The annual interest rate is high at 4.84. According to relevant information, the annual interest rate is 4.45%. As an ordinary deposit, the interest rate is still high. The one-year benchmark interest rate set by the People's Bank of China is currently below 2%, and each bank can fluctuate up or down. It is 2.1% for large banks and 2.2% to 2.6% for other banks. The annualized interest rate refers to the interest rate discounted to the whole year through the inherent yield of the product. The People's Bank of China issued an announcement to make relevant regulations on the annualized interest rate of loans for loan products.