Interest = principal * annual interest rate /4.
Advantages of time deposit
1, the interest rate is higher than the bank demand deposit.
Time deposit is not as flexible as demand deposit, so it has the characteristics of higher expected rate of return than demand deposit.
2. The choice space is large.
Depositors with different liquidity needs can choose different deposit periods according to their actual conditions, which is very flexible.
3. High degree of security.
Time deposit belongs to bank deposit, and the risk is very low compared with other investment methods. In general, there is no need to worry about the loss of principal.
4. Fixed interest rate
In the investment market, many wealth management products or most wealth management products do not guarantee the expected return, which has become a major factor for investors to worry about. The fixed deposit has a fixed interest income, so there is no need to worry about not reaching the expected expected income.
Disadvantages of time deposit
1, weak liquidity
If you withdraw in advance, you can only calculate the expected income according to the current interest rate. If we want to balance the expected return and flexibility, we can consider the money fund. The expected income is slightly higher than the interest rate of two-year fixed deposit, which is equivalent to demand deposit in use. Expected benefits and flexibility can be considered.
2. The expected income level is low.
Time deposit is more suitable for cautious and conservative investors. For quite a few friends, time deposit is not only inflexible, but also has a low expected income level. Investors with general stability and above will choose investment methods with high risks and expected returns to realize value-added under certain security conditions.
What is a time deposit?
1. Time deposit refers to a deposit in which the term and interest rate are agreed by the bank and the depositor in advance, and the principal and interest are withdrawn after maturity, also known as time deposit certificate. If depositors need funds before maturity, some certificates of deposit can be sold in the market; Some certificates of deposit cannot be transferred. If depositors choose to withdraw funds from the bank before maturity, they need to pay a certain fee to the bank. Time deposit is the most important source of funds for bank credit business.
2. Cash and current savings deposits can be directly applied for time savings deposits. The minimum initial deposit for time account opening is 50 yuan, and there is no deposit limit.
The shelf life is three months, six months, one year, two years, three years and five years. Partial withdrawal can be made in advance. When the deposit expires, the principal and interest can be withdrawn by the certificate of deposit, or it can be automatically transferred in installments according to the original deposit period.
Answer on 2021-12-14.
Agreed 1
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How much is the regular interest of 60 thousand yuan deposited in the bank for three months
The annual interest rate of three-month time deposits in some banks is 2.35%, so the interest rate is: 60000*0.25*2.35%=352.50. The annual interest rate of three-month time deposits in other local banks is 2.73%, and the interest rate of half-year time deposits is: 60000*0.25*2.73%=409.50. Search for "interest calculator for bank deposits" on Baidu. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit. Definition 1. Money other than the principal of deposits and loans (different from "principal"). 2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. In a less abstract sense, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time). Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%. 3. The classification of bank interest can be divided into two types according to the nature of banking business: bank interest receivable and bank interest payable. Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits. Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks. Monetary interest theory holds that interest is the cost of borrowing money and selling securities, as well as the income from lending and buying securities. As a monetary phenomenon, interest rate is completely determined by the supply and demand of money. China scholars believe that in a socialist society with public ownership as the main body, the benefits come from the value-added part of national income or social wealth. In real life, interest is regarded as a general form of income, which leads to the capitalization of income.
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How much is the interest for saving 60 thousand yuan for three months?
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