You can control your credit card consumption and repay it on time every month, so your credit card can always be interest-free. Just return the amount you spend to the bank without interest.
The bank will charge interest for overdue or insufficient repayment. In this case, the credit card interest is calculated from the date when the consumption is recorded, and the interest of five ten thousandths is charged every day and compounded monthly, which means that if the interest of this month is not paid off, these interests will also generate interest next month.
In addition to interest, the use of credit cards will also cause other expenses, such as late payment fees for overdue repayment. Cardholders should pay attention to the cost standard of credit cards when using them.
1 month's specific interest in the bank is related to your deposit method and deposit amount. Generally speaking, you can choose current deposit or large deposit:
1. The annual interest rate of demand deposits in most banks is around 0.3%. Suppose your deposit amount is 654.38+ten thousand yuan, and 1 month is calculated as 30 days, then the interest of 1 month is about 100000×0.3%×30/360=25 yuan.
2. The annual interest rate of certificates of deposit is generally around 1.53%- 1.65%, depending on which bank and how much you deposit. Take ICBC as an example. If the initial deposit is 200,000 yuan, the interest rate for one month is 1.58%. Suppose your deposit amount is 200,000 yuan, and the interest of 1 month is about 263.3 yuan.
Extended data:
The deposit interest rates and loan interest rates of major banks are different. Let's take several major banks in common use as examples:
Deposit interest rate. The deposit rates of China Bank, Industrial and Commercial Bank, China Construction Bank, Bank of Communications, Agricultural Bank and China Merchants Bank are the same.
Its deposit interest rate is 0.3%; Fixed three-month interest rate1.35%; The fixed interest rate for 6 months is1.55%; The annual interest rate is1.75%; 2-year fixed annual interest rate is 2.25%; The 3-year fixed annual interest rate is 2.75%; The five-year fixed annual interest rate is 2.75.
Loan interest rate. The loan interest rates of China Bank, Industrial and Commercial Bank, China Construction Bank, Bank of Communications, Agricultural Bank and China Merchants Bank are the same.
Short-term loan: the annual interest rate for six months (inclusive) is 4.35%; The annual interest rate for six months to one year (inclusive) is 4.35%. Medium and long-term loans: the annual interest rate for one to three years (inclusive) is 4.75%; The annual interest rate for three to five years (inclusive) is 4.75%; The annual interest rate for more than five years is 4.9%. Provident fund loan: the annual interest rate for less than five years (inclusive) is 2.75%; The annual interest rate for more than five years is 3.25%.
It should be noted that the above interest rates are only listed interest rates of banks, and the actual implementation interest rate will fluctuate on this basis.