Received a text message saying that the interest settlement transaction was completed. What does that mean?

When you receive a short message saying that you have completed the interest settlement transaction, it means that the bank will settle the deposit and loan interest at the agreed interest rate according to your deposit and loan accumulation in the bank.

General deposit and loan interest is settled quarterly at the monthly interest rate, that is, the 20th of the last month of each quarter is the settlement date (March 20th, June 20th, September 20th, 65438+February). The start and end date of interest calculation is 2 1 day of last quarter month to 20th of last quarter month.

Extended data:

Price difference calculation

Overnight spreads played a key role. For example, the interest rates of high-interest currencies are US dollars (5.25%), Australian dollars (6.25%) and New Zealand dollars (7.50%), and low-interest currencies are Japanese yen (0.5%). Assuming that the interest rate of USD is 5.25% and the interest rate of JPY is 0.5%, we will trade USD 65438+ million, 10.

Earn interest income of $65,438+000,000 x 5.25% = $5,250, and pay interest of $65,438+02150,000 x 0.5% = 60,750 yen, and $5,250 = 5,250 x121.5.

When 57,765,438+025/65,438+0,265,438+0.50 = 4,750 USD, you can get risk-free income, so you can get 57,765,438+025 yen (4,765,438+025 yen) if you hold high-interest currency USD for one year.

Baidu Encyclopedia-Interest Settlement Day