How to calculate bank interest for five years

The interest on a five-year deposit can be calculated using the interest formula: principal annual interest rate Deposit term (5 years) = interest.

Among them, the deposit method is different, and the bank interest rate is different, and the fixed interest rate is higher than the current interest rate, so the bank deposit recommends you to make a fixed deposit. In addition, different bank interest rates will also be adjusted according to the benchmark interest rate issued by the central bank.

For example, the central bank's benchmark current interest rate is, but the current interest rate of the four major banks is; The central bank's 5-year lump sum deposit and withdrawal interest rate is, while the interest rate of Guangfa Bank is equal. Therefore, the user calculates the interest at the specific bank interest rate. 1. Interest on Time DepositA fixed deposit is a deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit, and withdraw the principal and interest after maturity.

It has the characteristics of a minimum deposit period of 3 months and a maximum of 5 years, a large margin of choice and a relatively stable interest income. How to calculate the interest on a 5-year fixed deposit, the interest rate is divided into simple interest and compound interest rate interest i=p*i*n, where i represents interest, i represents interest rate, and n represents the number of years of deposit. Because China uses a simple interest calculation method, only this algorithm is discussed.

Simple Interest: Interest = Principal Interest Rate Calculation method of interest on a 5-year fixed deposit with a term of 5 years: Total Interest Income = Principal Interest Rate Term Generally speaking, other commercial banks will raise the benchmark interest rate in order to attract savings users.

According to the above interest formula and interest, we can assume that if a customer deposits 10,000 yuan and the term is 5 years, and the annual interest rate of five years is, then what about the total income after the expiration of the 5-year period? The total interest earned = 10,000 * yuan, so if you deposit a 5-year fixed deposit of 10,000 yuan with an annual income, the total interest income is 1,375 yuan, and after 5 years, it will be 11,375 yuan from the bank with interest.

2. Interest on demand depositsCurrent deposits are a way to save money without a fixed term and can be withdrawn at any time, so the interest rate of demand deposits will not change with the adjustment of time deposit interest rates, and its interest rate is generally lower than the interest rate of time deposits in the same period. 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 Date Accumulation * Daily Interest Rate Daily Interest Rate = Annual Interest Rate divided by 360 Cumulative Accrual Date Accumulation = Number of Days the Account Balance is Deposited.

Hello, current fixed deposits.

The term is only three months, six months, one year, two years, three years, and five years, with an annual interest rate.

respectively6%。If you deposit 200,000 yuan in a 5-year time deposit, the interest calculation method is 200,000 yuan*, that is, you will get 36,000 yuan of interest after 5 years, and there is no four-year deposit, I hope it can help you!

If your funds will not be urgently withdrawn in advance, you can also choose treasury bonds, the interest rate is higher than the fixed term, you can consult a nearby bank for details!

Interest rates are. The principal amount of the deposit is 1 million, and the deposit term is five years, the difference is the interest rate, and the five-year fixed interest rate is;

And the annual fixed deposit interest rate is.

Each bank has different rules on the amount and interest of deposits, which deposit interest will be higher in five years, as follows:

1.Five-year fixed deposit.

If 1 million chooses to deposit a five-year fixed deposit, what is the deposit interest rate, and how much will the interest be after five years? Interest = Principal * Interest Rate * Time = 1 Million * Year = 260,000 1 million Choose a five-year fixed deposit, and the total interest income after five years is 260,000 yuan.

2.Annual fixed deposits.

If 1 million chooses to make a fixed deposit every year, the deposit interest rate is, and see how much interest income there is in total after five years?

Year 1: Interest = Principal * Interest Rate * Time = 1 Million * Year = 10,000 Yuan.

Year 2: (1 million + 10,000) * year = 10,000 yuan.

Year 3: (1 million + 10,000 + 10,000) * year = 10,000 yuan.

Year 4: (1 million + 10,000 + 10,000 + year = 10,000 yuan.)

Year 5: (1 million + 10,000 + 10,000 + 10,000 + 10,000) * year = 10,000 yuan.

The total interest income for five years is: 10,000 + 10,000 + 10,000 + 10,000 + 10,000 = 10,000

Through calculation, it is known that the same 1 million yuan, if the total interest income of the five-year fixed deposit is 260,000 yuan, and if the total interest income is 10,000 yuan after five years of annual fixed deposit, it is obvious that the annual fixed deposit interest is 7,200 yuan higher, and the annual time deposit will be more cost-effective.

Knowledge expansion: From the inquiry of major banks: the deposit interest rate of major banks (has been implemented since October 24, 2015) Bank benchmark interest rate current (annual interest rate%)

Name of each bank 3 months, half a year, 1 year, 2 years, 3 years, 5 years.

People's Bank -

Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, China Merchants Bank.

Shanghai Pudong Development Bank. Industrial Bank.

China CITIC Bank. Ping An Bank.

Hua Xia Bank. China Guangfa Bank.

The interest rates of the major banks are the highest in Guangfa Bank, Industrial Bank and Huaxia Bank, and the interest rate of 5-year time deposits is the same as the rising percentage. The 5-year fixed deposit rates of China Merchants Bank, China CITIC Bank and the Big Five banks are the benchmark rates.

