Different from other deposits, the interest of demand deposits is calculated according to the date corresponding to the deposit month, in which the interest is calculated on the 30th of each month and 30th of each year. For example:

65438+ 10/month 1 deposit, February 1 the number of days for calculating interest is 30, and interest = principal * deposit interest rate × 30/360.

65438+1October 15 is deposited, and the number of days for calculating interest in February 18 is 33 days, and interest = principal * deposit interest rate × 33/360.

65438+1October 15 is deposited, and the number of days for calculating interest in February 10 is 25, and interest = principal * deposit interest rate × 25/360.

At the same time, unlike other deposits, the interest is calculated according to the interest rate level on the withdrawal date, and the interest of demand deposits is adjusted in time with the adjustment of the central bank's interest rate.

Extended data:

Deposit interest rate rises:

1. According to the report of Phoenix. Com and Zhongsou Search Yue, after the central bank implemented the new regulation that the interest rate of RMB deposits rose to 10%, last year, the city commercial banks represented by Bank of Ningbo [0.79% Capital Research Report] all raised the interest rate of medium and long-term time deposits to the top.

2. At present, commercial banks in Beijing, such as Nanjing Bank [1. 15% capital research report], Bohai Bank, bank of tianjin, Baoshang Bank, Shengjing Bank, Hangzhou Bank, Bank of Ningbo, bank of dalian, Eternal Bank, etc., all raise the time deposit interest rate by 10%, and there is no threshold limit.

3. The camp of floating medium and long-term deposit interest rate of joint-stock banks has been expanding since last year. According to statistics, Minsheng Bank [2.06% capital research report], China CITIC Bank [1.3 1% capital research report], Industrial Bank [3.76% capital research report], Ping An Bank [2.22% capital research report], Bohai Bank and hengfeng bank all partially or completely "floated to the top".

4. China Everbright Bank [0.80% capital research report], Bank of Communications [0.80% capital research report] and Guangfa Bank have also launched floating activities of medium and long-term time deposit interest rates. So far, 9 of 12 joint-stock commercial banks have made long-term adjustments or launched corresponding activities, and "interest rate floating" will soon cover joint-stock commercial banks.

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