Calculation and selection of deposit interest of Agricultural Bank of China: Demand, time and savings treasury bondsAgricultural Bank of China, as one of the six major state-owned banks, has business outlets all over the country to provide great convenience for ordinary people, and for the choice of deposits, especially for the hard-earned deposit of 40,000 yuan, what kind of interest income will there be if you choose to survive or buy savings treasury bonds.
This is a question worth going deep into. First, let's look at the interest income from demand deposits. The current demand deposit interest rate of ABC is only 020%, which means that depositing 40,000 yuan in current account for one year can only get 80 yuan of interest, and you can't get high interest income in the long run.
Demand deposits are not the best option for long-term savings, as they are flexible but have low interest rates. Secondly, fixed deposits are highly regarded as a sound way to save money. While interest rates are relatively high, there are trade-offs to be made when choosing a tenor.
If you choose to deposit 40,000 yuan in Agricultural Bank of China for three years, the annualized interest rate is 255%, the interest for three years will reach 3060 yuan. Whereas, if you choose a one-year term, the annualized interest rate is 180%, the interest for one year is 720 yuan, and the total interest for three years is 2160 yuan.
Although a one-time deposit for three years can obtain higher interest income, its disadvantages are that the term is long, the flexibility is poor, and it is not convenient to withdraw it halfway. Finally, buying savings bonds is also a good option. The three-year treasury bond interest rate of the Agricultural Bank of China is 2 per annum63%, and the interest will reach 3,156 yuan for three years after purchase.
Savings bonds have a higher interest rate than fixed deposits, and can be withdrawn in advance, making them a relatively flexible and high-yield way of saving. To sum up, ABC, as a veteran state-owned bank, has a variety of deposit methods and is suitable for savers with different needs.
The choice of current, term or savings bonds has its advantages and disadvantages, and the choice should ultimately be weighed according to the actual situation of the individual. The safety of deposits is important, but it is also worth pondering how to obtain more interest income while ensuring safety. Which way do you prefer to save money?
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