How much is it to deposit 5 million in the bank every day?

If the currency is deposited in the bank for 5 million yuan, the daily interest will be 1250 yuan.

Suppose you deposit 5 million yuan in a large state-owned bank in China, such as Industrial and Commercial Bank of China. Take one-year time deposit as an example, the annual interest rate is 2.25%.

For time deposits, the one-day interest rate is usually a very low value, usually between 0.0 1%-0.03%. Suppose the interest rate for one day is 0.0 1%. According to the calculation formula of deposit interest: deposit interest = deposit principal × deposit interest rate × deposit years, one day's interest income can be calculated.

One day's interest of 5 million yuan deposited in ICBC is about: 5 million× 0.01%×1=1250 yuan.