The interest on long term bank deposits is calculated on the day of deposit, and will not change in

If the deposit is fixed, it is calculated according to the interest rate on the date of deposit, and if it is an automatic rollover term, such as a one-year term, the following year is calculated according to the one-year fixed interest rate on your maturity date. If there is no part up to one year, it will be calculated as a current period.

However, now some banks no longer calculate interest according to the benchmark interest rate, you can compare, for example, the original one-year fixed interest rate is, after the interest rate is cut, the state allows it to rise by 10%, and after the increase.

Let's put it this way, according to the interest rate when you deposit on the day, for example, if you save a long-term, then during this time are all safe this interest-bearing one, even if the middle of the long fall has nothing to do with you, short-term maturity, if you make an agreement to redeposit, and then the interest rate on the day of the transfer is interest-bearing, if not, the ordinary current interest on the day of the day

long-term"? I don't understand. I'll tell you the rules!

1) Demand deposits.

Interest shall be settled once a quarter, and interest shall be recorded at the interest rate announced by the People's Bank of China on the date of interest settlement, and the part of the unsettled interest shall be recorded at the interest rate announced by the People's Bank of China on the date of account closure.

2) For fixed deposits, interest shall be recorded at the fixed interest rate of the same grade published by the People's Bank of China on the date of account opening (i.e., the interest rate printed on the certificate of deposit).

If the withdrawal is overdue, the interest will be charged at the fixed interest rate of the same grade published by the People's Bank of China on the date of account opening during the deposit period. The overdue part shall be recorded at the current interest rate published by the People's Bank of China on the date of withdrawal.

If the withdrawal is made in advance, the interest will be recorded according to the current interest rate published by the People's Bank of China on the date of withdrawal.

The interest settlement method of bank deposit interest is calculated on a daily basis or on an annual basis, demand deposits are calculated according to the number of days of deposit and accumulation, and time deposits are calculated on an annualized interest rate.

Unlike other deposits, interest on demand deposits is calculated on the corresponding day of the month on which the deposit date is made, where the interest is calculated on the 30th day of each month and 360 per year

Interest rates are divided into simple interest and compound interest rates:

Interest i=p*i*n, where i represents interest, i represents interest rate, and n represents the number of years of deposit. China uses the simple interest calculation method.

Simple interest method. Interest = Principal Interest Rate Term.

Compound interest method. (Used to calculate interest on automatic rollover).

f=p (1+i)n (power).

f: Compound interest terminal value.

p: Principal. i: Interest rate.

n: an integer multiple of the time the interest rate was obtained.

After one year of bank fixed deposit, the interest will be calculated according to the current period, not the fixed interest.

There are two ways to calculate the interest on a fixed deposit at maturity:

1. Set up automatic dumping. When you apply for a fixed deposit at a bank, the staff will generally ask you to choose whether to automatically roll over the deposit after maturity, that is, when the agreed deposit cycle expires, continue to extend a new round of time deposit according to the previous deposit cycle. For example, for a one-year fixed deposit, after the maturity of the deposit, the principal + interest of the first year will be used as the principal of the new year, and the one-year fixed deposit will be deposited again.

Assuming that you are 10,000 yuan fixed for one year, then more than 80% of the probability of maturity will automatically give you a one-year redeposit, and now the basic bank system is set to automatically default to the deposit period to rollover, instead of converting to demand. In this case, the renewal will be based on a one-year interest rate: (10,000 + 175) yuan = 353 yuan.

2. There is no automatic rollover. If the fixed deposit is set up to be automatically rolled over, if you do not go through the first deposit after the expiration date, it will be converted from fixed to current. The current interest rate is simply negligible.

Interest on the renewal period is calculated at the rate of the previous period to maturity.

After the maturity of the customer's deposit, if the customer does not go to the bank to go through the rollover procedures, the bank can automatically transfer the principal and interest of the mature deposit at the same time according to the same deposit period, without any restriction on the number of times, and the interest on the renewal period will be calculated according to the interest rate of the previous maturity date. If the customer requests to withdraw the deposit after the renewal period, the interest of the deposit will be calculated according to the current interest rate on the date of withdrawal during the renewal period.

If the middle interest rate of fixed savings is adjusted, the interest on the savings will not be affected, and the interest will still be calculated according to the date of deposit. However, when the automatic rollover occurs at maturity, the latest interest rate will be applied.

If the fixed deposit is not withdrawn at maturity, if the automatic rollover is agreed upon at the time of deposit, it will continue to be transferred to the next fixed deposit, and the interest will be calculated on a regular basis. If there is no agreement on automatic rollover, it is calculated based on current interest.

