What does BOC Fixed Deposit mean?

Definition of fixed deposit and two-pence deposit: You can choose the withdrawal time without pre-specifying the deposit period on the deposit date.

The above content is for your reference, and the actual business regulations shall prevail.

Handle related business.

Fixed savings refers to a savings deposit in which the customer does not agree on the deposit period and can withdraw it at any time, and the interest rate changes with the length of the deposit period. It has both the benefits of fixed term and the convenience of current accounts, and is not subject to access restrictions, which is convenient for customers to manage their finances.

Interest calculation:1If the deposit period is less than 3 months, the interest shall be calculated and paid according to the current savings interest rate listed on the withdrawal date;

2.If the deposit period is more than 3 months (including 3 months) but less than half a year, the entire deposit period will be discounted by 6% according to the interest rate of the regular whole deposit and withdrawal for three months on the date of withdrawal;

3.If the deposit period is more than half a year (including half a year) but less than one year, the interest will be calculated at a 6% discount according to the interest rate of the regular lump sum deposit and withdrawal for half a year on the date of withdrawal;

4.If the deposit period is more than one year (including one year), no matter how long the deposit period is, the entire deposit period will be calculated at a 6% discount according to the one-year interest rate of the regular lump sum deposit on the withdrawal date.

Eligibility. Chinese citizens, Hong Kong, Macao and Taiwan residents, and foreign citizens residing inside and outside China can open a principal and interest deposit account with a valid identity document recognized by the real-name system.

The interest calculation regulations of the fixed life and two penny business:

If the deposit period is less than 3 months, the interest will be calculated according to the current interest rate on the date of withdrawal. If the deposit period is more than 3 months (including 3 months) but less than half a year, the interest rate of 3 months will be withdrawn according to the fixed bank on the withdrawal date.

6% discount for interest; If the deposit period is more than half a year (including half a year) but less than 1 year, the interest rate of the regular lump sum deposit and withdrawal for half a year will be discounted by 6% according to the withdrawal date; If the deposit period is more than 1 year (including 1 year), no matter how long the deposit period is, the interest will be discounted by 6% according to the interest rate of the 1-year fixed deposit and whole withdrawal on the withdrawal date. If the interest rate of the whole deposit of the corresponding term is less than the current interest rate on the day of withdrawal after discounting, it shall be calculated according to the current deposit interest rate on the date of withdrawal. Random answers.

The above content is for your reference, and the actual business regulations shall prevail.

Handle related business.

It is a kind of savings deposit that does not agree on the deposit period in advance, and is deposited in a lump sum and withdrawn at one time.

If the deposit time is less than three months, the interest settlement will be carried out according to the interest rate of the demand deposit, and the interest calculation of the deposit time of more than three months will be calculated according to the six-fold discount of the time deposit, and if the deposit date reaches more than one year, the interest will be settled according to the interest rate of the time deposit.

Extended Materials

The currencies in which the Personal Deposit is opened are: RMB, USD, JPY, EUR, GBP, HKD, AUD, CAD, CHF and SGD.

1. Fixed deposits.

Time deposits are also known as "certificates of deposit". 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. Some CDs can be sold in the market before maturity when the depositor needs funds; Some certificates of deposit are non-transferable and require the depositor to pay a fee to the bank if he or she chooses to withdraw funds from the bank before maturity.

2. Provisions on the term of fixed deposits.

The term can range from 3 months to 5 years, and more than 10 years. Generally speaking, the longer the deposit term, the higher the interest rate. In addition to the form of certificate of deposit, traditional time deposits also have the form of passbooks, which are also called passbook time deposits, but they are based on 90 days of interest-bearing days, and no interest is calculated for less than 90 days.

Compared with demand deposits, time deposits have stronger stability and lower operating costs, and the reserve ratio held by commercial banks for this purpose is correspondingly lower, so the capital utilization rate of time deposits is often higher than that of demand deposits.

3. Demand deposits.

A demand deposit is a bank deposit that can be accessed and transferred at any time by the depositor without any prior notice. These can take the form of checking deposit accounts, certified cheques, cashier's checks, traveller's cheques and letters of credit. Demand deposits account for the largest part of a country's currency** and are also an important fund for commercial banks**.

Demand deposits not only have the functions of a means of payment and circulation of money, but also have a strong ability to derive, which is the focus of commercial banks' operations. The interest rate on demand deposits is generally low; Commercial banks in Western countries generally do not pay interest, and some even charge a certain amount of handling fees.

Fourth, the characteristics of demand deposit service.

1.Through deposit and exchange, customers can deposit and withdraw RMB cash at bank outlets and self-service devices across the country with their bank cards, and deposit and withdraw cash at bank outlets in the same city with a passbook with reserved password. The same city can also handle the renewal business of cardless (passbook).

