How to calculate demand interest How to calculate demand interest, the formula for calculating deman

The current interest rate of the bank is calculated on an annual basis, and the current interest rate is generally in the same room. For example, save 10,000 yuan for 1 year, with an annual interest rate.

The interest rate is 30 yuan a year. The calculation formula is as follows;

Demand principal x annual interest rate = current interest.

Attached to the current deposit interest rates of major banks.

Demand deposit rates of major banks in 2020.

The current interest on bank deposits is calculated on a daily basis and the formula is total interest = deposit balance x (current interest rate 360) x number of deposit days.

If he deposits 10,000 yuan in the bank and withdraws 6,000 yuan after 8 days, then the interest he gets after 5 days is calculated in stages, the interest of 10,000 deposits for 8 days in the first stage, 1,000 times 8 times and then multiplied by the interest rate (divided by 360) total yuan, and the remaining 4,000 yuan in the second stage is deposited for 5 days, and the interest is 4,000 times 5 times the interest rate (divided by 360) total yuan, and the total interest is yuan.

Demand deposit is a way of saving money that has no fixed term and can be withdrawn at any time, so the interest rate of demand deposit will not change with the adjustment of the interest rate of time deposit, and its interest rate is generally lower than the interest rate of time deposit in the same period.

How to calculate the interest of the deceased wife? The current interest seems to be 100 million, or 2%, at most, just look forward to it, thank you.

First of all, you need to know what kind of bank and what wealth management products. This will determine what the interest rate is, and the interest is the principal * interest rate * time.

Current interest is calculated based on the amount of your deposit, the number of days you have deposited, and the daily interest rate of your deposit. However, the annual interest rate given by the bank is generally the deposit rate, which needs to be converted to the daily interest rate and then calculated. When converting, it should be noted that the bank stipulates that the daily interest rate is converted by dividing the annual interest rate by 360 days, not 365 days.

Therefore, the formula for calculating the current interest is: current interest = deposit amount (current interest rate 360) number of deposit days. For example, if you deposit 20,000 yuan, and the annual interest rate of the current account is, then you deposit 1 day of current interest = 20,000 (yuan.

where (current rate 360) is the daily interest rate. Because the interest rate given by the bank is an annual interest rate.

To convert it to the daily interest rate, it must also be divided by 360 (divide by 360, not by 365, which is the bank's rule).

For example, when the current interest rate is, the daily interest rate is. That is to say, if you save 10,000 yuan, the daily interest you get is y=10,000 yuan.

In other words, when you deposit a current account of 10,000 yuan, the daily interest is less than a dime and a quarter cents. If you save for one year, you will get $50 in interest.

When depositors make withdrawals, interest will be calculated according to the current interest rate announced on the date of withdrawal. Instead of accruing interest at the interest rate at the time of deposit.

Extended Information] When calculating the deposit period, the method of counting the head but not the tail is adopted. That is, after a deposit is deposited in the bank, the interest should be accrued from the date of deposit to the day before the withdrawal date. No interest will be accrued on the day of withdrawal.

Because the current interest rate is calculated according to the number of days, the interest rate also needs to be converted, for example, the interest rate given by the bank is, then the daily interest rate is, don't ask me why it's not 365 days, the bank stipulates, that is to say, if you deposit 100,000 yuan, the interest you get every day is yu = 100,000 yuan.

It stands to reason that the deposit will change, so you should calculate the daily interest, and then add it up to complete your total interest calculation, but in fact, the formula of interest is calculated in sections and then accumulated, and the current interest = the sum of the daily interest rate of each section.

Demand deposits are settled on a quarterly basis, with the 20th day at the end of each quarter as the interest settlement date. The interest is transferred to the account on the next day, that is, on the 21st at the end of each quarter. Formula:

Interest = Cumulative Accrual Accumulation of Interest-bearing Days * Daily Interest Rate, Daily Interest Rate = Annual Interest Rate divided by 360, Cumulative Accumulation of Interest-Bearing Days = Number of Days of Account Balance.

Demand deposit and fixed deposit are relative, demand deposit is not fixed, you can withdraw money at any time, you can also deposit money at any time, we can decide the bank savings method of withdrawal time independently, generally speaking, the interest rate of demand deposit is lower than the interest rate of time deposit in the same period.

At present, the interest rate on bank demand deposits is calculated according to the current interest rate given by the central bank, and the current current demand deposit interest rate given by the central bank is.

If the deposit amount is too low, the interest amount is RMB, then there is no interest.

