How much interest does 300000 yuan have in a year? This mainly depends on which bank you choose. You only need to apply the formula for calculating interest: interest = principal * interest rate * term. The key to this problem is how to choose a bank? For example, the interest rate of large deposit certificates of the four major state-owned banks is generally 50% higher, the national joint-stock banks can be 52% higher, and some urban commercial banks, rural commercial banks, credit cooperatives, etc. can be up to 55%.
Safety of large deposit certificate
But many people still choose the same period large deposit certificate business of the four major state-owned banks. Why? The reason is obvious, for the sake of safety. Especially in the business of personal large deposit certificate with more than 500000 yuan, few investors will consider small banks.
For example, for the 300000 yuan certificate of deposit, if it is deposited in the three-year certificate of deposit issued by the rural commercial bank, the highest annual interest rate reaches 4.2625%, then the interest after one year is 12787.5 yuan. But if you choose the same period deposit interest rate issued by ABC, that is 4.125%, the interest will be 12375 yuan a year. By contrast, it can be found that the interest income obtained in rural commercial banks is 412.5 yuan higher.
Local small and medium-sized banks have higher income
What's your choice? Obviously, as long as you don't exclude local small and medium-sized banks, you should consider depositing them in rural commercial banks. In addition, the fixed deposit interest rate of private banks is significantly higher than that of other banks. For example, the five-year interest rate of Yilian bank is 5.45%, and that of blue ocean bank is 5.3%. If it is deposited in Yilian bank, the annual interest will be 16350 yuan.
It is also included in the scope of deposit insurance protection. Therefore, the author thinks that what awesome is your demand for the major commercial banks. If it is from the perspective of profitability, it must be a small bank more cost-effective. But in terms of security, all banks within 500000 yuan are covered by deposit insurance.
Generally speaking, the deposit interest rates of large state-owned commercial banks and national joint-stock banks should be lower in the same period. The deposit interest rate of local small and medium-sized banks, especially private banks, is higher. Relevant people suggest that the smart deposit of private banks should be chosen as an innovative deposit product, which can not only have the flexibility of demand, but also have high income on a regular basis.