How much is the interest for one year?

The interest rates for money deposited in different banks are different. The People’s Bank of China’s benchmark interest rate in 2018, the one-year deposit benchmark interest rate is 1.5.

Each bank will use the benchmark interest rate based on the benchmark interest rate. Interest rates are adjusted to a certain extent (generally floating up), so the one-year interest rates of various banks are slightly different.

We use the benchmark interest rate as an example: if you deposit 10,000 yuan in a bank for a period of one year, the benchmark interest rate is 1.5 ,

The calculation formula is: principal (10,000 yuan) * interest rate (1.5) * year (1 year) = interest, and the interest for one year is 150 yuan.

1. Even if you have the same bank, the interest rates on deposits are different. Because deposits are divided into current deposits and time deposits.

Time deposits are divided into the following categories:

1. Lump sum deposits and withdrawals: The customer chooses the deposit period, deposits the lump sum, and withdraws the principal and interest after maturity. A kind of regular savings, with lump sum deposits and lump sum withdrawals, it has a higher stable income and a higher interest rate, and the interest rate is proportional to the length of the term; it is worry-free and convenient, and has the function of automatic transfer of lump sum deposits after the deposit expires;

When customers need capital turnover and their lump sum deposits in the bank have not expired, they can use self-service loans to pledge the lump sum deposits on their accounts to obtain personal loan financing;

Can Part of the early withdrawal will be withdrawn once, but the early withdrawal will accrue interest according to the current deposit rate listed on the day of withdrawal; the minimum deposit amount is low: the minimum deposit amount of each currency is as follows: RMB 50, foreign currency: Hong Kong dollar 50, Japanese yen 1,000 yuan, other currencies The original currency is 10 yuan;

There are many options for deposit periods: RMB deposit period options: three months, six months, one year, two years, three years and five years; foreign currency deposit period options: One month, three months, six months, one year, two years.

2. Small deposits and lump sums: If customers need to gradually accumulate monthly balances, they can choose the "small deposits and lump sums" deposit method. Small deposits and lump sums are a kind of regular savings in which an amount is agreed in advance, and the agreed amount is deposited every month, and the principal and interest are withdrawn upon maturity. The advantages are a wide range of applications and simple procedures; the income is higher; the minimum deposit amount can be as low as RMB 5; there are many options for deposit periods: including one year, three years, and five years. However, a fixed amount is required to be deposited every month. If the deposit is missed halfway, it should be made up in the next month. Failure to make up the amount will be regarded as a breach of contract. After the default, the customer will no longer accept renewals and re-deposits.

3. Deposit and withdraw interest: If the customer has a large amount of money that he has no need to use within a certain period of time and only needs to withdraw interest regularly for living expenses, the customer can choose the method of depositing principal and withdrawing interest as his own. In the form of fixed savings deposits, the minimum deposit amount for principal deposit and interest withdrawal is higher than the above, and the minimum deposit amount is RMB 5,000.

In addition, there are also deposit methods such as lump sum deposit, partial withdrawal, fixed deposit, and live deposit. Depositors can flexibly choose deposits according to their own economic conditions.

Deposits refer to funds or currencies in which a depositor temporarily transfers or stores funds or currency in a bank or other financial institution while retaining ownership, or temporarily transfers the right of use to a bank or other financial institution. , is the most basic and important financial behavior or activity, and is also the most important source of credit funds for banks.

Deposits are one of the most basic businesses of a bank. Without deposits, there would be no loans, and there would be no bank. Judging from the time of creation, deposits predate banks. In the Tang Dynasty, there were special counters for collecting and keeping money. Depositors could pay with check-like "stickers" or other tokens.

The money changers that appeared in Europe in the Middle Ages also accepted customers to deposit money. They were money custodians and did not pay interest. They were the germination of foreign bank deposit business. With the emergence of banks and other financial institutions, banks' deposit business has developed rapidly.