Generally, it is necessary to notify the bank a few days in advance to withdraw the time deposit in advance. How to calculate the interest rate?

Generally, you don't need to notify the bank for withdrawals below 10000 yuan, and notify the bank at least one day in advance for withdrawals above 10000 yuan. To withdraw bank time deposits in advance, I need to go to the bank counter with my ID card and original deposit certificate (deposit certificate, passbook and bank card).

Interest calculation

Interest rates are divided into simple interest rates and compound interest rates:

Interest I=P*i*n, where I stands for interest, I stands for interest rate and n stands for deposit period. China adopts a simple interest calculation method.

① Simple interest method.

Interest = principal × interest rate × term.

② Compound interest method

(Used to calculate interest during automatic renewal)

F=P×( 1+i)N (power)

F: compound interest final value.

P: the headmaster.

I: interest rate.

N: an integer multiple of the interest rate acquisition time.

Extended data:

Extraction method:

① Full withdrawal at maturity, and one-time settlement of principal and interest at the specified interest rate;

② Full withdrawal in advance, and the bank pays interest according to the deposit rate listed on the withdrawal date;

(3) part of the withdrawal in advance, the withdrawal part is calculated according to the current period, and the rest is still regular.

In general, the interest rate of time deposits varies according to the number of years. The interest rate of bank deposits is not adjusted every year, but the state adjusts it at any time according to the economic operation. The interest rates of time deposits of ICBC, China Construction Bank, China Bank, Agricultural Bank and Bank of Communications are the same in all banks in China, and are uniformly stipulated by the People's Bank of China.

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