On December 22 last year, the four major state-owned banks, including the Bank of China, as well as large joint-stock banks, successively lowered their deposit interest rates, which was the third time in nearly a year.
For ordinary people, deposits are the most common way to manage money, so the impact of interest rate cuts is great, especially for long-term deposits, and each interest rate cut is the largest. According to the latest interest rate of the Bank of China, if 80,000 yuan is deposited in the bank, how much interest can be obtained after four years?
How much interest is accumulated when 80,000 yuan is deposited into a demand deposit of BOC?
The annualized interest rate of demand deposits of Bank of China is exactly the same as that of other large banks, which is 0.2%, and the cumulative interest that can be obtained after four years of deposit of 80,000 yuan is:
80,000 * 0.2% * 4 = 640 yuan
The annualized interest rate of demand deposits is very low, resulting in very small interest returns, and I believe that most people will not keep their money in demand deposits. However, no matter how little interest you have, it is more than hiding your money at home, and you don't have to worry about money being damaged by theft, fire and other accidents when you keep your money in the bank.
If 80,000 yuan is deposited into a fixed deposit of Bank of China, how much will be the interest after 4 years?
Bank of China's fixed deposits are divided into six categories according to different tenors, including three-month, six-month, one-year, two-year, three-year and five-year tenors, and the interest after 4 years of deposit is calculated as follows.
1. Three-month fixed deposit
The annualized interest rate of the three-month fixed deposit of Bank of China is 1.25% before the interest rate cut, and 1.15% after the interest rate cut.
80,000 * 1.15% * 4 = 3,680 yuan
2. Six-month fixed deposit
The annualized interest rate of the six-month fixed deposit of Bank of China is 1.45% before the interest rate cut, and 1.35% after the interest rate cut.
80,000 * 1.35% * 4 = 4,320 yuan
3. One-year fixed deposit
The annualized interest rate of the one-year time deposit of Bank of China is 1.55% before the interest rate cut, and 1.45% after the interest rate cut, and the cumulative interest that can be obtained after four years is as follows:
80,000 * 1.45% * 4 = 4,640 yuan
4. Two-year fixed deposits
The annualized interest rate of the two-year fixed deposit of Bank of China is 1.85% before the interest rate cut, and 1.65% after the interest rate cut.
80,000 * 1.65% * 4 = 5,280 yuan
5. Three-year fixed deposit
The annualized interest rate of Bank of China's three-year time deposit is 2.2% before the interest rate cut, and 1.95% after the interest rate cut, and the six-year interest rate for two three-year time deposits is calculated first, and then converted into four-year interest:
80,000 * 1.95% * 6 = 9,360 yuan, and the interest for four years is 6,240 yuan
6. Five-year term deposit
The annualized interest rate of the five-year fixed deposit of Bank of China is 2.25% before the interest rate cut, and 2% after the interest rate cut, and the 80,000 yuan can only mature after five years, and the total interest is calculated first and then converted into four years of interest:
80,000 * 2% * 5 = 8,000 yuan, and the interest for four years is 6,400 yuan
If you buy a large certificate of deposit from Bank of China for 80,000 yuan, how much will the interest be after 4 years?
Bank of China has a minimum deposit point requirement for large-value certificates of deposit, and Bank of China's minimum deposit point for large-value certificates of deposit is 200,000 yuan, and 80,000 yuan obviously does not meet the requirements. However, we can deposit $200,000 with our relatives and friends, and share the interest according to the investment ratio after maturity. There are also six types of certificates of deposit in Bank of China, and the interest is calculated as follows.
1. One-month and three-month certificates of deposit
The annualized interest rate of these two types of large-denomination certificates of deposit is the same, 1.6% before the interest rate cut, 1.5% after the interest rate cut, 80,000 yuan for multiple purchases, and the interest after four years is:
80,000 * 1.5% * 4 = 4,800 yuan
2. Six-month certificates of deposit
The annualized interest rate of Bank of China's six-month large-denomination certificates of deposit is 1.7% before the interest rate cut, and 1.6% after the interest rate cut, and the interest rate after four years is 80,000 yuan for multiple purchases:
80,000 * 1.6% * 4 = 5,120 yuan
3. One-year certificates of deposit
The annualized interest rate of Bank of China's one-year large-amount certificates of deposit is 1.9% before the interest rate cut, and 1.8% after the interest rate cut, and the interest rate after four years is 80,000 yuan for multiple purchases:
80,000 * 1.8% * 4 = 5,760 yuan
4. Two-year certificates of deposit
The annualized interest rate of the two-year large-amount certificate of deposit of the Bank of China is 2.15% before the interest rate cut, and 1.9% after the interest rate cut.
80,000 * 1.9% * 4 = 6,080 yuan
5. Three-year certificates of deposit
The annualized interest rate of Bank of China's three-year fixed deposit is 2.65% before the interest rate cut, and 2.35% after the interest rate cut, and the six-year interest rate for the purchase of two three-year large-denomination certificates of deposit, the total interest is calculated first and then converted into four years of interest:
80,000 * 2.35% * 6 = 11,280 yuan, and the interest for four years is 7,520 yuan
What about the yield on savings bonds?
In addition to fixed deposits and large-amount certificates of deposit, there are also savings treasury bonds among the financial products that guarantee capital and interest, so you can pay attention to them. It should be noted that savings treasury bonds are not issued by banks, but are only distributed by commercial banks, including the Bank of China, and the real issuer is the central government, that is, the state provides financing to the society.
There are two types of savings bonds: three-year and five-year, and the interest rate and interest calculation of the latest period are as follows:
Three-year savings bonds:
The annual interest rate is 2.63%, and the total interest generated in four years is: 80,000 * 2.63% * 3 = 6,312 yuan
Five-year Treasury bonds:
The annual interest rate is 2.75%, and the total interest generated in four years is 80,000 yuan * 2.75% * 3 = 6,600 yuan
Savings treasury bonds are not only safe, but also have a higher yield than time deposits and large-amount certificates of deposit, the only drawback is that they are in short supply, and they can only be purchased when the state sells them, and the amount of each sale is very small, that is, tens of billions of yuan, which is almost negligible in the face of the country's tens of trillions of stock deposits.
Therefore, it is recommended that friends who want to invest in savings treasury bonds must prepare in advance, pay attention to the issuance information of treasury bonds, and buy them on the morning of the first day of sale.