How to calculate the interest of 7-day notice deposit of Agricultural Bank of China?

At present, the interest rate of 7-day notice deposit is 1.49%.

The Agricultural Bank of China will notify the deposit in seven days, transfer it automatically in seven days, and calculate the compound interest. Customers must notify the bank to withdraw their deposits seven days in advance. If the deposit is withdrawn for less than seven days, the interest will be calculated according to 1 day notice deposit.

No matter how long the actual deposit period is, individual notice deposits can be divided into one-day notice deposits and seven-day notice deposits according to the length of advance notice of depositors. One-day notice deposit must be notified one day in advance, and seven-day notice deposit must be notified seven days in advance.

The minimum initial deposit amount of personal notice deposit is 50,000 yuan (inclusive), and the minimum initial deposit amount of foreign currency notice deposit is slightly different in different regions, which is about 50,000 yuan (inclusive). The initial deposit amount of enterprise notice deposit is 500,000 yuan.

Extended data:

The deposit interest rate is the ratio of interest amount to deposit amount in a certain period. Also known as deposit interest rate. Is the standard for calculating deposit interest. There are annual interest rate, monthly interest rate and daily interest rate (also called annual interest rate, monthly interest rate and daily interest rate).

The annual interest rate is expressed as a percentage of the principal, and the monthly interest rate is expressed as a percentage of the principal; The daily interest rate is expressed as a few ten thousandths of the principal. Our country is used to calling interest rates cents.

The deposit interest rate is an economic lever for banks to absorb deposits, and it is also an important factor affecting the cost of banks. China's deposit interest rate is determined by the state according to objective economic conditions, currency circulation, supply and demand of market materials and taking into account the interests of all parties.

References:

Deposit interest rate-Baidu Encyclopedia