Current location - Loan Platform Complete Network - Bank loan - If 2 million is deposited in the bank, what is the maximum interest rate in one year?
If 2 million is deposited in the bank, what is the maximum interest rate in one year?

1. The current annual interest rate for one-year bank deposits is 2.25

One-year deposit interest = principal × interest rate × term

Interest = 2000000 × 2.25= 45,000 yuan

2. Annual loan interest rate: six months to one year (inclusive) 5.31

One-year loan interest = 2,000,000 × 5.31 = 106,200 yuan

Note: Loan interest for normal repayments is calculated based on the simple interest method, and interest for overdue repayments is calculated based on compound interest.