a bank or brokerage waive?
In response to the issuance of bank bonds, various banks and securities companies will offer different subscription discounts for bank bonds, ranging from 5 to 10 fee waivers. Brokerages can waive more handling fees than banks. The brokers that temporarily waived the most fees include Chi Fortune Securities, Bright Talent Securities and UOB Kay Hian, with a total of 10 free offers.
However, it does not mean that the greater the number, the better. It is worth noting whether the bank has charged an early redemption fee. The biggest risk related to buying bank bonds is that the funds cannot be used for 3 years. If early redemption is required in the middle of the process, the bank or brokerage has the opportunity to charge it. Early redemption fee, but not every bank has waived this fee, investors should make more comparisons before subscribing.
In addition to brokerages, large banks such as HSBC and Hang Seng Bank （00011）
Standard Chartered Bank and Citibank have different discounts. The following will list the fees waived by each bank and brokerage for your reference!
■Brokers subscribe for silver bond discount ■
■Banks subscribe for bank bond discounts■
For more information on bank bonds, pay attentionSilver Bond 2022 Lazy Bag！
Responsible editor: Zheng Leyi
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