ICBC is not only the largest state-owned bank in mainland China, but also the largest commercial bank in the world. To a certain extent, the credit of ICBC represents the credit of China's financial system, so there is no need to worry about the safety of funds when handling various businesses at ICBC.
Of course, capital security and principal and interest protection are two different concepts. It is possible to lose the principal when purchasing wealth management products and funds in ICBC, which is related to the nature of the financial products purchased, and the high-yield financial products themselves are high-risk, and have nothing to do with the channels and bank credit.
Since 22 December last year, the deposit interest rate of the Industrial and Commercial Bank of China has been lowered, and under the new deposit interest rate, 180,000 yuan will be deposited in the Industrial and Commercial Bank of China for three years.
If 180,000 yuan is deposited into a demand deposit for three years, what is the accumulated interest?
The annualized interest rate of ICBC's demand deposit is 0.2%, and the accumulated interest of 180,000 yuan deposited in the demand deposit for three years is:
180,000 * 0.2% * 3 = 1080 yuan
Demand deposit is one of the most important deposit methods of ICBC, although the annualized interest rate is low, it is very flexible, and can be deposited, withdrawn, transferred and consumed at any time. It is not advisable to put a large amount of money into a demand deposit, you can save a little reserve.
If $180,000 is deposited into a fixed deposit for three years, what is the accumulated interest?
The annualized interest rate of ICBC's fixed deposits is much higher than that of demand deposits, and the deposit interest rate has been lowered from December 22, 2023, and now the new annualized interest rate is implemented, and 180,000 yuan is deposited into time deposits of various maturities, and the cumulative interest that can be obtained in three years is calculated as follows.
1. Three-month fixed deposit
The annualized interest rate of ICBC's three-month fixed deposit is 1.15%, which is reduced by 0.1%, and the interest that can be obtained after depositing 180,000 yuan for three years is:
180,000 * 1.15% * 3 = 6,210 yuan
2. Six-month fixed deposit
The annualized interest rate of ICBC's six-month fixed deposit is 1.35%, which is reduced by 0.1%, and the interest that can be obtained after depositing 180,000 yuan for three years is:
180,000 * 1.35% * 3 = 7,290 yuan
3. One-year fixed deposit
The annualized interest rate of ICBC's one-year fixed deposit is 1.45%, which is reduced by 0.1%, and the interest that can be obtained by depositing 180,000 yuan for three years is:
180,000 * 1.45% * 3 = 7,830 yuan
4. Two-year fixed deposits
The annualized interest rate of ICBC's two-year fixed deposit is 1.65%, which is reduced by 0.2%, and the four-year interest rate of 180,000 yuan is converted into three years after two deposits:
180,000 * 1.65% * 3 = 8,910 yuan
5. Three-year fixed deposit
The annualized interest rate of ICBC's three-month fixed deposit is 1.95%, which is reduced by 0.25%, and the interest of 180,000 yuan deposited in the three-month maturity is exactly three years, and the interest that can be obtained is:
180,000 * 1.95% * 3 = 10,530 yuan
6. Five-year term deposit
The annualized interest rate of ICBC's three-month fixed deposit is 2%, which is reduced by 0.25%, and the principal and interest of the deposit can only be obtained five years after the deposit of 180,000 yuan, which is converted into three years of interest:
180,000 * 2% * 3 = 10,800 yuan
What is the accumulated interest of 180,000 yuan to purchase a large-amount certificate of deposit for three years?
The minimum deposit point of ICBC's large-value certificates of deposit is 200,000 yuan, and 180,000 yuan does not meet the minimum deposit point requirements. However, you can buy it after you and your relatives and friends have pooled 200,000 yuan, and share the interest when it expires. ICBC large-denomination certificates of deposit are divided into one-month, three-month, six-month, one-year, two-year and three-year tenors according to the tenor, and the interest is calculated as follows.
1. One-month and three-month certificates of deposit
The annualized interest rate of ICBC's one-month and three-month large-denomination certificates of deposit has been reduced by 0.1% compared with before, both of which are 1.5%, and 180,000 yuan has been purchased for three consecutive years, and the accumulated interest is:
180,000 * 1.5% * 3 = 8,100 yuan
2. Six-month certificates of deposit
The annualized interest rate of the six-month large-amount certificate of deposit of ICBC has been reduced by 0.1% compared with the previous one, to 1.6%, and the accumulated interest of 180,000 yuan has been purchased for three consecutive years:
180,000 * 1.6% * 3 = 8,640 yuan
3. One-year certificates of deposit
The annualized interest rate of the one-year large-amount certificate of deposit of ICBC has been reduced by 0.1% compared with the previous one, to 1.8%, and the accumulated interest of 180,000 yuan has been purchased for three consecutive years:
180,000 * 1.8% * 3 = 9,720 yuan
4. Two-year certificates of deposit
The annualized interest rate of ICBC's two-year large-amount certificate of deposit has been reduced by 0.25% compared with the previous one, to 1.9%, and 180,000 yuan has been purchased for three consecutive years, and the accumulated interest is:
180,000 * 1.9% * 3 = 10,260 yuan
5. Three-year certificates of deposit
The annualized interest rate of the three-year large-amount certificate of deposit of ICBC has been reduced by 0.3% compared with the previous one, to 2.35%, and the accumulated interest of 180,000 yuan has been purchased for three consecutive years:
180,000 * 2.35% * 3 = 12,690 yuan
180,000 yuan invested in treasury bonds for three years, what is the accumulated interest?
In addition to saving money and purchasing large certificates of deposit, ICBC can also invest in treasury bonds. Treasury bonds are safer than deposits, and they truly represent the credit of the state, and the issuer is the central government.
We have not yet started issuing savings bonds this year, so we will use the interest rate of last year's government bonds as an example to calculate the interest that can be earned after three years of purchase. There are two types of treasury bonds according to the maturity, one is three-year treasury bonds and the other is five-year treasury bonds, and the interest after purchasing 180,000 yuan is as follows.
Three-year treasury bonds: the annual interest rate is 2.63%, and the interest that can be obtained from the purchase of 180,000 yuan is exactly three years due to maturity: 180,000 * 2.63% * 3 = 14,202 yuan
Five-year treasury bonds: the annual interest rate is 2.75%, and the interest is converted into three years when it matures five years after purchase: 180,000 * 2.75% * 3 = 14,850 yuan
In addition to safety and higher yields, Treasuries have the advantage of flexibility. Early withdrawal of time deposits and large certificates of deposit will result in the loss of all interest, and the interest can only be calculated at 0.2% of the demand deposit, while the early withdrawal of treasury bonds can obtain a part of the income. Therefore, for prudent investors, there is no doubt that Treasuries are the best option.