The interest rates corresponding to different terms for a deposit of $100,000 are as follows:
3 months interest equals $100,000*1.43%/12*3=357.5 yuan;
6 months interest equals $100,000*1.69%/12*6=845 yuan;
1 year interest equals $100,000*1.95%=$1,950;
2 year interest equals $100,000*2.73%*2=$5,460;
3 year interest equals $100,000*3.575%*3=$10,725;
5 year interest equals $100,000*4%*5=$20,000;
Interest calculations are categorized into Accumulation of interest method and interest-by-accumulation method:
Accumulation of interest method according to the actual number of days of daily accumulation of account balance is to accumulate the number of accumulations multiplied by the daily rate of interest calculated.
Annual interest rate, the simplest way to say, is a year's deposit rate, the general financial or lending platform is the annual interest rate, then, are expressed in the form of a few percent.
Monthly interest rate, according to a month for the cycle of interest rates, the monthly interest rate is generally expressed in a few thousandths, if a platform shows 5 ‰, it must be the monthly interest rate.
Daily interest rate, as the name suggests, is calculated in accordance with the day for the interest cycle, generally expressed in a few ten thousandths.
One of the main banks' interest rates:
1, Pudong Development Bank:
The interest rate for demand deposits is 0.3%. Fixed deposit three months interest rate is, 1.5%, deposit six months interest rate is, 1.75%, deposit one year interest rate is, 2%, deposit two years interest rate is, 2.4%, deposit three years interest rate is, 2.8%, deposit five years interest rate is, 2.8%.
2, the five major state-owned commercial banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank of China, Bank of Communications):
Demand deposit interest rate is, 0.3%. Time deposit interest rate for three months, 1.35%, deposit interest rate for six months, 1.55%, deposit interest rate for one year, 1.75%, deposit interest rate for two years, 2.25%, deposit interest rate for three years, 2.75%, deposit interest rate for five years, 2.75%
3, China Merchants Bank:
Call deposit interest rate is, 0.35%. Time deposits three months interest rate is, 1.35%, deposit half a year interest rate is, 1.55%, deposit one year interest rate is, 1.75%, deposit two years interest rate is, 2.25%, deposit three years interest rate is, 2.75%, deposit five years interest rate is, 2.75%
Two, time deposits early withdrawal in accordance with the interest rate of the call rate, the current interest rate of call deposits of most banks is only 0.3% or 0.35%, and large certificates of deposit can be withdrawn early by the file of interest. In view of the demand deposits not only have the function of currency payment means and circulation means, but also has a strong ability to generate, therefore, commercial banks at all times must take the demand deposits as the focus of operation. However, because of the frequent access to such deposits, complex procedures, the cost of higher costs, so commercial banks in Western countries generally do not pay interest, and sometimes even charge a fee.