The annual interest rate of each bank is different, as far as the four major state-owned banks are concerned:

1. Agricultural Bank of China. Current interest rate: 0.3. Fixed term (one deposit and withdrawal): three months 1.35, six months 1.55, one year 1.75, two years 2.25, three years 2.75, five years 2.75. The three-year interest rate is 1.55, the five-year interest rate is 1.55, and the current Agricultural Bank of China deposit interest rate is only 0.3. If the demand deposit of Agricultural Bank of China is 10,000 yuan, the interest income after one year will be: interest = principal * interest rate * deposit period = 10,000 * 0.3 = 30 yuan.

2. Bank of China. The unified interest rate for deposits and withdrawals of Bank of China is 50 yuan. The three-year period is 2.75, the two-year period is 2.25, the one-year period is 1.75, the six-month period is 1.55, and the three-month period is 1.35. Except for the three-year interest rate, which is lower than 0.5, other forward rates are consistent with ABC.

3. China Construction Bank. The highest annual interest rate for one-time deposits and withdrawals is 2.75, the same as Bank of China.

4. Industrial and Commercial Bank of China. One-time deposits and time deposits: 10,000 yuan first deposit: 3 months, annual interest rate 1.60; 6-month term, annual interest rate 1.80; 1-year term, annual interest rate 2.0; 2-year term, annual interest rate 2.60; 50,000 yuan Fixed deposit: 3-year term, annual interest rate 3.25. Depositary receipts: 200,000 subscriptions: one month, annual interest rate 1.70; three-month term, annual interest rate 1.70; 6-month term, annual interest rate 1.90; 1-year term, annual interest rate 2.10; 250,000 subscriptions: within 2 years The interest rate is 2.70; 300,000 subscription: 3-year annual interest rate is 3.35.

What is the annual interest rate?

The annual interest rate refers to the interest rate on a one-year deposit. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of the amount of interest to the principal of the deposit or loan within a certain period of time. Generally divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed in percent of the principal, the monthly interest rate is expressed in thousandths, and the daily interest rate is expressed in thousandths.

What are the factors that affect the annual interest rate?

Generally speaking, when the central bank increases the money supply, the total supply of loanable funds increases, the supply exceeds the demand, and the natural interest rate decreases accordingly; on the contrary, the central bank implements restrictive monetary policies to reduce the money supply quantity. The supply of loanable funds is insufficient and interest rates rise accordingly. price level. The market interest rate is the sum of the real interest rate and the inflation rate. When the price level rises, market interest rates rise accordingly, otherwise real interest rates may be negative. At the same time, due to rising prices, the public's willingness to deposit has declined, and the demand for loans from industrial and commercial enterprises has increased.

The bank's time deposit interest rate depends on the deposit period, and the interest rates are different for different deposit periods. The bank's annual interest rate is about 20-50% higher than the central bank's deposit benchmark interest rate, and generally does not exceed 50%.

Factors affecting interest rates

1. Profit rate level

In the socialist market economy, interest is still a part of the average profit, so the interest rate is also determined by the average It is determined by the profit rate, that is, the level of the interest rate first depends on the level of the average social profit rate. According to China's economic development status and reform practice, this restrictive effect can be summarized as follows: the overall level of interest rates must adapt to the affordability of most enterprises.

2. Capital supply and demand situation

When the average profit rate is given, the change in the interest rate depends on the ratio of the average profit divided into interest and corporate profits. This ratio is determined through competition between the supply and demand for loan capital.

3. Price changes

Because prices are rigid, the trend of change is generally upward. Therefore, how to prevent the currency you hold from depreciating, or how to obtain compensation after suffering depreciation? It is a common concern among people.

This concern requires banks engaged in the operation of monetary funds to adjust the nominal interest rate for deposits to the extent of price increases, otherwise it will be difficult to absorb deposits; at the same time, they must also adjust the nominal interest rates for loans to the extent of price increases, otherwise It is difficult to obtain investment income.