That is to say, if we want to have interest coming in every day, we must have at least yuan in our account.

Unlike other deposits, interest on demand deposits is calculated on the basis of the corresponding month of the deposit date, where interest is calculated on the 30th of each month and 360 days of each year. For example:

Deposited on January 1, the number of days for calculating interest on February 1 is 31 days, interest = demand deposit * interest rate 30 360

Deposited on January 15, the number of days for calculating interest on February 18 is 34 days, interest = demand deposit * interest rate 33 360

Deposited on January 15, the number of days for calculating interest on February 10 is 26 days, interest = demand deposit * interest rate 25 360

At the same time, unlike other deposits, the interest is calculated according to the interest rate level on the date of withdrawal, and the interest on demand deposits is adjusted in a timely manner with the adjustment of the central bank's interest rate.

The interest on the bank's demand deposit is calculated according to the number of days of the deposit, and the current bank demand is settled on a quarterly basis, and the 20th of the last month of each quarter is the interest settlement date, and the 21st is the actual interest payment date, that is to say, the actual interest payment date of most banks is March 21, June 21, September 21, and December 21.

The bank stipulates that the number of days of current deposit is "counted as the beginning and not as the end, and the end as the end is not counted", if it is deposited on the same day, the deposit period is one day if it is withdrawn on the next day; Deposit on the same day, withdraw on the same day without interest; The number of deposit days per month is calculated according to the actual number of days, if it is deposited on March 30 and withdrawn on March 31, it is calculated as a 1-day deposit period; If the deposit is made at the end of the month on February 28 and withdrawn on March 1, the deposit period will still be 1 day.

Hello, you can inquire about the RMB deposit interest rate of ABC through the following channels and calculate:

Calculation of interest on demand deposits:

Interest = Principal * Interest Rate * Tenor.

Annual interest rate Monthly interest rate 12-day interest rate 360

Daily interest rate Monthly interest rate 30 annual interest rate 360

Principal refers to the balance of the deposit account.

The interest rate refers to the interest rate on savings deposits actually implemented by the business establishment.

Deposit period refers to the amount of time a deposit is stored. Interest is calculated from the deposit date to the day before the withdrawal date, that is, the deposit date, and no interest is calculated on the withdrawal date.

You can also use the current savings calculator provided by ABC to conduct interest trial current savings calculator.

The current deposit has interest, and the interest is settled quarterly, and the 20th at the end of each quarter is the interest settlement date, and the current interest can be displayed on the 21st.

Calculation formula: interest = cumulative daily accumulation * daily interest rate, where the cumulative daily accumulation is the total daily balance of the account, and the daily interest rate is the listed annual interest rate of 360.

If you want to know the deposit interest rate of China Merchants Bank, you can go to the homepage of China Merchants Bank and select "Deposit Interest Rate" under "Real-time Financial Information" on the lower right side of the page.

Listing interest rate 30 x principal x number of deposit days = interest due.

The basic formula for calculating the interest on a savings deposit is: interest, principal, tenor, and interest rate.

1. Demand deposits have no fixed term, can be withdrawn at any time, and can be withdrawn by the depositor at his own discretion The bank savings method of withdrawing the time is generally lower than that of the time deposit in the same period.

1. The interest rate of demand deposit will not be adjusted with the adjustment of the fixed term.

On July 6, the interest rate on demand deposits was lowered to .

3. Demand deposit is a service that has no limit on the deposit period, and can deposit and withdraw cash at any time through the counter or through the bank's self-service equipment during the bank's business hours with the bank card or passbook and reserved password.

4. The minimum deposit of RMB demand deposit is 1 yuan, and the minimum deposit amount of foreign currency demand deposit is not less than RMB 20 equivalent foreign exchange.

Note: Different bank interest rates are also different.

Interest on demand deposits is now generally settled quarterly. That is, according to the current interest rate, on the 21st day of the last month of each quarter, the bank will calculate the interest due on the current quarter's demand deposit according to the deposit "yuan-day" and roll it into the principal. For example:

In this account, 100 yuan has been deposited for 40 days, and 200 yuan has been deposited for 20 days and withdrawn, so this quarter has been saved:

Based on the current current current interest rate, the interest is:

8000 yuan).

So on the 21st of the last month of this quarter, add this interest: yuan to your principal.

Interest Calculation Formula:

Interest = Principal Interest Rate Time of Deposit.

The principal value is interested. No interest is accrued below the yuan. The calculated interest is kept to the quantile.

