大额存单

大額存單

dà'échúndān

noun

Meanings

1 certificate of deposit
2 large-denomination CD

Characters

certificate; slip

Examples

大额存单起存金额通常是二十万。

Dà'é cúndān qǐcún jīn'é tōngcháng shì èrshí wàn.

The minimum deposit for a CD is typically 200,000 yuan.

她把积蓄买成了三年期大额存单。

Tā bǎ jīxù mǎi chéng le sān nián qī dà'é cúndān.

She put her savings into a three-year CD.

Tips

culture

Introduced by the PBOC in 2015, 大额存单 is China's version of the US CD — higher interest than a regular savings account but with a 200,000 RMB minimum deposit. Popular with conservative savers avoiding stock-market risk.

Stroke Order

大 dà

额 é

存 cún

单 dān