Chapter 68: Give you a chance to make a fortune!
As long as you are not a fool, you can basically realize the problem.
If everyone deposits money for a full year and then withdraws it, how can this bank pay the high interest? How can they make money?
As a qualified landlord, Qi Xiangyun was very perceptive about economic issues. He immediately realized that something was wrong with this bank and secretly smacked his lips: "Could this bank be a scam?"
The person in front listened to Qi Xiangyun's words, turned around and said with a smile: "Everyone thinks that this bank is not right, so although there are many people watching and talking about it, for a while, it seems that not many people go in to deposit money. Everyone is very worried about the reputation of Chengjin Bank. What if they are a scam?"
"Yes, if you want to save money, it's more reliable to find those time-honored money houses." Qi Xiangyun nodded, and then he was a little tempted: "But their interest rate is really enviable. If it's true... then basically I can get a lot of money for free every year."
As soon as these words were spoken, several people nearby echoed them.
"Yeah, I have a lot of money sitting around at home and it's just gathering dust. If I could earn some interest on it, that would be great."
"Yes, that's the truth."
"But the problem is, I'm afraid that Chengjin Bank is unreliable."
"How do they make a profit?" Qi Xiangyun asked. This question was very critical, even crucial.
"According to the people at Chengjin Money House, part of their business relies on lending, but more of it relies on the Chengjin Chamber of Commerce to make money! In the past few months, the Chengjin Chamber of Commerce made tens of millions of dollars by selling ice cubes!" A person nearby said, "They also said that the funds raised this time will also be used by the merchant to invest in business, so they will give such a high interest rate."
"I'm somewhat tempted by what you said, but I'm still a little worried. These are all my savings. It would be better to lend them to my family's hired farmers." Qi Xiangyun said, shaking his head.
When a landlord lends money to hired farmers, nine out of ten return the money, which is even more outrageous than the highest interest rate of Chengjin Money House.
The so-called "nine outs" does not mean that the loan principal is nine. For example, if you borrow 10,000 yuan, the nine outs means that you will only be given 9,000 yuan, and the deducted 1,000 yuan can be said to be the "handling fee"; the thirteenth return means that you have to pay back 13,000 yuan when it is due.
You should know that as long as you sign the loan agreement, you will have to pay back the same amount the next day.
The loan term is generally one month or three months, and the money must be repaid on maturity. Otherwise, the interest will compound and you will never be able to pay it back.
It was precisely by relying on this method of borrowing that the major landlords were able to successfully annex land and make countless hired farmers work for them for free.
Although Qi Xiangyun said this, he was actually tempted. After all, how much money could he make by lending money to farmers at high interest rates?
These farmers are extremely poor and there is not much money to be made from them. Even if the interest rate is high, they cannot make any money if they cannot collect the money or no one lends money.
After hesitating for a long time, Qi Xiangyun asked his servants to clear the way in front of him and help him pass through the crowd.
Soon, Qi Xiangyun walked into Chengjin Money House. He didn't know until he came in that there were already many people here depositing money. Each of them was holding a box or bundle, holding it tightly in their hands. Most of the boxes were filled with gold, silver and treasures.
A man dressed like Qi Xiangyun, with four servants by his side, was obviously very rich. If he walked into other money houses, someone would immediately come up to greet him and treat him with good wine and tea. But when he came here, no one came to greet him for a while!
How disrespectful this is!
Qi Xiangyun frowned. How could a distinguished guest like me be treated so disrespectfully?
Qi Xiangyun felt insulted. He immediately grabbed a servant and spoke, but his curse words turned into questions: "What is the rule for storing money here? How do you ensure its safety?"
"Hey! Stop pulling me!" The waiter was pulled and said impatiently, "Don't you see that there are people queuing over there? You have to take a number first, and then go to the counter to deposit money. Isn't there a notice posted over there? Can't you read? Go and take a look and you will know!"
Qi Xiangyun was very angry at being humiliated by a servant. Just as he was about to explode, he was pushed away by someone beside him. "Excuse me, it's my turn to deposit money!"
"Huh? Brother Qi, are you here to deposit money too?" The man recognized Qi Xiangyun and spoke in surprise.
"Brother Shi, are you here to save money? How much are you planning to save?" When Qi Xiangyun saw Shi Yugui, he was stunned and asked hurriedly.
"I don't have much saved, just ten kilograms of gold!" Shi Yugui said with a smile.
"So many?" Qi Xiangyun was a little surprised.
"Yes, only ten kilograms of gold, or one hundred thousand coins, can enjoy an annual interest rate of 10%." Shi Yugui patiently explained: "There is a notice over there, Brother Qi will know it at a glance, I will go to deposit the money first."
"Okay." Qi Xiangyun nodded helplessly.
Then he came to the queue and took a look at the notice posted by the money house. It stated the procedure for depositing money, with each step clearly written out. Next to the notice, there were also deposit instructions, and notices on how much money one deposited and how much interest one would enjoy. Each piece of information had a detailed introduction.
The minimum deposit amount for Chengjin Money House is 10,000 coins.
There is also a difference between dead survival and alive survival.
Fixed deposit means a time limit is set, such as three months, one year, or at most three years. The longer you save and the more you save, the higher the interest you will enjoy. However, if you withdraw the money midway, all the interest will be lost, and the money must be withdrawn when it matures.
The highest interest rate period is three years, and the deposit with the highest interest rate is 100 million coins, a total of 50%. After three years, you can get 250 million coins!
But if it is a current deposit, the interest rate will be very low. You can only enjoy an interest rate of 3% per year, no matter how much money you deposit, it is always 3%. But the advantage is that you can withdraw it at any time and there is some interest.
But this amount of interest is considered as a surcharge, and many people simply don't care about it. But in fact, if you calculate carefully, it is not too low. If you calculate it based on 100 million yuan, it would be 3 million yuan a year!
Thinking of this, Qi Xiangyun's eyes slightly turned red. He originally thought that Chengjin Bank might be a scam, but now looking at the detailed deposit introduction, he inexplicably felt that it was somewhat reliable...
Thinking back to the arrogant attitude of the servant towards him just now, if he didn't have something to rely on, he would never be so arrogant! Because it was others who begged them to save money! Instead of them serving others! Arrogance is understandable!
At this moment, Qi Xiangyun suddenly heard someone shouting at the counter: "The first batch of deposits will soon be used up, a total of 150 million yuan, and there is still 50 million yuan in deposits. After that, no more deposits will be accepted. You can only wait for the next batch of deposits to come out! By then, it may be three months, or it may be half a year!"
"What? You still have a deposit limit?" Qi Xiangyun was a little surprised. How could a bank not allow people to deposit money? At the same time, he couldn't believe that in such a short period of time, so many people had deposited 100 million yuan?
My God, did these people get their money from the wind? Aren’t they afraid of being cheated?
"Otherwise, if there is no restriction on the deposit limit, won't we have to pay countless interest? We are a business that makes money with money. The bigger the business, the more funds we need. That's why we opened this money house to give you a chance to make a fortune together!" The speaker was Ji Renyong, the owner of Chengjin Money House. At this moment, he spoke with full energy and confidence.
Shi Yugui, who had just said that he wanted to save ten kilograms of gold, immediately changed his mind: "I'll save twenty kilograms of gold, no, fifty kilograms! I'll ask someone to send the gold over right away!"
Seeing this scene, Qi Xiangyun, who originally had some doubts, became completely jealous and anxious!