Rounded up below the quantile. The interest rate is the ratio of the interest on a certain deposit to the principal amount of the deposit. Interest rates are set and announced by the People's Bank of China and implemented by financial institutions.

Interest rate expression: annual interest rate, monthly interest rate, daily interest rate. Attention should be paid to the correlation when applying interest rates:

Annual interest rate 12 = monthly interest rate, monthly interest rate 30 = daily interest rate.

Data Extensions. General provisions for the calculation of interest.

1. Interest-bearing range.

Commercial banks absorb depositors' funds. Except for budgetary deposits and special provisions, interest is not charged. Interest shall be paid as prescribed.

The accounting department should be based on the interest period and calculation method. Calculate interest accurately. Interest on deposits payable and unpaid is accounted for on the accrual basis.

2. Interest calculation time.

The deposit period is the time of deposit. It is generally said that the deposit period is "the beginning and not the end". That is, deposit EL to calculate interest. No interest will be calculated on the date of withdrawal. It is calculated from the date of deposit to the day before withdrawal.

The interest on demand deposits is settled annually and is calculated based on the annualized rate of return of the principal 365 deposit days.

The current interest rate of demand deposits is calculated by the bank based on the annual interest rate and deposit time for one month, and then the interest is deposited into the principal on the 21st of each quarter.

The interest rate of demand is, and the interest rate of general demand deposit is. 10,000 yuan a year is only 35 yuan.

The calculation of interest on bank demand deposits is different from other deposits, and the interest on demand deposits is calculated on the corresponding day of the month corresponding to the date of deposit, where the interest is calculated on the 30th of each month and 360 days of each year.

1. Interest is the fee for the use of money for a certain period of time, and refers to the remuneration received by the holder of the currency (creditor) from the borrower (debtor) for lending money or monetary capital.

This includes interest on deposits, loans, and interest on various bonds.

Under capitalism, the source of interest is the surplus value created by wage workers.

The essence of interest is a special form of transformation of surplus value, which is part of the profit.

2. When the loan is obtained, it can be included in the debit side of the bank deposit account, and the amount is 1 million, and at the same time, the amount can be included in the credit of the short-term loan account, and the amount is 1 million.

Extended information: Interest is the fee for the use of money over a certain period of time, and refers to the remuneration received by the holder of the currency (creditor) from the borrower (debtor) for lending money or money capital.

This includes interest on deposits, loans, and interest on various bonds.

Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special form of transformation of surplus value, which is part of the profit.

Interest on borrowings. Every enterprise has to borrow money from the bank in the process of production and operation, and how to record the interest on the loan.

Under the requirements of the new accounting standards, short-term borrowings are used as an example to record the interest on loans.

For example, if an enterprise borrows from ICBC, the amount is 1 million, the time is three months, and the interest rate is 9%, how to deal with it.

There are several aspects to the specific steps:

When a loan is obtained, it can be credited to the bank deposit account for the amount of 1 million, and at the same time, the credit to the short-term loan account is 1 million.

When interest is accrued, interest can be accrued or not, and there are two aspects to the direct payment when due. First, if the interest is not accrued, it can be included in the debit of the short-term loan when it is paid directly after maturity, with an amount of 1 million, and the debit of the financial expense account with the amount of 10,000, and the credit of the bank deposit account with the amount of 10,000.

Second, if you want to accrue interest on a monthly basis, you can include the debit side of the financial expense account when the interest is withheld in the first month, the amount is 10,000, and the amount is 10,000, and the amount is 10,000 yuan, and the amount is 10,000 when the interest payable or the withholding expense account is debited, taking the first month as an example, several consecutive accounting entries are the same, when the loan interest is to be repaid at maturity, it can be included in the debit of the short-term loan account, the amount is 1 million, and the amount is 10,000, and the amount is 10,000. At the same time, the credit is credited to the bank deposit account, and the amount is 10,000.

Calculate the interest on current savings: the interest is settled once a year, and the interest on July 1 is merged into the principal interest. If the account is not cleared before the interest settlement date, the rebate interest will be calculated according to the current savings deposit interest rate announced on the withdrawal date, and the interest will be calculated until the day before the settlement.

On the premise that the principal and interest rate are determined, it is necessary to know the exact deposit period to calculate the interest. In real life, many of the depositors' real Zheng Ji deposit period is not the whole year and the whole month, generally with a fraction of the number of days, here is a simple and easy method, which can quickly and accurately calculate the deposit period, that is, the year, month and day of the withdrawal date are used to subtract the year, month and day of the deposit date respectively, and the difference is the actual number of days.