Deposit interest rate is the standard for calculating deposit interest. Refers to the ratio of interest amount to deposit amount in a certain period, also known as deposit interest rate.
The deposit interest rate is an economic lever for banks to absorb deposits, and it is also an important factor affecting the cost of banks. China's deposit interest rate is determined by the state according to objective economic conditions, currency circulation, supply and demand of market materials, and taking into account the interests of all parties.
2065438+2005,65438+2005123 October, the People's Bank of China announced interest rate cuts and RRR cuts, and at the same time, it was clear that the deposit interest rate ceiling would no longer be set for commercial banks and rural cooperative financial institutions. At this point, the interest rate control has been basically abolished, and the interest rate marketization reform has entered a new stage.
The units of deposit interest rate are annual interest rate, monthly interest rate and daily interest rate (also called annual interest rate, monthly interest rate and daily interest rate). The annual interest rate is expressed as a percentage of the principal, and the monthly interest rate is expressed as a percentage of the principal; The daily interest rate is expressed as a few ten thousandths of the principal. China used to call the interest rate a few cents.
List of changes in bank interest tax
The interest tax began at 1950, and the Interest Income Tax Ordinance promulgated in that year stipulated that the deposit interest income tax was 10% (later reduced to 5%), and the interest tax stopped at 1959 and1.65438.
Interest income generated by savings deposits before1October 1999 1 1 is not subject to personal income tax;
Personal income tax shall be levied at a reduced rate of 20% on the interest income generated from savings deposits from June 5438+0999 1 1 to August 14, 2007;
Personal income tax shall be levied at the reduced rate of 5% on the interest income generated from savings deposits from August 5, 2007 to October 8, 2008/kloc-0.
Personal income tax will be suspended for interest income generated from savings deposits after June 9, 2008 (inclusive).
Personal demand deposits shall be settled once on the 20th of the last month of each quarter. Interest income generated before June 9, 2008 shall be subject to personal income tax at a reduced rate of 5%.
Bank fixed interest rate
computing formula
Repayment per installment = principal per installment+interest per installment.
Principal of each installment = total loan amount/specified period.
Interest per installment = (total repayment of loans in the previous year) * annual interest rate
Monthly repayment amount = total loan amount/specified period+(total loan amount-paid in the previous year) * monthly interest rate.