Today is December 23rd, Agricultural Bank of China, as one of the six major state-owned banks, has strong strength and business outlets all over the country. In addition, in terms of operation, ABC also takes the low-end and people-friendly route. Many low-level people like to keep their money in the Agricultural Bank.
Let's take a look at how much interest can be on depositing 50,000 yuan in the Agricultural Bank of China for a year?
If you deposit 50,000 yuan in the Agricultural Bank of China for a year, how much interest income will you have?
1 . current
Here is a reminder to all depositors: whoever puts the money in the survival period is a big fool.
Because the interest rate of demand deposits is particularly low. At present, the Agricultural Bank of China's current deposit interest rate is only 0.20% per annum. If you put 50,000 yuan in the survival period, the interest for that year is:
5万×0.20%＝100元
In the life period of 50,000 yuan, the interest for one year is only 100 yuan. This can't be called saving money at all, this is taking your own money and contributing to the bank for free. Then the bank saw that you were too stupid, and some couldn't bear to bully the fool, so they reluctantly gave a little hard-earned money.
Demand deposits are principal and interest guaranteed, and there is nothing to say about security. However, its interest rate is too low. Keeping money alive is equivalent to working for a day. This kind of "money is stupid", everyone must not do it in the future.
2 . Call Deposits
Most people should be relatively unfamiliar with call deposits. Not to mention that I have saved, I may not have heard it a few times.
In fact, call deposit is a very good activity to save money. Not only does it protect principal and interest, but flexibility is also a way to save money.
Agricultural Bank of China, there are two types of call deposits:
The interest rate is 0.70% p.a. for one-day call deposits. For each day you save, interest is settled. To put it simply, a one-day call deposit is a daily interest rate that can be withdrawn at any time.
Put 50,000 yuan and deposit it for one day, and the interest on that day is:
50,000 ×0.70%÷365=0.96 yuan
The interest of saving for one day is 0.96 yuan, so if you save for a year, you will have an interest of 350 yuan.
The interest rate for 7-day call deposits is 1.25% per annum. Every seven days you deposit, the interest will be settled. It is equivalent to "calculating interest on seven days", and it can be taken out at any time.
Put 50,000 yuan into a seven-day notice deposit, and the interest for each seven-day period is:
50,000×1.25%×7÷365=12 yuan
For every seven days of saving, you can get 12 yuan in interest. If you save for a year, the interest will be 625 yuan.
Call deposit is actually a special kind of fixed deposit. It is stored in a fixed passbook, which is no different from a fixed period, but the term is relatively short.
Like many elderly depositors, the money in their hands cannot be deposited for a long time. Put it in the current account, and there is no interest income. Moreover, many people save money and only recognize the bank. In this case, you can deposit the money in the bank's call deposit.
It is worth noting that there is a threshold amount limit for call deposits, which requires a minimum deposit of 50,000 yuan.
3 . regular
For fixed deposits, we must praise them: all depositors who like to save fixed deposits are down-to-earth and very pragmatic people in life.
This compliment is not an exaggeration at all.
Some people look down on fixed terms, feeling that the interest rate is low and the flexibility is not good. Just use the money to buy wealth management products, to speculate in stocks and funds.
When I see others saving time, I feel a great sense of superiority in my heart. People who think that saving time are fools. The interest income from saving for a year is not as much as the money you make in a day.
But what about the result?
Many people have been tossing for many years, and when they look at the final results, they are all miserable losses. Moreover, the more people who can speak well on weekdays, the more likely they are to lose money.
And those who save a regular period don't have to worry about anything, eat well and sleep soundly every day. Just wait for the money to expire and get interest every year.
Therefore, savers who like to save a fixed term are wise as foolish people.
If you deposit 50,000 yuan in the Agricultural Bank of China for one year, you can choose to deposit it for one year.
In the Agricultural Bank of China, the interest rate of fixed deposits is calculated according to the amount of money deposited. The larger the amount you deposit, the higher the interest rate.
According to the rules of calculating interest by file, 50,000 yuan is deposited for one year, and the interest rate is 1.70% annualized. The interest at maturity for one year is:
5万×1.70%＝850元
If you save 50,000 yuan for a fixed period of one year, the interest will be 850 yuan. Although the interest rate is not very high, there is no risk in guaranteeing principal and interest. For us ordinary people, it's already quite good.
There are a lot of depositors who like to keep their money in small local commercial banks. Because small banks have higher interest rates, they can get more interest.
Like the same fixed year, the interest rate of large state-owned banks is 1.70% per annum. The interest rate of small local commercial banks is above 2.0%.
The advantage of a large state-owned bank is that it is safer to save money. Moreover, there are business outlets all over the country, so it is very convenient to deposit and withdraw money no matter where you go.
The advantage of a small local commercial bank is that the deposit interest rate is high.
If you save money and want to get more interest, you can keep it in a small bank. If you save money and pay more attention to security, it will be stored in a big state-owned bank.
4 . Other savings activities
As a large state-owned bank, the Agricultural Bank of China has many other money saving activities.
Like large-denomination certificates of deposit, they are also principal and interest guaranteed. In addition, the interest rate of one-year large-denomination certificates of deposit is 1.80% per annum, which is higher than the one-year interest rate of fixed deposits.
However, there is a threshold for the amount of large-value certificates of deposit, which requires a minimum purchase of 200,000 yuan.
Like savings bonds, the interest rate is also higher than that of fixed bonds, and the flexibility is better than that of fixed bonds. If you withdraw in advance, you can also rely on the file to calculate interest.
However, the maturity of savings bonds is relatively long, with a minimum period of three years. If you only save for one year, you won't be able to buy savings bonds.
In addition, there are wealth management products, fund products, and bancassurance products.
These ways of saving money are either risky or have a particularly long term, and they are not suitable for us ordinary people.
summary
Agricultural Bank of China, as a veteran state-owned bank, has strong strength. The biggest advantage of keeping money in the Agricultural Bank of China is that you never have to worry about waking up one day, and the bank will go bankrupt.
Moreover, the Agricultural Bank of China has nearly 20,000 business outlets across the country. No matter where you go, it is very convenient to deposit and withdraw money.
We ordinary people, it is a very good choice to deposit money in the Agricultural Bank.