Nowadays, many middle-aged and elderly people like to deposit money in the Postal Savings Bank, mainly because the Postal Savings Bank is different from the other five major state-owned banks, and often gives small gifts to depositors. For example, eggs, cooking oil, rice, small household appliances and other items. In addition, the Postal Savings Bank has many outlets, whether it is a city or a township, all over the country, and ordinary people can handle deposit business as long as they are close to their homes.
Starting in 2023, in order to encourage depositors to take out their money for consumption and investment, major state-owned banks have lowered deposit interest rates three times in a row. And the Postal Savings Bank, as a state-owned bank, is also among them. At present, the three-year bank deposit interest rate of the six major state-owned banks has been reduced to less than 3%, and the one-year bank deposit interest rate has been reduced to less than 2%.
As a result, some depositors have asked: If 200,000 yuan is deposited in the Postal Savings Bank now, how much will the interest on the deposit be after one year? In fact, the Postal Savings Bank has three types of deposits, namely, demand deposits, time deposits, and large-amount certificates of deposit. The interest rate given is completely different depending on the type of deposit.
First, demand deposits
Like other state-owned banks, the PSBC has a 0.2% interest rate on demand deposits. If the depositor deposits 200,000 yuan in the Postal Savings Bank, the interest after one year is only 400 yuan. Obviously, the interest rate on demand deposits is ridiculously low and unacceptable. Therefore, as long as the depositor's deposit is higher than 30,000 yuan, he can choose to deposit a fixed deposit.
Even if you want to use the funds at any time, you can deposit a 3-month or 6-month fixed deposit at an interest rate that is several times higher than that of a demand deposit. However, for banks, they prefer depositors to have a lifetime deposit, so that they can obtain a larger deposit and loan spread, and their performance can also be greatly improved.
Second, fixed deposits
At present, the interest rate on fixed deposits of the Postal Savings Bank is similar to that of other state-owned banks. (1) 3-month 1.4% ;(2) 6-month 1.6% ;(3) 1-year 1.7% ;(4) 2-year 1.9% ;(5) 3-year 2.35% ;(6) 5-year 2.4%. If the depositor takes 200,000 yuan and deposits it in the Postal Savings Bank, the interest rate of the one-year fixed deposit of the Postal Savings Bank is 1.7%, and the interest income at maturity is 3,400 yuan.
Many people will feel that it will be difficult for deposit rates to outpace inflation. However, it is unlikely that ordinary people will outperform inflation, so they can only settle for the next best thing, which is to ensure that the principal is not lost. Once the money is taken out to invest in high-yield varieties, it is likely that it will not be a problem of depreciation of asset purchasing power, but a dilemma of asset shrinkage.
Third, large-denomination certificates of deposit
The threshold for large-denomination certificates of deposit of the Postal Savings Bank is 200,000, and the maximum term of large-denomination certificates of deposit of the Postal Savings Bank is 3 years. According to the data, the interest rate of large-denomination certificates of deposit is: (1) 1-month large-denomination certificates of deposit, the interest rate is 1.50% annualized. (2) The interest rate of 3-month large-denomination certificates of deposit is also 1.50% per annum. (3) The interest rate of 6-month large-denomination certificates of deposit is 1.70% per annum. (4) 1-year large-denomination certificates of deposit, the interest rate is 1.85% per annum. (5) The interest rate for 2-year certificates of deposit is 2.1% per annum. (6) The interest rate for 3-year certificates of deposit is 2.4% per annum.
If the depositor takes 200,000 yuan and deposits it in the Postal Savings Bank, the interest rate of the one-year fixed deposit of the Postal Savings Bank is 1.85%, and the interest income due is 3,700 yuan. In fact, compared with fixed deposits, large-denomination certificates of deposit not only have advantages in terms of interest rates, but also have the function of being transferable. If a depositor suddenly needs to withdraw the funds in advance after purchasing a large certificate of deposit, it can be transferred in the market. Although there will be some losses in the interest rate of the deposit after the sale, it will not be calculated as the demand deposit interest rate like time deposits.