Tall man. The normal deposit interest rate of banks is between 1.5-3%, the loan interest rate is between 4% and 6%, and the annual interest rate of 9.88% is much higher than that of banks and loans, so it is high. The annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal in a certain period of time.