If you deposit RMB 7 million in a bank, you can only get current interest rates in a month.

The current demand interest rate is 0.5%.

Therefore, I can only get 2,916,67 yuan in interest per month.

It is better to put it in a better currency fund, such as ChinaAsia Cash Growth Currency Fund, which currently has an annualized rate of return of around 4-6%.

According to the 5% rate of return, you can make a profit of 29,166.70 yuan in one month.

That is to say, the income will be about 10 times higher than if the money is placed in the bank and the current interest rate is obtained.

It is recommended to keep the money separately. You can put 10% in the bank for easy collection when needed urgently. 40% can be used to buy some treasury bonds or annuity insurance. The income is not high, but it is very stable. The rest can be used for other investments.

The current deposit interest rate of state-owned banks is 0.3%, and the interest on depositing 70 million yuan for one year is only 210,000 yuan. It is the lowest-risk and lowest-yield financial management method.

The interest rate of time deposits becomes higher as the term is extended. For example, the five-year fixed interest rate of Yilian Bank is 5.45%, and the annual interest income of 70 million yuan is 3,815,000 yuan.

: How to calculate bank interest?

The calculation formula of interest is: interest = principal × interest rate × deposit period, with interest starting from the principal dollar amount.

No interest will be calculated for those below Yuan level.

The calculated interest is retained to the digit.

Round off the five people below the points.

Interest rate refers to the ratio of the interest on a certain deposit to the principal of the deposit.

The interest rates are formulated and announced by the People's Bank of China authorized by the State Council, and implemented by various financial institutions.

Interest rate means: annual interest rate %.

% monthly interest rate.

Daily interest rate %%.

When using interest rates, attention should be paid to the relationship: annual interest rate ÷ 12 = monthly interest rate, monthly interest rate ÷ 30 = daily interest rate. Specifically: 1. Interest (year) = principal × annual interest rate (percentage) × deposit period = principal × interest rate ×

Time 2. Deposit interest = principal × number of days × listed interest (interest rate) = number of days to calculate interest × daily interest rate. What are the classifications of bank interest?

According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.

Interest receivable refers to the remuneration that banks receive from borrowers for issuing loans to borrowers.

It is the price that borrowers must pay to use their funds; it is also part of the bank's profit.

Interest payable refers to the remuneration paid by the bank to depositors for collecting deposits from depositors.

This is the price a bank must pay to absorb deposits and is also part of the bank's costs.