But the level of interest depends not only on the amount, but also on the annual interest, monthly interest and daily interest. The monthly interest of 7% is equivalent to the annual interest 12*0.7%=8.4%, and the daily interest will be higher.
Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. 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.
Interest stock market
1. Cancel or reduce interest tax:
At present, the real interest rate of savings is negative. In order to reduce the diversion of residents' savings to the stock market, although the adjustment of interest tax is bad news for the stock market in theory, it is not entirely the case.
First of all, even if the interest tax is completely abolished, it will only be equivalent to an increase of 0.6 percentage points in bank interest, and the annual interest income from deposits of 6,543,800 yuan will increase by 665.438+02 yuan, which is almost "insignificant" compared with the return on investment in the stock market.
The adjustment of interest tax does not increase the loan cost of enterprises and has no negative impact on the operation of listed companies. However, it has a positive impact on listed companies in banks.
2. Increase the interest on bank deposits:
There is an obvious "leverage effect" between interest rates and the stock market, which will affect the increase or decrease of the stock market and bank funds. However, the rise of interest rate will increase the production cost of enterprises, restrain the consumption demand of enterprises and individuals, and ultimately affect the performance level of listed companies.
Raising the stock market interest rate is to increase the capital cost of investing in the stock market. Raising interest rates by banks and raising interest rates on government bonds usually complement each other. If the risk-free rate of return in the market increases, it will also affect the risk-free rate of return in the stock market.
However, judging from the scope and space of interest rate increase in China and the development status of China stock market, the core question of whether residents' savings can be attracted to the stock market is: What are the profit-making benefits and security benefits of the stock market? In other words, if the investment benefit of the stock market is higher than that of bank deposits compared with its security benefit, then choosing the stock market will be the main reason for the diversion of savings.
Formula interest
Interest (year) = principal × annual interest rate (percentage) × deposit period
Or interest = principal × interest rate× time
Deposit interest = principal x days x listing interest (daily interest rate) = interest-bearing days x daily interest rate
Interest tax = deposit interest (income tax payable) × applicable tax rate