Fixed deposits have not been withdrawn when they have matured. According to the bank's regulations, if the deposit is not automatically rolled, the one-year maturity of the deposit is a fixed term, and the regular interest is calculated. After maturity, it is calculated according to the current interest.

If the customer has made an automatic rollover, and the time deposit expires, the bank will automatically roll over the deposit to the next period. In addition, if the listed interest rate at maturity remains the same as that at the time of deposit, the interest rate of the automatic rollover deposit will be the same as before. If you do not withdraw the deposit after the maturity of the self-inspection period, there is nothing to do, but the interest calculation may be different.

Extended information: Bank fixed deposit is a familiar way of financial management for many people, and its advantage is that it is safe to protect the principal, but when depositing a fixed deposit, you also need to pay attention to the following self-examination questions:

1. Look at interest rates. Although the central bank has set a base rate, many banks can raise the interest rate on the basis of the self-examination of the interest rate, so that the yield will be higher, generally speaking, the interest rate of joint-stock banks, urban banks and some small banks is relatively high, while the interest rate of large state-owned banks is relatively stable.

2. Understand the rules for early withdrawal. Fixed deposits can be withdrawn in advance, and the interest will be calculated according to the current account for the part withdrawn before the self-inspection, and the interest will continue to be calculated on a regular basis. If the deposit period has not yet expired and the investor wants to withdraw all of it, the interest will be calculated according to the current account.

3. Choose according to the idle time of the funds. In the same way, if you want to withdraw funds when you need money urgently, you can only calculate interest according to the current account, so it is particularly not cost-effective.

Investors can choose to continue to redeposit when making a fixed deposit, so that they will continue to calculate interest according to the regular interest after the self-inspection period.

If the time deposit is withdrawn before maturity, the interest will definitely be settled according to the current account, even if it is one day short, the interest will be settled according to the current account.

According to the original agreement, those that belong to automatic rollover will be calculated according to the deposit period, and those that are not agreed will be calculated according to the current period.

In the case of a fixed deposit that has not been withdrawn at maturity, it will generally be automatically renewed by computer, and the interest will be calculated according to the interest announced by the bank, which is lower than the interest rate of renewing it over the counter in person.

To illustrate this relationship more fully, let's look at how the marginal output (MPL) of labor relates to the marginal cost (MC). Let's assume that the cost of an additional worker is $500 and the marginal output is 50 cases of apples. In this case, it costs $500 to produce an additional 50 cases of apples, and the marginal cost of a case of apples is $500 for 50, or $10.

More generally, if w is the wage, and moreover, an additional unit of labor produces the output of a unit of MPL, then the marginal cost of a unit of production is MC W MPL.

This analysis shows that the marginal decline in output is closely related to the increase in marginal cost. When our apple orchards are crowded with workers, each additional worker increases apple production (MPL decreases). Similarly, when an apple business produces a large number of apples, the apple orchard is already crowded with workers, so that the cost of producing an extra box of apples increases (MC increases).

Now consider our profit maximization criteria. We have previously established that profit-maximizing firms choose the amount of labor so that the marginal value of output (p mpl) of labor equals wages. We use a mathematical formula to write this:

p×mpl＝w

If we divide the two sides of this equation by the mpl, we get.

p=w/mpl

We just mentioned that W MPL is equal to the marginal cost MC. Therefore, we can derive the above formula on behalf of others.

p=mc

It is important to note that in Figure 21-7, consumers choose to consume more Pepsi and more pizza. While the logic of this model does not require an increase in the consumption of both items due to an increase in income, this is the most common scenario. You can recall Chapter 4 that if a consumer wants to buy more of an item when his or her income increases, economists call it a normal good.

The indifference curve in Figure 21-7 is based on the assumption that Pepsi and pizza are normal items.

Figure 21-8 illustrates an example of an increase in income that causes consumers to buy more pizza and less PepsiCo. If consumption buys less of an item when income increases, economists call it a low-grade item. Figure 21-8 is based on the assumption that pizza is a normal item and Pepsi is a low-grade item.

While most of the items are normal items, there are still some low-grade items in the world. An example is taking a bus. High-income consumers are likely to own their own cars and travel less on buses than low-income consumers. Therefore, riding the bus is a low-grade item.

How changes affect consumer choices.

Now let's use this consumer choice model to consider how a change in an item changes a consumer's choice. Specifically, let's say PepsiCo's ** drops from $2 for 1 pint to $1 for 1 pint. It's no surprise that the lower ** expands the purchasing opportunities for consumers.

In other words, a drop in any kind of item will shift the budget constraint line outward.

