The principal interest shall be calculated at Yuan level, but no interest shall be calculated below Yuan level, and the number of people below Yuan level shall be four or five. Interest rate refers to the ratio of the interest of a deposit to the principal of the deposit. The interest rate is formulated and published by the People's Bank of China authorized by the State Council, and implemented by all financial institutions.
Interest rate refers to: annual interest rate%, monthly interest rate% and daily interest rate%%. Pay attention to the relationship when using interest rate:
Annual interest rate12 = monthly interest rate, and monthly interest rate/30 = daily interest rate.
The deposit period is the time of deposit. Generally speaking, the deposit period is "the beginning is not the end", that is, the interest is calculated by depositing in El, and the interest is not calculated on the withdrawal date. The calculation method is to withdraw from the depositor's date to the 1 day.
Extended data:
Deposit type:
Deposits can be classified in many ways. For example, according to the mode of production, it can be divided into original deposits and derivative deposits, according to the term, it can be divided into demand deposits and fixed deposits, and according to different depositors, it can be divided into unit deposits and personal deposits (taking China as an example). Personal deposits, that is, residents' savings deposits, are money and unit deposits deposited by individual residents in banks.
(1) company deposits. This is a temporary idle monetary fund generated by state-owned enterprises, supply and marketing cooperatives and collective industrial enterprises due to the inconsistency between sales revenue and various expenditures. It also includes all kinds of special funds extracted but not used by enterprises, the most important of which is the depreciation fund of fixed assets, including profit retention.
The change of enterprise deposits depends on the scale of purchase and sale of goods produced by enterprises and their operating conditions. With the expansion of production or commodity circulation, corporate deposits will increase and vice versa. With the improvement of management and the acceleration of capital turnover, corporate deposits will decrease, and vice versa. The vast majority of corporate deposits are demand deposits, and only a few are time deposits.
(2) fiscal deposits. As the national treasury, all financial revenues and expenditures must be handled through the bank (see the national treasury). Fiscal revenue and expenditure are often inconsistent in time. In the case of first receiving and then paying, temporarily unused funds form financial deposits.
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