Bank deposits have different interest rates, such as current, semi-annual, one-year, two-year, three-year and five-year interest rates. The execution interest should be calculated according to the nearest time deposit grade, and the part with insufficient grade can be calculated according to the interest of current deposit.
Legal basis: People's Republic of China (PRC) Commercial Bank Law.
Article 6 Commercial banks should protect the legitimate rights and interests of depositors, and no unit or individual may infringe upon them.
Article 7 Commercial banks should strictly examine the credit standing of borrowers when conducting credit business, so as to ensure the timely recovery of loans.
Commercial banks recover the due principal and interest of loans from borrowers according to law, which is protected by law.
Article 8 Commercial banks shall abide by the relevant provisions of laws and administrative regulations when conducting business, and shall not harm the interests of the state and society.
Article 9 Commercial banks shall follow the principle of fair competition in their business and shall not engage in unfair competition.
Article 10 A commercial bank shall be subject to the supervision and management of the banking supervision institution of the State Council according to law, but if the law stipulates that its related business shall be supervised and managed by other supervision and management departments or institutions, such provisions shall prevail.