At present, the common practice in the international financial industry is that banks pay interest in 360 days, which is more cost-effective for most depositors than in 365 days. From one day of this month to the whole month of the same day of next month, the bank calculates according to 30 days. Whether it is less than 30 days in February or more than 30 days in big month.
Notice deposits are calculated on a daily basis, but this kind of daily interest calculation is based on the annual interest rate divided by the daily interest rate of 360 days, instead of dividing the annual interest rate by 365 days including months and months. Therefore, when paying interest by the day, of course, it cannot be calculated according to 365 days. When calculating the whole month's interest, it can only be calculated according to 360 days/12=30 days, but not according to the actual number of days in a big month of 3 1 day.
Extended data
Interest is calculated 360 days a year, and the interests of depositors are not harmed.
Yi Xianrong, a researcher at the Institute of Finance of China Academy of Social Sciences, said yesterday that if it is a demand deposit, say, 500,000 yuan is kept for 80 days, the annual interest rate of 0.72% of the demand deposit will be converted into a daily interest rate of 0.00 197%, and the total interest will be 789 yuan. The formula is 0.72%/365× 80× 500,000 = 789;
Calculated by 360 days per year, the annual interest rate of 0.72% demand deposit is converted into daily interest rate of 0.002%, and the interest is 800 yuan. The calculation formula is 0.72%/360× 80× 500,000 = 800, which means 1 1 yuan in 360 days.
People's Network-Does the bank pay interest for 360 days?