In the city of Beijing at the beginning of February, the ice and snow are gradually beginning to melt, and spring has arrived.

For the people of Beijing, there is a novelty in Beijing, that is, in the four directions of southeast, northwest and northwest, there are four 'Daming Royal Banks'.

On the opening day, many people went in and took a few looks, and immediately learned that they could deposit their money in the 'Daming Royal Bank', with an interest rate of 10% per year. At the same time, you can borrow money from a bank, as long as you have a mortgage, and the interest rate is 15% per year.

At the same time, you can open an account for one or two silver, and there is no cost to open an account.

For people at this time, such a bank has never been seen before. Although those Shanxi ticket numbers are convenient, but the money is deposited in the Shanxi ticket number, not only there is no interest, but people still have to charge fees.

Saving spare money in the bank, saving for one year has a 5% interest, saving for three years has a 7% interest rate, and saving for five years can get a 10% interest rate, which makes many people very tempted, but there is no rush to save money.

Many people still have doubts, what if the silver is stored and can't be taken out?

The whole world belongs to the emperor, in case the emperor says that the money is also his, isn't it blood mold? So many people began to wait and see.

Still, there were people who tried to keep their money in the bank, and the results were ...... As a result, you can take it out at any time when you want to use it. Just withdraw more than 100 taels, you need to make an appointment two days in advance.

Zhu Youxiao did not go to the barracks on the opening day of the Daming Royal Bank, but came to the street to observe. People have gone in a lot, but they don't save so much.

Knowing the concerns of the people, Zhu Youxiao was depressed on the spot, and originally thought that the royal reputation would make the people feel at ease to deposit their money in the bank, but instead of thinking about it, it became a problem that some people were worried about.

"Li Jinzhong, you ask people to go to the bank to hang up a sign and write on it 'Jun Wu joke'." Zhu Youxiao was depressed, so he could only use his brain, and then he had an idea and immediately instructed Li Jinzhong.

"Yes, Your Majesty." Li Jinzhong bowed down and hurriedly went to make arrangements.

When this sign was put out, the banking business suddenly exploded. Many ordinary people finally had the courage to deposit their money in the Daming Royal Bank.

10% interest per annum! This is a great attraction for many people. If you save 10 taels of silver, then you can get an extra 1 tael of silver every year.

If you deposit 100 taels of silver into the bank, you will have an interest of 10 taels of silver every year, which is equivalent to getting a sufficient financial source to support your life without having to work.

It is said that the 10% interest is indeed relatively high, and in order to gather the idle funds of the people, Zhu Youxiao has no way to offer such a high interest.

Banks and depositors are also in a relationship between a buyer's market and a seller's market. When banks were not widespread, they had to offer higher interest rates to attract people to deposit their money in the bank. At this time, the depositors have an advantage, and when the society has developed to a certain extent, and people have become inseparable from the bank, this is the time when the bank has the advantage, and the state can continue to reduce salaries, and even reduce the interest to almost nothing.

Zhu Youxiao also wanted to offer a few tenths of an interest, but that would not attract depositors at all.

Although the annual interest rate of 10% is high, it is still fully supportable compared to the investment return that can be earned. After all, the emperor has a lot of official power, and he can't make 10% of the profits, so it's better to die headlong.

In order to attract depositors, the Daming Royal Bank also issued money boxes to the people, who could usually save broken silver and copper coins, and then get the bank account to open a deposit.

As for other businesses, not yet.

Compared with the Shanxi ticket number that is common to each other, the newly established Daming Royal Bank is more like a guarantee company in later generations, and there is not much difference between opening an account after depositing money, and making a note with a guarantee company in later generations.

However, Daming Royal Bank is a banking system after all, and as long as the scale is expanded, various businesses will be improved one after another. In addition, the deposit can get interest, and it has a competitive advantage that the bank does not have.

After the opening of the four Daming Royal Banks in the capital, they absorbed 830,000 taels of deposits on the first day. Coupled with Zhu Youxiao's 1 million taels of principal, he already has a capital of 1.83 million.

The next day, the attracted deposits suddenly soared to 3.2 million taels, and many nobles and businessmen deposited their money into the Daming Royal Bank for interest.

The president of the Daming Royal Bank is called Yang Ruiguo, the layer is the shopkeeper of the Shanxi ticket number, and was dug up by the royal high price, and when the bank was formed, he had a lot of business philosophy exchanges with Zhu Youxiao, and he is a shrewd and capable talent.

After absorbing deposits, it is natural to lend.

In terms of lending, Yang Ruiguo and the emperor agreed on the condition that they must be mortgaged, so as to strictly control the risk. As a bank run by the royal family, if there is a large number of dead debts and collapses, the reputation will be notorious.

Therefore, when Daming Royal Bank issued loans to the private sector, the appraisal of mortgage assets was very strict. A house worth 100 taels of silver, mortgaged to the Daming Royal Bank, can only be loaned to 60 taels of silver. If the loan cannot be replaced, the collateral assets are confiscated by the bank.

Private lending is not the main force, but the main force is self-investment.

Cao Jinyu's grain store has also been opened, and in the Gyeonggi area, a sales channel has been formed by using the network of royal stores.

However, this grain store is not in the name of the royal family, and is still operating as a private businessman. At the same time, Zhu Youxiao, on the grounds that he had made a meritorious contribution to buying horses, issued an order to allow Cao Jinyu to participate in the grain trading in various states and counties, and to give priority to Cao Jinyu.

When the Donglin Party learned of this holy decree, they didn't think much about it. I only thought that Cao Jinyu got this privilege because of his merit in buying horses. So the Donglin Party did not object, after all, a small businessman, even if he can give priority to the purchase of government grain, the scope cannot be too large, after all, the financial resources are limited!

It's just that what the Donglin Party doesn't know is that Cao Jinyu's grain business is owned by the emperor, and with the establishment of the Daming Royal Bank, there is no need to worry about the future.

Zhu Youxiao's move to repair the plank road is dark and Chencang, and it has basically succeeded. Cao Jinyu, who received the holy oracle, can buy discounted grain in various states and counties when the northern summer harvest is in the north this year.

However, investing in agriculture was a project that Zhu Youxiao had planned for a long time, and Sun Chengzong pointed out at the beginning that the water conservancy in the north had been in disrepair for a long time, and natural disasters had caused a large amount of land to be abandoned.

Since there is a lot of wasteland, and there are still many displaced people in the north.

Then it is obviously profitable to invest in agriculture, and the royal estate does not have to pay taxes, and the royal rent can be set by the royal family. The price of grain in the north is relatively high, but the economy in the north is not developed, which means that the north is in a state of food shortage, and there is no worry about the market for grain production.

In the future, the development of industry is also inseparable from agriculture. Agriculture is the foundation of industry, and people have to eat enough to engage in industry. Most importantly, investing in agriculture can also reassure the people, which is the key to stabilizing the north.

Zhu Youxiao made up his mind and immediately summoned Cao Jinyu, Sun Chengzong and others respectively to inquire about Tuntian.