The highest interest rate on time deposits is the Postal Savings Bank. According to the RMB deposit interest rate announced by China Postal Savings on October 20th, 2020, the one-year time deposit interest rate of this bank is 1.78%, and that of Agricultural Bank and Industrial and Commercial Bank of China is 1.75%.

Interest is the use fee of money in a certain period of time, which refers to the reward that the holder of money gets from the borrower for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds.