In June 2023, Bank of China and Industrial and Commercial Bank of China updated the interest table on RMB deposits and the interest rate table of large certificates of deposit.
ICBC annual interest rate calculation
The annual interest rate is the interest rate of the deposit or borrowing for one year, which is the ratio of the interest amount of one year to the principal of the deposit or loan, which is similar to the algorithm of monthly interest rate and daily interest rate, but the form of expression is different.
The annual interest rate is generally expressed as a percentage, such as 11%, the monthly interest rate is generally expressed in a thousandth ratio, such as 6‰, and the daily interest rate is a few ten-thousandths, usually generally said that the interest rate of 5/10,000 is the daily interest rate, the annual interest rate can be converted into monthly interest rate, daily interest rate, and vice versa.
The minimum interest rate of ICBC's large-sum certificates of deposit is 200,000 yuan
1. Deposit for 1 month: deposit 200,000 yuan, interest rate is 1.54%; Deposit 3 months interest rate 1.54%
2. Deposit for 6 months: deposit 200,000 yuan, interest rate is 1.82%;
3. Deposit for 1 year: deposit 200,000 yuan, interest rate is 2.1%;
4. Deposit for 2 years: deposit 200,000 yuan, interest rate is 2.94%;
5. Deposit for 3 years: deposit 200,000 yuan, interest rate 3.10%
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Agricultural Bank of China Large Certificate of Deposit Interest Rate Table
The minimum deposit is 200,000 yuan
1. Deposit for 1 month: deposit 200,000 yuan, interest rate is 1.54%; Deposit 3 months interest rate 1.54%
2. Deposit for 6 months: deposit 200,000 yuan, interest rate is 1.82%;
3. Deposit for 1 year: deposit 200,000 yuan, interest rate is 2.1%;
4. Deposit for 2 years: deposit 200,000 yuan, interest rate is 2.94%;
The minimum deposit amount is 300,000 yuan
The interest rate of 300,000 yuan for 3 months is 1.60%, the interest rate for 300,000 yuan for 6 months, the interest rate for 300,000 yuan for 6 months, the interest rate for 300,000 yuan for 1 year is 2.18%, and the interest rate for 300,000 yuan for 2 years is 3.0%.
Agricultural Bank of China 10,000 yuan regular annual interest 195 yuan
10,000 yuan as a whole deposit for two years of interest of 450 yuan
The Agricultural Bank of China has 20,000 yuan and a regular interest of 390 yuan a year
20,000 yuan as a whole deposit with a two-year interest of 900 yuan
Agricultural Bank of China 30,000 yuan a year is 570 yuan
Agricultural Bank of China 50,000 yuan regular annual interest 975 yuan
50,000 yuan as a whole deposit for two years of interest of 2,250 yuan
Note: The above interest rates are for reference only and are not used as the basis for any deposit interest, if the above interest rates deviate from the actual interest rate, please refer to the interest rates announced by the local bank business offices.