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If you have 50,000 yuan and want to deposit it in a rural commercial bank, how much interest can you earn in a year?
The answer is:Depends on the deposit method and interest rate you choose
Depending on the deposit method and interest rate, the interest you can earn in a year is also different. Let's make a simple comparison:
Demand deposits: the most flexible, anytime access but the lowest interest rate, which is generally at 035% or so. If you deposit $50,000 into a current account, the interest for one year is $175.
Time deposits: the most secure, deposit and withdraw on time, the interest rate is higher, and the current rate is generally 1Between 5% and 4%, there are different interest rates for different tenors. If you put $50,000 into a fixed term, the interest for one year is as follows:
3 months: 375 yuan;
6 months: 750 RMB;
1 year: 1500 yuan;
Two years: 3,000 yuan;
Three years: 6,000 yuan;
Five-year: 10,000 yuan.
Call deposit: between demand and time, deposit and withdrawal after advance notice, the interest rate is higher, currently generally between 1% and 3%, and different notice periods have different interest rates. If you put $50,000 into a call deposit, the interest for one year is as follows:
1 day: 250 RMB;
7 days: 500 yuan;
1 month: 750 yuan;
3 months: 1250 yuan;
6 months: 1750 yuan;
One year: 2,500 yuan.
Structured deposits: the most complex, linked to financial derivatives, with uncertain returns, which may be higher or lower than time deposits, currently generally between 2% and 6%, and different products have different returns. If you put $50,000 into a structured deposit, the interest for one year is as follows:
Principal-protected type: 1000 yuan;
Non-principal-protected: It may be $0, it may be $3,000, or even higher, depending on the design of the product and changes in the market.
Based on the above comparison, we can see that different deposit methods have different interest rates and returns, as well as different risks and flexibility. So, how should you choose a deposit method?
This depends on your funding needs and risk appetite. In general, there are several principles:
If your capital needs are urgent and may be used at any time, then you can choose a demand deposit, although the interest rate is low, but it is flexible and convenient, and you will not lose the principal;
If your capital needs are not too urgent and you can reach a certain time, then you can choose a fixed deposit, with a higher interest rate and stable income, but you should pay attention to the deposit period and withdrawal time to avoid losing interest by withdrawing in advance;
If your capital needs are uncertain and there may be unexpected situations, then you can choose to call a deposit, the interest rate is higher and the yield is better, but you must notify the bank in advance, and it generally takes a day to a month to withdraw the money;
If your capital needs are not urgent, and you are willing to take a certain amount of risk and seek higher returns, then you can choose structured deposits, with higher interest rates, and the income may exceed that of time deposits, but it may also be lower than time deposits, or even lose principal, so you should carefully understand the design and risks of the product, and do not invest blindly.