The full name of Postal Bank is China Postal Savings Bank. Introduction of China Postal Savings Bank China Postal Savings Bank was formally established on March 20th, 2007, which is a commercial bank established on the basis of the reform of postal savings management system. China Postal Savings Bank inherited the postal finance business operated by the former State Post Bureau and China Post Group Corporation and the assets and liabilities arising therefrom, and continued to engage in the business approved by the original business scope and business license documents. The existing business organization, trademark, Internet domain name and consulting service telephone number of China Postal Savings Bank Co., Ltd. remain unchanged, and the joint-stock company continues to use it, and all businesses are carried out as usual. The customer does not need to go through any change procedures.
1. What is the function of a bank?
1. acts as a credit intermediary. This is the most basic and essential function of banks. By absorbing deposits, banks mobilize and concentrate all idle monetary funds in society, and then distribute them to enterprises and individuals in need of funds in the form of loans, thus becoming an intermediary between borrowers and lenders of monetary funds and an intermediary institution to adjust the surplus and deficiency of monetary funds.
2. Act as a payment intermediary. By opening accounts for customers, banks act as
Intermediary between customer's monetary settlement and monetary receipt and payment. Cash payment and transfer settlement through banks can speed up capital turnover and promote the smooth production and circulation of commodities.
3. Convert savings and income into capital. Banks can change the savings and income used for consumption from sporadic to huge, from idle to useful, from short-term to long-term, and then provide the pooled monetary funds to producers and operators through asset business. Converting income into capital is conducive to expanding the total social capital and accelerating the development of social production and circulation.
2. What is the annual interest rate of the bank?
Annual deposit interest rate:
1. Demand deposit with interest rate of 0.35%.
2. Fixed term, lump-sum deposit and withdrawal: deposit for three months, and the interest rate is1.1%; Deposit for six months, with interest rate of1.3%; Deposit for one year at the interest rate of1.5%; Two years, the interest rate is 2.1%; For three years, the interest rate is 2.75%.
3. lump sum deposit and lump sum withdrawal, deposit with interest: deposit for one year, interest rate1.1%; Three years, interest rate 1.3%.
4. Live and work in peace and contentment, and get a 60% discount at the interest rate for the same period within one year.
5. Agreement deposit with interest rate of 1. 15%.
6. Notice deposit: deposit for one day with an interest rate of 0.8%; Seven days, interest rate 1.35%.
Annual loan interest rate: within one year (including one year) of the loan, the interest rate is 4.35%; The loan term is one to five years (including five years) and the interest rate is 4.75%. The loan is over five years, and the interest rate is 4.90%.