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.
How can depositors save money to get higher interest?
First of all, the interest rate of small bank deposits is higher. Although the five state-owned banks have the strongest background, the deposit interest rate is not high. Relatively speaking, the deposit interest rate of local small banks is higher. No matter the deposits of big banks or small banks, they are all protected by the Deposit Insurance Regulations, and 100% can be guaranteed within 500,000 yuan, and there is no need to deposit in state-owned big banks.
Secondly, the 3-year deposit rate is the highest. The minimum term of bank time deposit is 3 months and the maximum term is 5 years. The longer the term, the higher the interest rate. 1 year interest rate is too low, mostly within 2%. It is better to buy a money fund than to deposit a fixed deposit within 1 year. 3-year and 5-year deposits have the highest interest rates. The interest rate of 3-year deposits in many banks is even higher than that of 5-year deposits. If the liquidity of funds is not high, it can be guaranteed that the money will not be used for a long time in the future. It is best to deposit a three-year time deposit.
Third, you can buy a large deposit certificate if the amount exceeds 200,000 yuan. The interest rate of certificates of deposit is much higher than that of time deposits, and the interest rates of each term are higher than the benchmark interest rate of the central bank by more than 50%. The three-year and five-year interest rates are mostly above 4%, the time deposit interest rate is about 30% higher than the benchmark interest rate, and the three-year and five-year interest rates are mostly within 3.5%. In addition, most of the early withdrawal of large deposit certificates also supports filing interest, which is much more flexible.
Fourth, the Internet deposit rate is higher. At present, all major Internet financial platforms are selling bank deposits on a commission basis. The issuing banks are mostly private banks, city commercial banks and rural commercial banks. There are various forms of deposits, which are classified into current, fixed and interest-bearing. Interest rates are generally above 4%, and some banks can even reach more than 5%.