Although PSBC is not one of the four major state-owned banks in the mainland, it ranks second in the grouping of systemically important banks in China in 2023. If you deposit money at the Postal Savings Bank, you don't have to worry about not getting the principal and interest.
Recently, major banks have lowered their deposit interest rates, and the Postal Savings Bank is no exception; if you have a deposit of 200,000 yuan, how much interest can you get if you deposit in the Postal Savings Bank for three years? Let's calculate.
How much is the interest of 200,000 yuan deposited into the current deposit of the Postal Savings Bank?
The latest annual interest rate for demand deposits at the Postal Savings Bank is 0.2%. The annualized interest rate refers to the interest that can be obtained by depositing 100 yuan in the bank for one year, and 0.2% means that 100 yuan can get 0.2 yuan of interest for one year. 200,000 yuan is deposited into a demand deposit for three years, and the accumulated interest is: 200,000 * 0.2% * 3 = 1,200 yuan
The lower interest rate is due to the lower annualized interest rate, and the demand deposit can be accessed, transferred, and consumed anytime and anywhere, with higher flexibility, but the disadvantage is that the interest is less.
If 200,000 yuan is deposited into a time deposit of Postal Savings Bank, how much is the interest?
The fixed deposits of the Postal Savings Bank are divided into six categories according to the different terms, namely three-month, six-month, one-year, two-year, three-year and five-year, and the annualized interest rate has been reduced to varying degrees, and the interest that can be obtained after depositing 200,000 yuan is calculated as follows.
1. Three-month fixed deposit
The annualized interest rate of the three-month fixed deposit of the Postal Savings Bank is 1.15%, which is 0.1% lower than before, and the accumulated interest of 200,000 yuan is deposited for three years: 200,000 * 1.15% * 3 = 6,900 yuan
2. Six-month fixed deposit
The annualized interest rate of the six-month fixed deposit of the Postal Savings Bank is 1.35%, which is 0.1% lower than before, and 200,000 yuan has been deposited for three years, and the accumulated interest is: 200,000 * 1.35% * 3 = 8,100 yuan
3. One-year fixed deposit
The annualized interest rate of the one-year time deposit of the Postal Savings Bank is 1.45%, which is 0.1% lower than before, and the accumulated interest of 200,000 yuan is deposited for three years for three years, and the accumulated interest is: 200,000 * 1.45% * 3 = 8,700 yuan
4. Two-year fixed deposits
The annualized interest rate of the two-year monthly fixed deposit of the Postal Savings Bank is 1.65%, which is 0.2% lower than before, and 200,000 yuan is deposited twice for four years, we first calculate all the interest and then convert it into three years of accumulated interest: 200,000 * 1.65% * 4 = 13,200 yuan, which is converted into three years of interest of 9,900 yuan
5. Three-year fixed deposit
The annualized interest rate of the three-year fixed deposit of the Postal Savings Bank is 1.95%, which is 0.25% lower than before, and the deposit of 200,000 yuan can get all the principal and interest after maturity, and the interest part is: 200,000 * 1.95% * 3 = 11,700 yuan
6. Five-year term deposit
The annualized interest rate of the five-year monthly time deposit of the Postal Savings Bank is 2%, which is 0.25% lower than before, and the deposit of 200,000 yuan needs to wait for five years to get back the principal and interest, we first calculate all the interest and then convert it into three years of accumulated interest: 200,000 * 2% * 5 = 20,000 yuan, converted into three years of interest is 12,000 yuan
How much is the interest on the purchase of a large certificate of deposit from the Postal Savings Bank of China for 200,000 yuan?
The minimum deposit point of the Postal Savings Bank's large-value certificates of deposit is 200,000 yuan, which meets the purchase criteria, and you can purchase large-amount certificates of deposit of the Postal Savings Bank of various maturities.
Postal Savings Bank's large-amount certificates of deposit are also divided into six categories according to different deposit periods, namely one-month, three-month, six-month, one-year, two-year and three-year, and the interest after three years of purchase of 200,000 yuan is as follows.
1. One-month and three-month certificates of deposit
The annualized interest rate of the Postal Savings Bank's one-month and three-month large-amount certificates of deposit is the same, both of which are 1.5%, which is 0.1% lower than before, and 200,000 yuan has been purchased many times in a row, and the cumulative interest for three years is: 200,000 * 1.5% * 3 = 9,000 yuan.
2. Six-month certificates of deposit
The annualized interest rate of the Postal Savings Bank's six-month large-amount certificate of deposit is 1.6%, which is 0.1% lower than before, and 200,000 yuan has been purchased many times, and the cumulative interest after three years is: 200,000 * 1.6% * 3 = 9,600 yuan.
3. One-year certificates of deposit
The annualized interest rate of the one-year large-amount certificate of deposit of the Postal Savings Bank is 1.8%, which is 0.1% lower than before, and the accumulated interest of 200,000 yuan is 200,000 * 1.8% * 3 = 10,800 yuan after three purchases.
4. Two-year certificates of deposit
The annualized interest rate of the two-year large-amount certificate of deposit of the Postal Savings Bank is 1.9%, which is 0.25% lower than before, and after two purchases of 200,000 yuan for four years, we first calculate all the interest and then convert it into interest after three years: 200,000 * 1.9% * 4 = 15,200 yuan, which is converted into three years of interest of 11,400 yuan.
5. Three-year certificates of deposit
The annualized interest rate of the three-year large-amount certificate of deposit of the Postal Savings Bank is 2.35%, which is 0.3% lower than before, and the purchase of 200,000 yuan is due for exactly three years, and the interest part is: 200,000 * 2.35% * 3 = 14,100 yuan
Can I buy the insurance promoted by the Postal Savings Bank?
People who have handled business in the Postal Savings Bank should have such an experience, and the staff recommends savings insurance, which is divided into two types, one is annuity insurance, and the other is increased whole life. Can I buy it?
First of all, we must also know that insurance is not issued by banks, and the Postal Savings Bank only helps insurance companies sell on behalf of them, and they can get a commission for each copy sold, which is the reason why bank staff actively recommend insurance to depositors.
Secondly, there are advantages and disadvantages to endowment insurance. The advantage is that it can not only provide accident protection but also financial appreciation, and the rate of return after long-term investment is slightly higher than that of savings; the disadvantage is that insurance has a closed period, generally can not be withdrawn in advance, must be withdrawn in advance can only get back the cash value, and the cash value in the early stage of investment is often less than the principal, so early withdrawal may lose the principal.
Finally, investors who are suitable for investing in savings insurance need to meet at least two conditions, one is to have spare money to ensure that it will not be used for many years, and the other is to be ready for long-term investment, at least 5-10 years, and the investment period of increased whole life is up to 15-20 years.
If you can't meet these two conditions, you should not buy insurance, don't be fooled by the bank staff to buy insurance, and mistakenly think that you have saved your money in a savings product with a higher annualized interest rate.