Today is the second day of the Lunar New Year, so I wish you and your family all the best, good health, good fortune and prosperity in the Year of the Dragon, whether you are a fan or not.
When it comes to "wealth", we have to talk about investment and financial management. Saving is the most important way for Chinese to increase their assets, especially for middle-aged and elderly people, steady income is the first place, even if the income is less. ICBC is the largest bank in China and the world, with many outlets, and many depositors choose to deposit money in ICBC.
If you have 300,000 yuan in cash and deposit it in ICBC for 5 years, how much interest can you get under different deposit periods? Let's do the math.
The annualized interest rate of ICBC demand deposit is 02%。What is an APR? In short, it is the interest that 100 yuan can get by depositing it in the bank for a year, and 1% means that 100 yuan can get 1 yuan interest for a year, 02% is only 0$2 interest. The accumulated interest of 300,000 yuan deposited into the demand deposit for five years is:
300,000*02%*5=3000 yuan
3,000 yuan is only 1% of 300,000 yuan, and the five-year yield is only 1%, which is really low, which is no way, who makes the annualized interest rate of demand deposits so low. It is believed that the vast majority of people will not put a large amount of money into a demand deposit.
ICBC's fixed deposits are divided into six categories, the shortest term is 3-month fixed deposit, and the longest is 5-year fixed deposit, and the interest of the six types of fixed deposits is calculated as follows.
1.3-month fixed deposit
The annualized interest rate of the 3-month fixed deposit after the interest rate reduction is 115%, 300,000 yuan deposited for 5 years after multiple deposits, the interest that can be obtained is:
300,000*115%*5=17,250 yuan
2.6-month term deposit
The annualized interest rate of the 6-month fixed deposit after the rate cut is 135%, 300,000 yuan deposited for 5 years after multiple deposits, the interest that can be obtained is:
300,000*135%*5=20,250 yuan
3.1 Year Time Deposit
The annualized interest rate for a 1-year fixed deposit after the rate cut is 145%, 300,000 yuan deposited for 5 years after multiple deposits, the interest that can be obtained is:
300,000*145%*5=21,750 yuan
4.2-year term deposit
The annualized interest rate of the 2-year fixed deposit after the rate cut is 165%, 300,000 yuan can not be directly reached 5 years after deposit, we can first calculate the interest received after 3 times (6 years) and then convert it into 5 years of interest:
300,000*165%*6=29,700 yuan, and the interest converted into 5 years is 29,700 6*5=24,750 yuan
5.3-year term deposit
The annualized interest rate of the 3-year fixed deposit after the interest rate cut is 195%, 300,000 yuan can not be directly deposited for 5 years, we can first calculate the interest received after 2 deposits (6 years) and then convert it into 5 years of interest:
300,000*195%*6=35,100 yuan, and the interest converted into 5 years is 35,100 6*5=29,250 yuan
5.5-year term deposit
The annualized interest rate of the 5-year fixed deposit after the interest rate reduction is 2%, and the principal and interest will be fully recovered after the maturity of the deposit, and the interest part is:
300,000 * 2% * 5 = 30,000 yuan
The minimum deposit point of ICBC's large-value certificates of deposit is 200,000 yuan, and 300,000 yuan must meet this threshold requirement. Like time deposits, large-denomination certificates of deposit are divided into six types according to the maturity of the deposit, and the accumulated interest that can be obtained after 5 years of purchase is as follows.
1.1-month and 3-month certificates of deposit
The annualized interest rate of ICBC's 1-month and 3-month certificates of deposit is the same, which is 15%, 5 years after repeated purchases, the accrued interest is:
300,000*15%*5=22,500 yuan
2.6-month certificates of deposit
The annualized interest rate of ICBC's 6-month large-denomination certificate of deposit is 16%, after 5 years of repeated purchases, the accrued interest is:
300,000*16%*5=24,000 yuan
3.1-year certificates of deposit
The annualized interest rate of ICBC's 1-year large-denomination certificate of deposit is 18%, 5 years after repeated purchases, the accrued interest is:
300,000*18%*5=27,000 yuan
4.2-year certificates of deposit
The annualized interest rate of ICBC's 2-year large-denomination certificate of deposit is 19%, after the purchase of 300,000 yuan, it cannot be directly reached for 5 years, and the interest received after 3 times (6 years) is calculated first and then converted into 5 years of interest:
300,000*19%*6=34,200 yuan, converted into 5 years of interest is 34,200 6*5=28,500 yuan
5.3-year certificates of deposit
The annualized interest rate of ICBC's 3-year large-denomination certificate of deposit is 235%, after the purchase of 300,000 yuan, it cannot directly reach 5 years, first calculate the interest received after **2 times (6 years) and then convert it into 5 years of interest:
300,000*235%*6=42,300 yuan, converted into 5 years of interest is 42,300 6*5=35,250 yuan
In addition to various types of deposits, there are treasury bonds and local bonds, the former will be issued many times a year, ICBC is one of the main underwriting banks, and you can buy treasury bonds at ICBC.
In 2023, a number of savings bonds were issued, and each time they were snapped up by depositors, because the interest rate of government bonds is higher than that of the three-year large certificates of deposit of the four major banks, which is more attractive in the current situation of declining deposit rates. So how much interest can you get after buying 300,000 yuan of treasury bonds?
3-year Treasury Bonds:The annual interest rate is 263%, * three years after maturity, the accrued interest is 300,000 * 263%*3=23,670 yuan. Note that this is three years of interest, which is 39,450 yuan when converted into 5 years.
5-year Treasury Bonds:The annual interest rate is 275%, * after five years of maturity, the amount of interest that can be obtained = 300,000 * 275%*5=41250 yuan.
The yield advantage of treasury bonds is very obvious, and the only disadvantage is that the amount is too small, and it is easy to not grab it. Therefore, depositors who want to buy treasury bonds must pay attention to the announcements issued by the Ministry of Finance and various commercial banks, including the Industrial and Commercial Bank of China, in a timely manner, and do not miss them.
The above is purely a personal point of view, welcome to follow and like, your support is the best encouragement for originality!