Agricultural Bank of China is one of the four major state-owned banks in mainland China, ranking second in total assets, second only to Industrial and Commercial Bank of China, and the number of outlets is among the highest.
Recently, however, the deposit interest rate of the Agricultural Bank of China has been lowered, and in addition to demand deposits, time deposits, call deposits, and large-denomination certificates of deposit have all been lowered. If you deposit 70,000 yuan in the Agricultural Bank of China at the latest interest rate, how much interest can you get after 3 years?
70,000 yuan is deposited into the demand deposit of the Agricultural Bank of China, and the accumulated interest in 3 years is how much
The annualized interest rate of demand deposits is 0.2%, which is not within the scope of this interest rate cut. The annualized interest rate refers to the interest that can be earned by depositing 100 yuan for a year, and 0.2% means that there is only 0.2 yuan of interest. 70,000 yuan is deposited into the current deposit of the Agricultural Bank of China, and the interest that can be obtained after three years is: 70,000 * 0.2% * 3 = 420 yuan.
The accumulated interest of demand deposits is less and is closely related to the low annualized interest rate, so we should try not to deposit a larger amount of funds in demand deposits, because the yield is too low.
70,000 yuan is deposited into the fixed deposit of the Agricultural Bank of China, and the interest is how much after 3 years
ABC has six types of fixed deposits with different maturities, namely three-month, six-month, one-year, two-year, three-year and five-year, and the annualized interest rate has decreased to varying degrees compared with before, with a decrease of between 10 and 30 basis points.
1. Three-month fixed deposit
Three-month fixed deposit is the shortest type of savings in Agricultural Bank of China, with an annualized interest rate of 1.15%, down 10 basis points from before, and 70,000 yuan needs to be deposited repeatedly for three years, and the accumulated interest is: 70,000 * 1.15% * 3 = 2,415 yuan.
2. Six-month fixed deposit
The latest annualized interest rate of the six-month fixed deposit of the Agricultural Bank of China is 1.35%, which is also reduced by 10 basis points, 70,000 yuan is deposited, and the accumulated interest after three years is: 70,000 * 1.35% * 3 = 2,835 yuan.
3. One-year fixed deposit
One-year fixed deposit is one of the most accessible savings varieties, the annualized interest rate after the interest rate cut is 1.45%, and the accumulated interest is 70,000 * 1.45% * 3 = 3,045 yuan after three deposits.
4. Two-year fixed deposits
The interest rate of the two-year fixed deposit has been lowered more, reaching 20 basis points, the latest annualized interest rate is 1.65%, 70,000 yuan is deposited into two two-year fixed deposits for four years, we first calculate all the interest and then convert it into three-year interest: 70,000 * 1.65% * 4 = 4,620 yuan, and the three-year interest is 3,465 yuan.
5. Three-year fixed deposit
The three-year fixed deposit of the Agricultural Bank of China has cut the interest rate by 25 basis points, with an annualized interest rate of 1.95%, which will mature after the deposit is full, and the interest rate is: 70,000 * 1.95% * 3 = 4,095 yuan.
6. Five-year term deposit
The annualized interest rate of the five-year fixed deposit of the Agricultural Bank of China is 2%, and the reduction is also 0.25%, and the full interest can be obtained after five years of deposit, we first calculate the total five-year interest and then convert it into three-year interest: 70,000 * 2% * 5 = 7,000 yuan, and the three-year interest is 4,200 yuan.
70,000 yuan to buy a large certificate of deposit from the Agricultural Bank of China, how much is the interest after 3 years?
Although the annualized interest rate of large-amount certificates of deposit is high, there are requirements for the minimum deposit point, at least 200,000 yuan can be purchased, and 70,000 yuan will definitely not be able to reach this threshold, so if you really want to buy a large-amount certificate of deposit of the Agricultural Bank of China, you can only save it with others to make money, and you can sign an agreement with your trusted relatives and friends to buy it together, and share the interest according to the proportion of the principal after maturity.
Certificates of deposit are also divided into six categories according to the maturity of the deposit, and the interest is calculated as follows for those with a one-month maturity and a five-year maturity less than a fixed deposit.
1. One-month and three-month certificates of deposit
The annualized interest rate of the Agricultural Bank of China's one-month and three-month large-amount certificates of deposit is the same, both of which are 1.5%, and 70,000 yuan is purchased many times in a row, and the accumulated interest after maturity is: 70,000 * 1.5% * 3 = 3,150 yuan.
2. Six-month certificates of deposit
The latest annualized interest rate of the Agricultural Bank of China's six-month large-amount certificate of deposit is 1.6%, which is 10 basis points lower than before, and the interest that can be obtained after three years for 70,000 yuan to purchase a six-month large-amount certificate of deposit is: 70,000 * 1.6% * 3 = 3,360 yuan.
3. One-year certificates of deposit
The latest annualized interest rate of one-year large-amount certificates of deposit is 1.8%, although the interest rate has fallen, it is still 0.35% higher than that of one-year fixed deposits, and the advantages are obvious, and the purchase of three one-year large-amount certificates of deposit is three years, and the cumulative interest is: 70,000 * 1.8% * 3 = 3,780 yuan.
4. Two-year certificates of deposit
The annualized interest rate of the two-year large-amount certificate of deposit of the Agricultural Bank of China still did not break through the 2% mark, only 1.9%, and it was 2.15% before the interest rate cut, and the purchase of 70,000 yuan once was only two years, and the purchase twice was four years, and the two-year fixed deposit was calculated for four years and then converted into three years of interest: 70,000 * 1.9% * 4 = 5,320 yuan, and the three-year interest was 3,990 yuan.
5. Three-year certificates of deposit
Agricultural Bank of China's three-year large-amount certificate of deposit is the highest annualized interest rate among all savings types, and it is also the largest interest rate cut, which is 2.35% after a reduction of 30 basis points, and it needs to wait for three years to get all the principal and interest after purchase, and the interest part is: 70,000 * 2.35% * 3 = 4,935 yuan.
70,000 yuan to buy treasury bonds, how much interest will be after three years
In addition to fixed deposits and large-amount certificates of deposit, there is also a category of financial products that are absolutely safe, or even safer, that is, treasury bonds.
The central government is the issuer of treasury bonds, which is equivalent to the state borrowing money from everyone, and the funds for repaying principal and interest come from financial funds, and the state credit is used as a guarantee.
In addition to safety, the yield of treasury bonds is actually not low, at least higher than the annualized interest rate of fixed deposits of the four major banks, let's calculate the interest that can be obtained after buying 70,000 yuan of treasury bonds.
The annual interest rate of the three-year savings bond is 2.63%, and the principal can be repaid after three years of purchase, and the interest of the current year can be obtained every year after buying 70,000 yuan, and the cumulative interest that can be obtained for three years is 70,000 * 2.63% * 3 = 5,523 yuan.
The annual interest rate of the five-year savings bond is 2.75%, and the principal can be repaid after five years of purchase, and the interest of the current year can also be obtained every year, and the cumulative interest that can be obtained for three years when buying 70,000 yuan is: 70,000 * 2.75% * 3 = 5,775 yuan.
Both three-year and five-year Treasury bonds can earn more interest. In addition, there is also an advantage of treasury bonds that they will not lose all the interest if they are withdrawn in advance, and they are more flexible, and the only disadvantage is that the amount is limited, and they cannot buy as much as they want, and they issue tens of billions of yuan each time. Therefore, if you want to invest, you have to rush to buy it on the morning of the first day of sale, and if it is late, you can only wait for the next release.