The Bank of Japan cut its interest rate twice during the year on Sunday, lowered the benchmark interest rate for renminbi deposits by 0.25 percentage points from May 11 and increased the upper limit of the floating range of deposit interest rates from 1.3 times to 1.5 times, which means that banks’ right to independent pricing increases. Most banks adjusted quickly after rate cutsLatest deposit rateLet's take a look at the difference in the interest rate of 10,000 yuan in different banks for 1 year.
Rongrong monitored the deposit rates of 27 banks in the Guangzhou-Shenzhen first-tier cities in the north. The highest one-year deposit interest rate was Shengjing Bank andBaoshang Bank, are 3.25%, 10,000 yuan deposit interest for 1 year is 10000 × 3.25% = 325 yuan. The lowest one-year deposit rate isBank of CommunicationsBoth China Merchants Bank and China Merchants Bank have a 2.5% interest rate of 1 million yuan for 1 year and 10,000 x 2.5% = 250 yuan. The difference between the two is 325-250=75 yuan.
If the amount is larger and the deadline is worse, the interest difference will be greater.