The four major state-owned banks and some joint-stock banks have recently adjusted their deposit rates. As with the previous two adjustments in the past year, this time it has also been lowered, and the interest rates on all types of deposits except demand deposits have declined, and the income earned through depositing money has further declined, so how much interest can be obtained after two years if 100,000 yuan is deposited in the Agricultural Bank of China according to the latest interest rate level? Let's calculate it.
100,000 yuan of survival deposit, how much interest can you get after two years
Demand deposits are not included in the scope of this rate cut. Of course, it is not that the banks are "soft-hearted", but that the annualized interest rate of demand deposits is already very low, only 0.2%, and there will be no more reduction.
The interest that can be obtained after two years for a demand deposit of 100,000 yuan deposited in the Agricultural Bank of China is:
100,000 * 0.2% * 2 = 400 yuan
I believe that no one will take the initiative to put a large amount of funds in demand deposits, but early withdrawal of time deposits can only be calculated according to the current interest rate, which needs to be paid attention to.
If you deposit a fixed deposit of 100,000 yuan, how much interest can you get after two years
Time deposits are the main force of this interest rate cut, not a 3-month, 6-month term, 1-year or 2-year, 3-year or 5-year period have declined to varying degrees, how much interest can 100,000 yuan be obtained after two years of depositing time deposits of various periods?
1. 3-month time deposit
Previously, the annualized interest rate of ABC's 3-month fixed deposit was 1.25%, and after the interest rate was reduced by 10 basis points, it was 1.15%, and the total interest that can be obtained after repeated deposits for two years is:
100,000 * 1.15% * 2 = 2,300 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
2. 6-month fixed deposit
The annualized interest rate of the latest 6-month fixed deposit of ABC is 1.35%, a decrease of 10 basis points compared with the previous one.
100,000 * 1.35% * 2 = 2,700 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
3.1 year term deposit
The latest 1-year fixed deposit has an annualized interest rate of 1.45%, which has been reduced by 10 basis points like the 3-month and 6-month fixed deposits, compared to 1.55% previously.
100,000 * 1.45% * 2 = 2,900 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
4.2 years term deposit
This rate cut continues the previous tradition, and the longer the deposit period, the higher the annualized interest rate, the more it will fall. The annualized interest rate of the 2-year fixed deposit was originally 1.85%, but it fell to 1.65% after the interest rate was reduced, and the interest rate of 100,000 yuan matured exactly after 2 years, and the interest was:
100,000 * 1.65% * 2 = 3,300 yuan, which is 400 yuan less than the interest calculated according to the previous interest rate.
5.3 years term deposit
The interest rate of the 3-year fixed deposit of the Agricultural Bank of China has dropped even more, from 2.2% to 1.95%, from 2.2% to 1.95%, and you can get all the principal and interest after three years, and the full interest will be calculated first and then converted into two years of interest:
100,000 * 1.95% * 3 = 5,850 yuan, and the two-year interest is 3,900 yuan, which is 500 yuan less than the interest calculated according to the previous interest rate.
6. Five-year term deposit
The same interest rate cut of 25 basis points, the latest annualized interest rate is 2%, and the investment income after 100,000 yuan deposit is:
100,000 * 2% * 5 = 10,000 yuan, and the interest for two years is 4,000 yuan, which is 500 yuan less than the interest calculated according to the previous interest rate.
100,000 yuan to buy a large amount of certificates of deposit, how much interest can you get after two years
The annualized interest rate of large certificates of deposit is higher than that of time deposits, but there is a minimum deposit point requirement, at least 200,000 yuan can be bought, 100,000 yuan does not meet the standard, but we can buy it after getting together 200,000 yuan with relatives and friends, and share the interest according to the proportion of the investment principal at maturity.
Certificates of Deposit are divided into 1 month, 3 months, 6 months, 1 year, 2 years and 3 years according to different tenors, and the interest is calculated as follows.
1. 1-month and 3-month certificates of deposit
The annualized interest rate of the Agricultural Bank of China's 1-month and 3-month certificates of deposit is exactly the same, and the interest rate is cut by 10 basis points similar to the limited deposit in the same period, and it is now 1.5%, and the interest that can be distributed after two years of investment of 100,000 yuan is:
100,000 * 1.5% * 2 = 3,000 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
2. 6-month certificates of deposit
The annualized interest rate of the six-month large-denomination certificate of deposit of the Agricultural Bank of China is 1.7%, a decrease of 10 basis points, and the accumulated interest is as follows:
100,000 * 1.7% * 2 = 3,400 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
3.1-year certificates of deposit
The latest data shows that the annualized interest rate of the Agricultural Bank of China's one-year large-denomination certificate of deposit is 1.8%, and the accumulated interest is as follows:
100,000 * 1.8% * 2 = 3,600 yuan, which is 200 yuan less than the interest calculated according to the previous interest rate.
4. 2-year certificates of deposit
The longer the term, the higher the interest rate, the greater the interest rate reduction is also applicable to large certificates of deposit, after the interest rate cut, the annualized interest rate of the 2-year large certificate of deposit is 1.9%, 25 basis points less, and the interest rate is exactly two years after buying a period, and the interest is:
100,000 * 1.9% * 2 = 3,800 yuan, which is 500 yuan less than the interest calculated according to the previous interest rate.
5. 3-year certificates of deposit
Agricultural Bank of China's 3-year large-denomination certificate of deposit is the product with the largest interest rate cut, directly from 2.65% to 2.35%, a drop of 30 basis points.
100,000 * 2.35% * 5 = 11,750 yuan, and the two-year interest is 4,700 yuan, which is 600 yuan less than the interest calculated according to the previous interest rate.
Can I buy ABC's wealth management products?
When the deposit interest rate falls, many people turn their attention to wealth management products, can this thing be invested? Is it safe?
First of all, you should know that the issuer of wealth management products is not a bank but a wholly-owned wealth management subsidiary of each bank, even the Agricultural Bank of China, which is a regulatory requirement.
Secondly, wealth management products are not principal and interest guaranteed, when the market is good, they can achieve the expected rate of return when they are purchased, and when the market is bad, the income will decline or even lose part of the principal, so there is a certain investment risk.
In the end, the benefits are always proportional to the risks, and the more you want to gain, the more you have to take the risks. Of course, wealth management products are much less risky than stock funds.
Therefore, whether to invest in wealth management products should vary from person to person, and those who are willing to accept some risks can consider buying, in most cases the risk is controllable and the expected rate of return is indeed higher than that of time deposits and large certificates of deposit.
Friends who are not willing to endure any risks, only want to repay the principal and interest when due, even if the income is low, do not care about financial products, and save money steadily.
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