At present, many commercial banks are guiding depositors to buy their own certificates of deposit, which has set off an upsurge in the financial market. Some friends need to withdraw in advance after purchasing large deposit certificates. So, how to calculate the interest of large deposit receipt in advance? Here, we will introduce the relevant content.
At present, different banks have different provisions on certificates of deposit. Whether they can be withdrawn in advance and how to calculate the interest for early withdrawal vary greatly. Here, Xi Caijun takes the 211 issue of the Agricultural Bank of China's individual certificate of deposit as an example to explain how to calculate the interest of advance withdrawal of large amount deposit certificate.
The 211 issue of individual certificates of deposit of Agricultural Bank of China is allowed to be withdrawn in advance, and the interest is calculated in sections.
Interest calculation rules of specific segmentation method
In case of partial withdrawal or full withdrawal, the interest shall be calculated in sections according to the actual deposit days, fixed at 5 years, 3 years, 2 years, 1 year, 6 months, 3 months of the opening date, or 7 days notice or 1 day notice of withdrawal date. After partial withdrawal in advance, if the retained amount is lower than the sales threshold amount, the account must be forced to close.
For example, take a one-year product as an example. If you buy it on January 1 and withdraw it in advance on October 10, the interest will be calculated according to the 6-month fixed listing interest rate, 3-month fixed listing interest rate and 7-day notice deposit rate of the branch on the withdrawal date,
That is, interest = principal * (6-month corresponding interest rate / 12 * 6 + 3-month corresponding interest rate / 12 * 3 + 7-day call deposit interest rate / 360 * 9) (odd days = October 10-1).
It is not difficult for us to see that the calculation method of interest drawn in advance by large amount certificates of deposit is relatively complicated. Generally speaking, the interest drawn in advance is much less than the interest stipulated in the contract of large deposit certificate.