2. This means that the credit card overdraft interest rate will be fully market-oriented, and banks can flexibly set prices according to their own conditions. Market analysts told the reporter of Investment Express that different banks will adopt different overdraft interest rates according to credit resources, development goals and market strategies, and small and medium-sized banks will attract customers through lower interest rates; Secondly, customers with high overdraft frequency and amount and good credit will get more favorable overdraft interest rate. However, with the downward adjustment of interest rates of various consumer loan products, the credit card overdraft interest rate has gradually become a typical representative of high interest rates. After the restriction is lifted, the credit card overdraft interest rate may fall.
1, the annual interest rate is the annual interest rate, which is simply the ratio of the actual interest to the principal after we save money for one year. If your principal is 10000 yuan and the annual interest rate is 4%, then the interest earned after 1 year is 400 yuan.
2. Annualized interest rate refers to the interest rate discounted to the whole year through the inherent rate of return of products. The annualized interest rate is the annualized display of short-term income. It converts the current interest rate (daily interest rate, monthly interest rate) into annual interest rate, assuming that our investment period is the income we will get after one year. This is an estimated rate of return. The annualized interest rate will be equal to the annual interest rate only if the future income remains unchanged. However, annualized income tends to fluctuate. The annualized interest rate is equivalent to one year's interest rate. Like a product, the cycle is six months. I tell you, if the annualized interest rate is 12%, then the six-month interest rate is 6%, that is, the monthly interest rate is 1%, and the converted annual interest rate is 12%.