Deposit refers to the depositor's temporary transfer or deposit of funds or currency in banks or other financial institutions, or the temporary transfer of the right to use funds or currency to banks or other financial institutions. It is the most basic and important financial behavior or activity and the most important source of credit funds for banks.
I. Calculation formula of interest
Due to different types of deposits, the specific interest-bearing methods are different, but the basic formula of interest-bearing remains unchanged: interest = principal × deposit period × interest rate.
If calculated at the daily interest rate, interest = principal × daily interest rate × deposit days;
If calculated by monthly interest rate, interest = principal × monthly interest rate × number of months.
Savings deposits in China are listed at monthly interest rates. In order to facilitate the calculation of interest, the three interest rates can be converted to each other. The conversion formula is: annual interest rate ÷ 12= monthly interest rate; Monthly interest rate ÷30= daily interest rate; Annual interest rate ÷360= daily interest rate.
Two. Other types of deposits:
1. The annual interest rate corresponding to the agreed deposit is 1%.
2. The one-day interest rate of notice deposit is 0.55%.
3. The interest rate of seven-day notice deposit is 1. 10%.
Three. Partial deposit interest rate of Agricultural Bank (this interest rate is 20 15 years1since October 24th):
Deposits of urban and rural residents and units:
1, fixed term (lump sum deposit and withdrawal): 3-month interest rate1.35%; The interest rate for half a year is1.55%; The two-year interest rate is 2.25%; The interest rate for three years and five years is 2.75%.
2. installment withdrawal, installment withdrawal and deposit withdrawal: the corresponding interest rate for three years is1.55%; The corresponding interest rate for five years is 1.55%.
3. Double convenience: a one-time discount of 60% at the same grade interest rate within one year.
Four, the classification of interest rates:
Interest rates are generally divided into annual interest rate, monthly interest rate and daily interest rate.
1. The annual interest rate is usually expressed as a percentage. For example, the annual interest rate is 7.2%, that is, the principal is 100 yuan, and the accrued interest for one year is 7.2 yuan.
The monthly interest rate is usually expressed in one thousandth. For example, the monthly interest rate is 6‰, which means that the principal is 65,438 yuan+0,000 yuan, and the accrued interest is 6 yuan.
The daily interest rate is usually expressed in ten thousand. For example, the daily interest rate is 20/000, that is, the principal is 65,438+00,000 yuan, and the daily accrued interest is 2 yuan.