In 2022, the five-year interest rate of the central bank's fixed deposits is that the fixed deposit interest rate of each bank fluctuates from the central bank's standard interest rate.

The 5-year fixed deposit is one of the time deposits, and the 5-year fixed deposit rate of the bank is relatively higher than that of other bank deposits.

The interest rate for a 5-year deposit is fixed if it is fixed. It's pretty good to be around 5%. Because it is a large deposit, and it is five years. So its interest rate is still relatively high.

It's a dream!! The annualized return of wealth management products is not so high, and the five-year period is the most.

It is understood that most of the current bank fixed deposits.

The interest rate on three-year deposits is, and the five-year deposit is basically the same as the three-year interest rate, so it is also. If the user deposits 10,000 yuan in the bank for a fixed period of 5 years, the interest obtained after maturity is 10,000*.

In addition, most of the banks have demand deposits.

Interest rate, if the money is deposited in a demand deposit for five years, then the interest after maturity is 10,000*. Judging from the data, the interest rate of demand deposits is much lower than that of time deposits, so how should depositors choose wealth management products.

It depends on the actual situation of the individual.

Further information: Deposit refers to the temporary transfer or storage of funds or currency in a bank or other financial institution by the depositor under the condition of retention of ownership, or the temporary transfer of the right to use the funds or currency to a bank or other financial institution, which is the most basic and important financial behavior or activity, and is also the most important credit fund of the bank**.

Type of deposit. Deposits can be classified in a variety of ways, such as original deposits and derivative deposits according to the mode of generation, and can be divided into current deposits and fixed deposits, fixed deposits and fixed deposits according to the maturity, and can be divided into unit deposits and individual deposits according to the different depositors (taking China as an example). Personal deposits, i.e., resident savings deposits, are the currencies deposited by individual residents in banks.

Time deposit. It refers to a type of deposit in which the depositor can withdraw the money only on a specified date after the deposit or must notify the bank several days before the withdrawal is ready to be made, and the term can range from 3 months to 5 years and more than 10 years. In general, the longer the deposit term, the higher the interest rate.

A fixed deposit is a deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit, and withdraw the principal and interest after maturity. Fixed deposits are used to settle or withdraw cash from a fixed deposit account. If the customer needs funds temporarily, he or she can withdraw in advance or partially withdraw in advance.

Demand deposit. Refers to a type of bank deposit that can be accessed and transferred at any time by the depositor without any prior notice.

It comes in the form of a checking deposit account, a certified check, and a cashier's check.

Traveller's cheques and letters of credit, etc. Demand deposits account for the largest part of a country's currency** and are also an important fund for commercial banks**.

Call Deposits. Call deposit is a kind of deposit that does not have an agreed deposit period, and can only be withdrawn if the bank is notified in advance, and the withdrawal date and amount are agreed upon when withdrawing.

Regardless of the actual deposit period, personal call deposits are divided into one-day call deposits and seven-day call deposits according to the length of the depositor's advance notice period.

Two varieties. For one-day call deposits, one day's notice of the agreed amount of deposit must be given one day's notice, and for seven-day call deposits, seven days' notice of the agreed amount of deposits. The minimum deposit, withdrawal and retention amount of RMB call deposit are all 50,000 yuan, and the minimum deposit amount of foreign currency is 1,000 US dollars equivalent in foreign currency (the minimum deposit amount of each bank can be consulted with local banks).

The formula for calculating the interest on a five-year fixed deposit is: fixed interest principal * annual interest rate (percentage) * deposit term.

At present, the benchmark interest rate for five-year deposits is, but the actual implementation interest rate in various places has generally risen, mostly 5%, and there are three ways to withdraw

1. The full amount shall be withdrawn at maturity, and the principal and interest shall be settled at one time according to the prescribed interest rate;

2. If the full amount is withdrawn in advance, the bank shall calculate and pay interest according to the current deposit interest rate announced on the date of withdrawal;

3. Part of the withdrawal is made in advance, and the withdrawal part is calculated according to the current period, and the rest is still according to the regular period.

Fixed deposits have a fixed maturity period, which refers to deposits that are allowed to be withdrawn only after a fixed maturity period. The interest rate on fixed deposits is higher than that of demand deposits, and the longer the term, the higher the interest rate. Once a user has chosen a fixed deposit, the deposit is made with funds that have not been withdrawn in the near future and are stored as value.

Fixed deposits cannot be withdrawn in advance, and if they are in advance, they will be calculated as current deposits, but some banks allow some deposits to be withdrawn in advance.

To sum up, fixed deposits have the above advantages. In addition, the deposit period of general banks varies from six months, one year, two years, three years and five years, and depositors can choose different terms according to their needs. In addition, people with a very low risk appetite can also choose time deposit products.