Figure 21-9 considers more specifically how the decline affects the budget constraint line. If the consumer spends the entire $1,000 on pizza, then Pepsi's ** is irrelevant. Therefore, point A in the diagram is still the same.

But if a consumer spends his entire earnings of $1,000 on Pepsi, he can now buy 1,000 pints instead of 500. As a result, the endpoint of the budget constraint line is moved from b to d.

No, regular automatic rollover, in most cases, is recalculated according to the interest on the maturity date. Let's say you save for a fixed year with an interest rate. Over the course of the year, the regular interest dropped to:

On the day after that maturity, it is impossible to automatically roll over another year's interest, and the highest is only.

In some commercial banks, the interest rate of automatic rollover is the same as that of over-the-counter transfer. However, there are also some commercial banks that have a much lower interest rate on regular automatic rollovers than over the counter. For example, the state-owned bank Postal Savings.

If you go to the counter to roll over a fixed period of one year, then the interest is. This interest rate is 40% higher than the benchmark rate.

But if you expire on a regular basis, leave it alone and automatically roll over another year. The interest on the automatic rollover is only 20 up, that is, only. It's also a regular year, just because you're automated, the interest is less.

It is equivalent to 10,000 yuan, which is 30 yuan less interest a year. If your amount is relatively large, you may lose thousands of dollars in interest over the course of a year.

The regular expires, go to the counter to reload, there are two very good places.

1. The interest rate is the highest

Regardless of the bank's regular settlement system, if you go to the counter to transfer the deposit, it will definitely be calculated according to the highest interest rate. Avoid a situation where the automatic transfer interest rate is low. And some times, you don't necessarily agree to autodump for yourself.

If you remember incorrectly, it is not an automatic rollover, but you record it as an automatic rollover, then the interest behind it is calculated according to the current account, which is equivalent to working for the bank in vain.

2. Additional gifts

For example, the bank where I work, I give gifts for a year. 10,000 yuan for a pot of one liter of oil; 20,000 yuan to get a bag of rice; 30,000 yuan to get a piece of paper. The more you save, the more you give.

If the amount is hundreds of thousands, then the rice, flour and oil sent by the bank are enough for you to eat for several months. If you are transferring automatically and do not go to the counter, it is impossible for the bank to deliver the gift to your home. You're losing a lot of benefits for nothing.

You can set the deposit period to "agree to automatically rollover". In case of any emergency, for example, if you go abroad and can't come back for the time being, you won't be able to go to the bank. The automatic rollover is agreed to avoid that after the maturity of the deposit, it is calculated according to the current account.

However, whenever you can find time, you have to go to the bank again. Automatic rollover can be avoided, and the interest does not have the pit of over-the-counter transfer. And you can also get extra, a lot of affordable gifts from the bank.

If the cardholder deposits a fixed deposit in the bank on January 15 this year with a deposit term of one year, the maturity date of the user's fixed deposit is January 15 next year.

If the term of the fixed deposit is exceeded, the interest after the expiration is calculated according to the current deposit interest rate listed by the bank on the same day.

Further Information: 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.

Definition. Cash and current savings deposits can be directly applied for fixed savings deposits, and the minimum deposit amount for regular account opening is 50 yuan, and there is no limit to more deposits.

The deposit period is 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years. You can apply for a partial advance withdrawal of the deposit, the deposit expires, and the principal and interest can be withdrawn with the certificate of deposit, or it can be automatically transferred to multiple times according to the original deposit period.

Interest shall be calculated and paid according to the deposit interest rate on the date of opening the certificate of deposit for withdrawal at maturity, and interest shall be calculated according to the interest rate of the current savings deposit on the date of withdrawal for early withdrawal. You can apply for a small pledge loan with your own fixed deposit certificate.

For unexpired fixed savings deposits, depositors must present the certificate of deposit and the depositor's identity certificate for early withdrawal; If the withdrawal is made on behalf of the depositor, the withdrawer must also hold his identity certificate, and the interest rate shall be calculated and paid according to the current savings deposit interest rate announced on the withdrawal date, and the withdrawer shall also sign the name of the withdrawer on the payment voucher.

For unexpired fixed savings deposits, depositors can withdraw part of them in advance as needed to verify that the interest rate of the current savings deposit announced on the date of withdrawal shall be paid according to the interest rate of the current savings deposit, and the retained part shall be paid at the maturity of the original deposit date and the original interest rate. If a partial early withdrawal has been made, the savings institution shall indicate the words "partial early withdrawal" on the deposit slip that has been paid and the newly opened deposit slip before the retention call.

Deadlines. Refers to the fact that the depositor can withdraw the money only on a specified date after the deposit is made or must be notified a number of days before the withdrawal is ready.

A type of bank deposit with a term that 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.