1. What are deposit and loan interest rates?
It is different when it rises and when it falls. The deposit interest rate is paid to savers! The loan interest rate is the extra money the person who borrows money has to pay!
2. What is bank deposit and loan interest rate
The so-called bank deposit and loan interest rate is the collective name of bank deposit interest rate and bank loan interest rate.
The current deposit interest rate in my country is:
Delivery 0.50
3 months 3.10
6 months 3.30
1 year 3.50
2 years 4.40
3 years 5.00
5 years 5.50
The current loan interest rate in my country is:
6 months 6.10
1 year 6.56
One to three years 6.65
Three to five years 6.90
Five years Above 7.05
3. What are the deposit and loan interest rates?
What are the deposit and loan interest rates? First of all, deposit and loan interest rates are two concepts, namely deposit interest rates and loan interest rates. Below I have compiled the definitions and detailed explanations of deposit and loan interest rates.
Deposit and loan interest rates - Deposit interest rates
It refers to the interest rate that the customer deposits into the bank account according to the agreed conditions, and the interest amount within a certain period of time is equal to the loan amount, that is, the principal. There are current interest rates and regular interest rates, as well as annual/monthly/daily interest rates.
Deposit and loan interest rates - loan interest rates
refers to the ratio of the interest amount to the principal amount during the loan period. my country's interest rates are uniformly managed by the People's Bank of China, and the interest rates determined by the People's Bank of China are implemented after approval by the State Council.
The level of loan interest rates directly determines the distribution ratio of profits between borrowing companies and banks, thus affecting the economic interests of both borrowers and lenders. Loan interest rates vary depending on the type and term of the loan, and are also linked to the scarcity of borrowed funds.
Deposit and loan interest rates - loan interest rate policy is an important part of my country's credit policy, and interest rate is an important lever for the country to regulate economic activities.
(1) Statutory loan interest rates
Statutory loan interest rates refer to various loan interest rates approved by the State Council and formulated by the People's Bank of China with the authorization of the State Council. Once the legal loan interest rate is determined, no unit or individual has the right to change it. The People's Bank of China is responsible for the announcement and implementation of statutory loan interest rates.
(2) Floating interest rate
Floating interest rate refers to the loan interest rate determined by financial institutions based on the statutory loan interest rate within the floating range specified by the People's Bank of China. It is higher or lower than the legal loan interest rate. If it is higher than the legal loan interest rate, it is called an interest rate increase, and if it is lower than the legal loan interest rate, it is called an interest rate decrease. The range and scope of interest rate fluctuations are determined by the Head Office of the People's Bank of China.
(3) Preferential interest rate
Preferential interest rate refers to the interest rate charged when issuing a loan that is lower than the general interest rate for similar loans. my country's preferential interest rates are mainly applicable to loan projects that require special support in accordance with national economic policies, as well as low-interest preferential care given to some enterprises with poor objective conditions and urgent need for development and low profits. The preferential loan interest rate is one to two percentage points lower than the ordinary interest rate of the same grade.
(4) Penalty interest policy and its stipulated ratio
The People's Bank of China stipulates that financial institutions impose penalty interest on customers' overdue loans and misappropriated loans, that is, calculated based on the penalty interest rate. To charge interest, the interest calculation range, scope and conditions must be determined by the Head Office of the People's Bank of China.
The bank loan interest rate is based on a comprehensive evaluation of the credit situation of the loan, and the loan interest rate level is determined based on the credit situation, collateral, national policies (whether it is the first home), etc. The People's Bank of China has decided to lower the benchmark interest rates for RMB deposits and loans of financial institutions starting from July 6, 2012. The one-year deposit benchmark interest rate of financial institutions was reduced by 0.25 percentage points, and the one-year loan benchmark interest rate was reduced by 0.31 percentage point; the benchmark interest rates of other deposits and loans and the interest rates of individual housing provident fund deposits and loans were adjusted accordingly.
From the same date, the lower limit of the floating range of loan interest rates of financial institutions will be adjusted to 0.7 times the benchmark interest rate.
The floating range of personal housing loan interest rates will not be adjusted. Financial institutions must continue to strictly implement differentiated housing credit policies and continue to curb speculative investment purchases.