The deposit interest rate of rural credit cooperatives is determined according to the benchmark interest rate of the central bank, and the deposit interest rates published by different credit cooperatives outlets are not the same, but on the whole, the deposit interest rate of credit cooperatives is generally higher than that of commercial banks, which is about 1.95% ~ 2.7%, so the interest earned by 50,000 yuan a year is about 975 yuan ~ 1350 yuan.

The calculation formula of bank interest is: interest = principal * annual interest rate * deposit term. For example, 50000* 1.5%* 1=750 yuan.

Deposit interest rate is the standard for calculating deposit interest. Refers to the ratio of interest amount to deposit amount in a certain period, also known as deposit interest rate.

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.

2065438+2005,65438+2005123 October, the People's Bank of China announced interest rate cuts and RRR cuts, and at the same time, it was clear that the deposit interest rate ceiling would no longer be set for commercial banks and rural cooperative financial institutions. At this point, the interest rate control has been basically abolished, and the interest rate marketization reform has entered a new stage.

Interest rate units 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. China used to call the interest rate a few cents.

Rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. Their common feature is that deposits are the main liabilities, loans are the main assets, and transfer settlement is the main intermediary business, which directly participates in the creation process of deposit currency.

Rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions whose main purpose is mutual assistance, referred to as "credit cooperatives", which carry out deposit and loan business among members for the purpose of mutual assistance and self-help. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy.

Due to the seasonal, decentralized and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the difficulty of insufficient funds, so this kind of mutual aid self-help credit organization established by means of capital contribution and deposit has emerged.