Agricultural Bank of China is a large state-owned bank in Chinese mainland with assets second only to ICBC, and is ranked as Group 4 among the country's systemically important banks in 2023, which, along with ICBC, China Construction Bank and Bank of China, is by far the most important group of banks in China. Therefore, from any point of view, there is no need to worry about the loss of money deposited in the Agricultural Bank.
What is the current deposit interest rate of the Agricultural Bank of China? Compared with a month ago, it has decreased, and we take the deposit of 230,000 yuan for five years as an example to calculate the accumulated interest after maturity.
How much interest can I get if I deposit 230,000 yuan in a demand deposit for five years?
The latest annualized interest rate of the demand deposit of the Agricultural Bank of China is 0.2%, and the total interest that can be obtained by depositing 230,000 yuan into the demand deposit for five years is:
230,000 * 0.2% * 5 = 2,300 yuan
The interest rate of demand deposits is well known, so there is no need to make a fuss and it is not recommended that you deposit a large amount of money into demand deposits. At the same time, it should be reminded that early withdrawal of fixed deposits and large-denomination certificates of deposit can only calculate interest at the annualized interest rate of 0.2% for demand deposits.
How much interest can I get if I deposit 230,000 yuan into a fixed deposit for five years?
The annualized interest rate of the Agricultural Bank of China's fixed deposits is much higher than that of demand deposits, but the interest rate began to be lowered on December 22 last year, and now the interest on the deposit is calculated according to the new latest listed interest rate, and 230,000 yuan is deposited in the fixed deposit of various maturities for five years, and the interest that can be obtained is as follows.
1. Three-month fixed deposit
The annualized interest rate of the three-month fixed deposit of the Agricultural Bank of China is 1.15%, which is 10 basis points lower than before, and the accumulated interest of 230,000 yuan can only be completed for five years after being deposited multiple times, and the accumulated interest is:
230,000 * 1.15% * 5 = 13,225 yuan
2. Six-month fixed deposit
The annualized interest rate of the six-month fixed deposit of the Agricultural Bank of China is 1.35%, which is 10 basis points lower than before, and the accumulated interest of 230,000 yuan can only be completed for five years after being deposited many times, and the accumulated interest is:
230,000 * 1.35% * 5 = 15,525 yuan
3. One-year fixed deposit
The annualized interest rate of the one-year fixed deposit of the Agricultural Bank of China is 1.45%, which is 10 basis points lower than before, and the accumulated interest of 230,000 yuan can only be completed for five years after being deposited many times, and the accumulated interest is:
230,000 * 1.45% * 5 = 16,675 yuan
4. Two-year fixed deposits
The annualized interest rate of the two-year fixed deposit of the Agricultural Bank of China is 1.65%, which is 20 basis points lower than before, and the 230,000 yuan has been deposited for more than five years (six years).
230,000 * 1.65% * 6 = 22,770 yuan, converted into five years of interest is 22,770/6 * 5 = 18,975 yuan
5. Three-year fixed deposit
The annualized interest rate of the three-year fixed deposit of the Agricultural Bank of China is 1.95%, which is 25 basis points lower than before, and the 230,000 yuan is deposited twice for more than five years (six years).
230,000 * 1.95% * 6 = 26,910 yuan, converted into five years of interest is 26,910 / 6 * 5 = 22,425 yuan
6. Five-year term deposit
The annualized interest rate of the one-year fixed deposit of the Agricultural Bank of China is 2%, which is 25 basis points lower than before, and the interest that can be obtained after the deposit of 230,000 yuan is exactly five years after maturity:
230,000 * 2% * 5 = 23,000 yuan
How much interest can I get if I deposit 230,000 yuan into a fixed deposit for five years?
The starting point of large-value certificates of deposit is 200,000 yuan, and 230,000 yuan can be used to purchase large-amount certificates of deposit of the Agricultural Bank of China, and the annualized interest rate of different tenors is different, and the interest that can be obtained by purchasing 230,000 yuan for five years is calculated as follows.
1. One-month and three-month certificates of deposit
The latest annualized interest rate of Agricultural Bank of China's one-month and three-month large-denomination certificates of deposit is 1.5%, which is 10 basis points lower than before, and 230,000 yuan has been purchased for five consecutive years, and the accumulated interest is:
230,000 * 1.5% * 5 = 17,250 yuan
2. Six-month certificates of deposit
The latest annualized interest rate of the Agricultural Bank of China's large-amount certificates of deposit in June is 1.6%, which is 10 basis points lower than before, and 230,000 yuan has been purchased for many consecutive years for five years, and the accumulated interest is:
230,000 * 1.6% * 5 = 18,400 yuan
3. One-year certificates of deposit
The latest annualized interest rate of the one-year large-amount certificate of deposit of the Agricultural Bank of China is 1.8%, which is 10 basis points lower than before, and the accumulated interest of 230,000 yuan has been purchased for five consecutive years:
230,000 * 1.8% * 5 = 20,700 yuan
4. Two-year certificates of deposit
The latest annualized interest rate of the two-year large-amount certificate of deposit of the Agricultural Bank of China is 1.9%, which is 25 basis points lower than before, and the 230,000 yuan has been purchased for more than five years after three consecutive purchases.
230,000 * 1.9% * 6 = 26,220 yuan, converted into five years of interest is 26,220 / 6 * 5 = 21,850 yuan
5. Three-year certificates of deposit
The latest annualized interest rate of the two-year large-amount certificate of deposit of the Agricultural Bank of China is 2.35%, which is 25 basis points lower than before, and after the purchase of 230,000 yuan twice in a row, it exceeds five years, and all the interest is calculated first and then converted into five-year interest:
230,000 * 2.35% * 6 = 32,430 yuan, converted into five years of interest is 32,430 / 6 * 5 = 27,025 yuan
Can I buy savings insurance from Agricultural Bank of China?
Savings insurance is now more popular, including traditional annuity insurance and increased whole life insurance, which has been said to be very popular in recent years. Is it possible to buy savings insurance at the Agricultural Bank of China? There is no absolute answer to this question, but we will talk about a few key points, and you can judge for yourself after understanding them.
First, commercial banks, including the Agricultural Bank of China, do not have the right to issue insurance, and the insurance sold in banks is issued by insurance companies, and banks only provide channel services, that is, agent sales.
Second, savings insurance generally cannot be withdrawn in advance, often with a closed period, unlike time deposits and large certificates of deposit, the maximum loss point interest is withdrawn in advance, and the loss of money from the insurance in advance will be the principal and the amount is not a lot. Spare money, funds that will not be needed urgently for five, ten years, or even more are more suitable for investment insurance.
Third, savings insurance is a long-term investment financial product, and the rate of return in the early stage of investment is not high or even lower than that of time deposits, and its advantages will only appear over time. In the case of incremental whole life insurance, for example, it is often 15-20 years old after investing 15-20 years to meet the expectation of return when there is no accident and a claim is made. Therefore, when buying savings insurance, you need to be prepared for a "long-term battle" and not care about short-term gains and losses.
In fact, savings insurance has always been one of the important forms of asset allocation for high-net-worth individuals, who have a lot of spare money in their hands, and long-term, medium-term and short-term financial products must be allocated. Ordinary people think about the above three points clearly before deciding whether to buy savings insurance.