Accumulated and idle money of local people is continually flowing into banks in the context of increasing savings interest rates and rising risks of other investment channels amid the global uncertainties.
Personal bank deposits has decreased consecutively for the past two months as depositors have withdrawn their savings to pour into more attractive investment channels amid declining deposit interest rates.
Money should go into bank deposits or the property market as the
economy is warming up and these investment channels appear safe and
attractive enough, experts said.
Shares and bank deposits are seen as being safe investments in 2014,
said banking and financial experts during an online-investment forum
hosted by BizLive.