Demand deposits account for the largest part of a country's money supply and are also an important source of funds for commercial banks. Demand deposit not only has the functions of monetary payment means and circulation means.
At the same time, it also has strong derivative ability, which is the focus of commercial banks' operation. The deposit interest rate is generally low; Commercial banks in western countries generally do not pay interest, and some even charge a certain fee.
Extended data:
Demand deposits have no fixed term and can be withdrawn at any time, and depositors can decide the withdrawal time independently. Generally speaking, its interest rate is lower than that of time deposits in the same period.
First, the deposit interest rate is generally not adjusted with regular adjustment.
2. On July 6, 2002, the deposit interest rate was lowered to 0.35%.
3. Demand deposit is a kind of demand deposit with unlimited deposit period, which can be used with bank card or passbook and reserved password during banking hours.
Access to cash services at any time through the counter or through bank self-service equipment.
4. RMB demand deposit 1 yuan deposit, and foreign currency demand deposit with a deposit amount of not less than 20 yuan equivalent to foreign exchange.
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 monthly deposit 1, February 1 The number of days to calculate interest is 3 1, and interest = demand deposit * interest rate ×30/360.
65438+1October 15 deposit, and the number of days for calculating interest in February 18 is 34 days. Interest = demand deposit * interest rate ×33/360.
65438+ 10 15 deposit, February 10 interest calculation days are 26 days, interest = demand 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.
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