Not low, the monthly interest rate 1. 1%, which is what we often say. The annual interest rate is equal to the monthly interest rate multiplied by 12, so the annual interest rate converted from the monthly interest rate 1. 1% is 13.2%. Taking loans as an example, the benchmark interest rate of five-year loans in China is only 4.9% (annual interest rate).

Let's talk about deposits, which are also 1 10,000 yuan, monthly interest 1. 1%, annual interest 1320 yuan, and 1 10,000 yuan is deposited in the bank for one year (benchmark interest rate 1.5%), with interest rate/.