An annualized rate of 4% usually means an annual interest rate of 4.00%, that is to say, the annual interest of 1 10,000 yuan is 400 yuan, and there are 40,000 yuan in a year 1 10,000 yuan, and 40,000 yuan is allocated to 65,438+mid-February, with an average monthly interest of 3,333.33 yuan.

Interest calculation formula:

1. The interest rate of savings deposits shall be uniformly stipulated by the state and promulgated by the People's Bank of China. Interest rate, also known as interest rate, is the ratio of interest to principal on a certain date, which is generally divided into annual interest rate, monthly interest rate and daily interest rate.

2. The monthly interest rate of 6% is written as 6‰, that is, every thousand yuan of deposits, and the monthly interest is written as 1.5‰ in 6 yuan.

3. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans and discounts.

According to the different nature of banking business, it can be divided into:

1. Interest receivable refers to the remuneration that the bank obtains from the borrower through borrowing funds; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits.

2. Interest payable refers to the remuneration paid by the bank to depositors for absorbing their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.