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What is the difference between the interest earned on different bank deposits?

Time: 2013-10-12         Source: Rong 360 original         Author: Chen Li

Since the implementation of the market interest rate, the competition among banks has become more and more fierce, and various banks have launched a battle for storage in order to compete for a larger market share. The most beneficial is undoubtedly the majority of depositors, at this time the goods are particularly necessary.

For example, Bank A’s 2-year and 3-year deposit rates rose to 4.125% and 4.675%, respectively. It is 0.375 and 0.425 percentage points higher than the benchmark interest rate of B. If the interest rates are calculated according to the deposit rates of the two banks, will the difference be quite different?

Taking a fund of 100,000 yuan as an example, the two-year and three-year deposits will be processed at the bank that implements the benchmark interest rate, and the interest will be 7,500 yuan and 12,750 yuan respectively at the expiration; the bank will raise the interest rate to the "top". You can get interest of 8,250 yuan and 14025 yuan respectively. Compared with the two, the interest difference is 750 yuan and 1275 yuan respectively. This shows that the extra interest is not attractive.

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