Worried about theft of deposits from your bank account? You may want to consider depositing your money in a stock trading account.
With the recent outbreak of bank deposit theft after bank deposit theft in the country, people are afraid to keep too much money in the bank and are looking for a second option other than a bank savings account. Stock trading account can be one of the channels.
As the name implies, a trading account is an account for trading stocks, and all domestic investment banks or institutions offer stock trading services. Users are required to open a trading account when trading stocks.
Stock trading account also offers interest rate of 1.50%p.a. for deposits. As long as you deposit your money into your trading account, you will receive interest at the end of each month.
Users can also withdraw and deposit money from their stock trading account at any time, but generally it takes up to 3 business days to withdraw. The bank account from which the money is received must be in your own name, so you do not have to worry about theft of your stock trading account deposits.
