What's the monthly interest rate for deposits in 700 yuan? How to calculate?

Saving for one month is current interest. 2011April 6, the current annual interest rate is 0.5%.

Interest = principal × interest rate × term

One-month current interest =700×0.5%÷ 12= 0.292 yuan.

Current interest is settled quarterly. Interest shall be settled once every quarter, in March, September, 65438+February, 2 1. If it is cancelled, you can get interest immediately.

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