What is a 7 day call deposit? What does a seven day call deposit mean

A seven-day call deposit means that the bank settles interest every seven days from the date the investor deposits the funds. A call deposit is a type of deposit that can only be withdrawn if there is no agreed deposit period, and it is necessary to notify the bank in advance to agree on the withdrawal date and amount.

The bank settles the interest every 7 days. If you do not exit, the principal and interest will automatically enter the next cycle. If you want to withdraw money, you need to notify the bank 7 days in advance.

After agreeing on the withdrawal date and amount, you can go to the bank to withdraw and enjoy the corresponding notice deposit interest. Otherwise, the default withdrawal will be calculated at the current interest rate. The minimum deposit amount for call deposit is 50,000 yuan, and call deposit can be withdrawn once or multiple times.

When withdrawing part of a deposit, the amount of each withdrawal should be greater than the minimum minimum deposit amount for the call deposit. That is to say, if the seven-day call deposit is withdrawn in advance, the remaining amount in the account after withdrawal shall not be less than 50,000 yuan, otherwise it will be transferred to the current deposit account. There are some disadvantages to a seven-day call deposit, but there are also advantages to a short-term deposit.

The transfer is very flexible, supports mobile banking, and funds can be received instantly.

After the appointment period, the withdrawal amount shall be calculated according to the current interest rate on the deposit date, the withdrawal amount without prior notice to the bank shall be calculated according to the current interest rate, and the withdrawal amount shall be calculated according to the deposit interest rate for early withdrawal or overdue withdrawal after the notification procedures. The part of the actual withdrawal amount less than or more than the agreed amount will be calculated according to the deposit interest rate, and the part of the withdrawal amount less than the minimum withdrawal amount will be calculated according to the deposit interest rate. If the notice deposit has been notified and has not been withdrawn, or if no interest is accrued during the notice period when the notice is cancelled, if the withdrawal part of the call deposit and the retained part are higher than the minimum initial deposit amount, and the retained part is lower than the minimum minimum deposit amount from the original account opening date, the interest shall be calculated according to the deposit interest rate listed on the account liquidation date.

Regardless of the actual deposit period, the personal call deposit can be divided into one-day call deposit and seven-day call deposit according to the length of the depositor's advance notice period. One day notice is required for one day advance for withdrawal, and seven days notice is required for seven days notice for withdrawal.

7-day call deposit.

It is a wealth management business tailored for deposit customers by Bank of China Yueqing Branch, and the biggest feature of this wealth management business is the convenience of regular income demand. The minimum deposit amount of a 7-day call deposit is 50,000 yuan, and the deposit period is a multiple of 7 days, and the interest on the 7-day or 7-day multiple deposit is one percentage point higher than the interest on the demand deposit.

The part less than 7 days will be charged interest on demand deposits.

According to the relevant personnel of Bank of China, the 7-day call deposit business is suitable for cash flow.

Customers with small momentum and relatively stable funds, customers with large deposits can deposit in several batches, so that the interest obtained will be more considerable, and the public will enjoy the happiness brought by financial management.

If you have 500,000 RMB, deposit for 7 days, and deposit for 56 days, the interest is 1,260 RMB; For the same 500,000 yuan, the interest is 560 yuan for a survival deposit that has been deposited for 56 days. Under the same circumstances, compared with the two deposit methods, the interest of the 7-day call deposit is 750 yuan more than that of the demand deposit.

"7-day call deposit" was launched last year and has now become a very popular wealth management product among customers.

Hello, the 7-day notice deposit you are talking about, is 50,000 yuan deposit, the deposit period is uncertain, you need to notify the bank 7 days in advance when using the money, the bank will give you a list, and then wait for the eighth day to withdraw, the interest rate is according to the actual number of days of interest.

But to make it clear to you, almost no one has saved this deposit now, and they are all doing 7-day notice deposit all-in-one pass. This is also more than 50,000 yuan, access at any time, the amount of each deposit period is limited to more than 1,000 yuan, more than 7 days are calculated, less than 7 days are also calculated, higher than the current period, and it is also convenient. But less than 50,000 yuan can't be saved.

What does a 7-day call deposit mean?

(1) Seven-day call deposit is a deposit method that notifies the bank to withdraw money seven days before the withdrawal, and then withdraws the deposit from the bank at the original time.

2) When the depositor of the seven-day notice deposit wants to withdraw the deposit, he or she shall go to the local branch 7 days in advance, inform the bank that the deposit is to be withdrawn, agree with the depository bank on the withdrawal amount and withdrawal time, and then withdraw the money at the bank at the agreed time, and the amount and account balance of each withdrawal of the seven-day notice deposit individual shall not be less than 50,000 yuan or 6,250 US dollars, and the deposit interest rate shall be calculated.

Extended information: 1. At present, the standard of the seven-day call deposit interest rate of each bank is different, but most banks implement it according to the annual interest rate. If the 7-day call deposit rate is.

Daily interest rate = annual interest rate 360, a total of 4 cycles, interest due = 100,000 * ((1 + yuan.) The 7-day call deposit is a financial service that automatically rolls over and calculates compound interest in a 7-day cycle, and the customer must notify the bank 7 days in advance to agree to withdraw the deposit, and if it is withdrawn within 7 days, the interest will be calculated according to the 1-day call deposit.

2. Regardless of the actual deposit period, individual call deposits are divided into two types: one-day call deposits and seven-day call deposits according to the length of the depositor's advance notice period. One day's notice must be given one day's notice to withdraw the deposit, and for the seven-day call deposit, seven days' notice must be given to the agreed withdrawal. The minimum deposit amount for personal call deposits is RMB50,000 (inclusive), and the minimum deposit amount for foreign currency call deposits varies slightly from region to region, but is approximately RMB50,000 equivalent.

The minimum deposit amount of enterprise notice deposit is 500,000 yuan.

3. The withdrawal method of the seven-day call deposit is as follows:

1. When depositors want to withdraw deposits, they should go to the local branch 7 days in advance;

2. Agree with the bank on the withdrawal amount and withdrawal time;

3. Withdraw money from the bank at the agreed time.

The amount and account balance of each withdrawal of an individual in a seven-day call deposit shall not be less than RMB 50,000; The minimum withdrawal amount of each enterprise should be more than 100,000 yuan, the minimum deposit amount is 500,000 yuan, and the deposit interest rate is calculated.

In a 7-day cycle, the customer must notify the bank 7 days in advance to agree to withdraw the deposit, if it is less than 7 days to withdraw, according to the 1-day notice deposit to calculate the interest of the financial service, the current 7-day call deposit interest rate is.

A seven-day call deposit is a type of call deposit. 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.

Anyone between 50,000 and 500,000 can open a notice deposit in one day and seven days.

Seven days means that the money is taken after seven days of notice.

For example, if you make an appointment with the bank on the first day, then you can withdraw money on the eighth day in order to enjoy the interest rate in the seven-day notice otherwise it is the current interest rate.