The benefits of fixed deposits are as follows:

1. The storage of cash is the way to ensure the safety of the property of ordinary people and obtain profits, and the benefit is nothing more than the transfer of risk responsibility, that is, the transfer of the risk of capital deposit, if you put too much cash around, you will obviously feel unsafe, and of course you will feel at ease by the bank custody, in fact, it can be popularly understood as the national guarantee, because most people still store cash in the four major state-owned banks, and these banks are guaranteed by the national credit;

2. The cash is stored in the bank, and the bank uses a large number of deposits to lend, obtain high profits, and then divide a part of the profits is called interest;

3. Fixed savings can be transferred according to the new interest rate, and the fixed deposit is a deposit in which the bank and the depositor agree on the term and interest rate in advance when depositing, and withdraw the principal and interest after maturity, which has the characteristics of a minimum deposit period of 3 months and a maximum of 5 years, with a large margin of choice and a relatively stable interest income.

In 2016, commercial bank fixed deposits were held for five yearsAnnual interest rateBe; , if you deposit $10,000 and the interest you can get at maturity is; 10000*5*yuan.

Interest rate refers to the ratio of the amount of interest to the amount of borrowed funds (principal) over a certain period of time. Interest rate is the main factor that determines the cost of capital of enterprises, and it is also the decisive factor for enterprise financing and investment. The interest rate is the ratio of the amount of interest due for each period in the amount borrowed, deposited, or borrowed (known as the total principal) to the value of the bill.

The total interest on the amount lent or borrowed depends on the total principal, the interest rate, the rate of compounding, and the length of time the loan, deposit, or borrow. The interest rate is the price that the borrower has to pay for the money borrowed from the borrower, and it is also the return that the lender receives for delaying its consumption and lending it to the borrower. The interest rate is usually calculated as a percentage of the interest to the principal amount for a one-year term.

Generally speaking, interest rates are expressed in annual interest rates and monthly interest rates according to the term standards of measurement.

Daily interest rate. In the modern economy, the interest rate, as the first of funds, is not only constrained by many factors in the economy and society, but also the change of interest rate has a significant impact on the entire economy.

In the study of the determination of interest rates, he paid special attention to the relationship between various variables and the balance of the economy as a whole, and the theory of interest rate determination also experienced classical interest rate theory and Keynes.

Interest rate theory, loanable funds interest rate theory, IS lm interest rate analysis, and the evolution and development process of contemporary dynamic interest rate models.

Summary. Hello dear, happy to answer your <>

Five-year deposit interest, 1. Central Bank: the five-year interest rate of the whole deposit and withdrawal is; 2. Industrial and Commercial Bank of China: The five-year interest rate of the whole deposit and the whole deposit and withdrawal is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the interest of the principal and the principal are; 3. Agricultural Bank of China:

The five-year interest rate of the whole deposit and the lump sum withdrawal is, and the five-year interest rate of the lump sum deposit, the lump sum deposit and the interest on the principal deposit is; 4. China Construction Bank: The five-year interest rate of the whole deposit and the whole sum withdrawal is the five-year interest rate of the whole deposit, the whole deposit and the interest of the principal and the principal of the deposit are the five-year interest rate; 5. Bank of China: The five-year interest rate of the whole deposit and the whole sum withdrawal is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the interest of the principal and the principal are;

How much is the interest on a five-year deposit?

Hello dear, happy to answer your <>

Five-year deposit interest, 1. Central Bank: The interest rate of the five-year empty silver ear for the whole deposit is; 2. Industrial and Commercial Bank of China: The five-year interest rate of the whole deposit and withdrawal of the whole deposit is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the zero withdrawal, and the interest rate of the deposit is destroyed; 3. Agricultural Bank of China:

The five-year interest rate of the whole deposit and the lump sum withdrawal is, and the five-year interest rate of the lump sum deposit, the lump sum deposit and the interest on the principal deposit is; 4. China Construction Bank: The five-year interest rate of the whole deposit and the whole sum withdrawal is the five-year interest rate of the whole deposit, the whole deposit and the interest of the principal and the principal of the deposit are the five-year interest rate; 5. Bank of China: The five-year interest rate of the whole deposit and the whole sum withdrawal is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the interest of the principal and the principal are;

6. Bank of Communications: The five-year interest rate of the whole deposit and the whole sum withdrawal is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the interest rate of the principal and the interest are the five-year interest rate; 7. China Merchants Bank: The five-year interest rate of the old lump sum deposit and lump sum withdrawal of the digging section has been raised, and the five-year interest rate of the lump sum deposit, the lump sum deposit and the interest of the principal deposit is; 8. China CITIC Bank:

The five-year interest rate for lump sum deposit and lump sum withdrawal is 3%, and the five-year interest rate for lump sum deposit, lump sum deposit and zero withdrawal, and principal deposit and interest is three; 9. China Everbright Bank: The five-year interest rate for lump sum deposit and lump sum withdrawal is 3%, and the five-year interest rate for lump sum deposit, lump sum deposit and zero withdrawal, and principal deposit and interest is three; 10. Shanghai Pudong Development Bank: The five-year interest rate of the whole deposit and the whole deposit and withdrawal is, and the five-year interest rate of the whole deposit and withdrawal, the whole deposit and the interest of the principal deposit is;

Interest refers to the remuneration received by the holder of the currency (creditor) from the borrower (debtor) for lending money or giving away capital in the currency. 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.