On April 10, “During this period of time, the interest rate of one-year U.S. dollar time deposits can reach up to 5.2%. Currently, it is basically around 4.7%. With a slight correction, you can buy it with 2,000 U.S. dollars.” A financial manager of the Agricultural Bank of China in Beijing told reporters express.
As the Federal Reserve continues to raise interest rates, the US dollar time deposit rate continues to rise, and many banks have raised it to more than 5% this year.
Although affected by risk factors such as Silicon Valley Bank recently, the US dollar deposit interest rate has dropped, but it has remained above 4%.
Behind the high returns, experts suggest that although regular products can lock in benefits in advance, investors still need to fully consider the loss of earnings caused by exchange rate fluctuations and exchange costs.