Bank of China, one of the major state-owned banks, has the largest business authority. What is the actual interest rate on bank deposits in China?First of all, the interest rate on demand deposits is very low, with an annualized rate of 020%, saving 10,000 yuan in three years can only get 60 yuan interest. This kind of stupid thing of working for a bank is not worth doing. Secondly,
The advantages of fixed deposits are that they are safe and convenient, with guaranteed principal and interest, and easy access to and out. For savers, choosing a deposit method requires a combination of interest, security, and flexibility. Deposit is the most suitable way for ordinary people to save money. For only 50 yuan, you can open a fixed account
There is no need to take into account weekdays or holidays to withdraw money, as long as the bank is open. Take 10,000 yuan to open a fixed three-year account in Bank of China as an example, and the annual interest rate is 260%, with an interest of 780 yuan for three years. This way locks in interest income for three years
The decrease in the bank interest rate will also not affect the locked interest. However, the tenor is long and inflexible, and early withdrawals are settled at the current rate. Another way is to choose a one-year deposit term and roll over the deposit year by year. The interest rate on fixed one-year deposits in Bank of China is 180%，
The interest is $180 for one year and $540 for three consecutive years. However, the interest rate on bank deposits is decreasing every year, and the interest on redeposits will also decrease year by year. Therefore, it is necessary to choose the most suitable period according to your actual situation, such as determining that you will not need money within three years
Then choose a one-time deposit term of three years. How can we make the most of idle funds?This is a problem that many people face. If you have a sum of money but aren't sure if you'll need it for the next three years, it's a good idea to save money year by year.
And if you have 10,000 yuan, you can also consider buying savings bonds. Savings bonds are issued by the Ministry of Finance, which is very safe, and the interest rate is slightly higher than that of fixed deposits. The latest savings treasury bond is a certificate treasury bond with an annualized interest rate of 263%，
The interest at maturity for three years is 789 yuan. It is also possible to withdraw treasury bonds in advance, and as long as the holding time is more than six months, the interest can be calculated according to the file. Some people may worry that they will not be able to buy government bonds, but in fact, as long as you prepare in advance, you can buy them at the bank early.
As a veteran state-owned bank, Bank of China has strong strength, and it is not only safe to deposit money in Bank of China, but also very convenient to deposit and withdraw money. So, it is a good choice to keep your money in the Bank of China.