2.Funds are flexible, customers can use and withdraw at any time, and the funds are highly liquid.

3.Payment is convenient, customers can set the current deposit account as a payment account, and the bank will automatically pay various daily expenses.

5. Types of demand deposits.

1.Monetary income that is not used for consumption expenditure.

2.Prepare a savings currency for the purchase of large consumer durables.

3.The operating turnover monetary funds of self-employed households shall be deposited in the bank in the form of current savings before the bank solves the problems of opening accounts and transferring funds for them.

1.Hello, the fixed two pennies belong to the deposit, it is a kind of non-agreed period, that is, it is neither fixed nor current. The interest on a fixed deposit that can be withdrawn at any time after deposit is calculated according to the length of time it has been deposited.

The provisions on the calculation of interest on fixed life and two pennies: if the deposit period is less than one year, the interest will be discounted according to the same file, and if the deposit period exceeds one year, the interest will be discounted according to the one-year lump sum deposit, and the calculation formula is: interest = principal * deposit period * 60%.

2.According to the explanation of the fixed and fixed deposits, it can be clearly understood that the fixed two pence deposits are neither current nor fixed, or that the fixed two pence can be current or fixed, which depends entirely on the length of the deposit. Depositing for more than one year is fixed, so it is a very flexible deposit method.

1.What does it mean to live two pennies.

It is a kind of bank deposit method that does not agree on the deposit period in advance, and is deposited and withdrawn at one time. Fixed savings is a kind of savings that can be withdrawn at any time with an indefinite deposit period, and the interest rate changes with the length of the deposit period. Under normal circumstances, the deposit period is less than three months, and the interest will be settled according to the interest rate of the demand deposit; If the deposit period is more than three months, the interest will be settled at 6% discount of the fixed deposit; If the deposit period is more than one year, the interest rate of the fixed deposit will be settled.

2.Similarities and differences between fixed deposit and fixed deposit:

Fixed savings and fixed deposits can be said to have their own merits and are suitable for different objects. The fixed deposit does not have an agreed deposit period, and the interest can be calculated according to the actual deposit period according to the regulations, which has the advantage of not being limited by time, and is more suitable for those users who do not have a large amount of capital expenditure within three months and are not ready to use it for longer-term investment. The interest rate of fixed deposits is relatively high, and due to time constraints, if you withdraw in advance, the loss of interest will be relatively large, which is suitable for users who can predict the funds used in advance or the funds that will not be used for a long time.

3.The process of handling two pence.

Present the relevant documents to the counter of any BOC outlet.

4.Documents are required.

Chinese citizens who have registered permanent residence in the territory of the People's Republic of China shall issue a resident identity card; Chinese citizens under the age of 16 residing in China should open a personal bank account by their guardian**, and present the guardian's valid identity document and the account owner's resident ID card or household registration booklet (if the above documents cannot effectively prove the guardianship relationship between the guardian and the account owner, a valid guardianship certificate must be issued at the same time). Where military personnel or armed police officers have not yet received their resident identity cards, they shall also present their military security cards or supporting materials issued by their units that have not yet received their resident identity cards, in addition to the identity documents of the military personnel and armed police. Residents of the Hong Kong and Macao Special Administrative Regions shall issue a Mainland Travel Permit for Hong Kong and Macao Residents.

Bank of China can see interest for two or three monthsIf the fixed deposit period exceeds the minimum level of lump sum deposit and withdrawal and is less than one year, the interest shall be calculated at a 6% discount according to the interest rate of the same grade of lump sum deposit and withdrawal; If the deposit period is more than one year (including one year), the interest will be calculated at a 6% discount according to the one-year lump sum deposit and withdrawal interest rate; If the deposit period is lower than the lowest grade of the whole deposit, the interest will be calculated according to the current interest rate.

Calculate the interest rate of fixed and active savings: Fixed and active savings have the dual nature of fixed or current savings. If the deposit period is less than three months, it will be calculated according to the current deposit, and if it is more than three months, it will be calculated according to the interest rate of the fixed deposit of the same grade.

The six-fold calculation is calculated. If the deposit period is more than one year (including one year), no matter how long the deposit period is, the entire deposit period will be discounted by 6% according to the interest rate of the one-year deposit on the date of withdrawal. Its formula:

Interest = Principal Deposit Period Interest Rate 60% Because the fixed savings period is not fixed, there are very few days when you can rent it, and in this case, the daily interest rate is applicable to calculate the interest.

Generally, the deposit period is divided into 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years.

The fixed life is that you can withdraw it at any time according to the time of deposit, and pay you interest at a discount at the regular interest rate after a certain period of time.

In other words, if you can guarantee that the funds will not be withdrawn during the above deposit period, the interest rate will be higher

Savings deposits: one-time withdrawals.

What does it mean to deposit a deposit of 2 pence?