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1 million in different banks for 1 year, how much interest difference?

Edit: Liu Yinping Source: Financial 360 original Date: 2015-05-12

Summary:

Last week, the central bank cut interest rates twice during the year. Starting from May 11, the benchmark interest rate for RMB deposits was lowered by 0.25 percentage points. The upper limit of the floating range of deposit interest rates was raised from 1.3 times to 1.5 times. This means that banks have the right to increase their own pricing. Most banks immediately after the interest rate cut adjusted the latest deposit interest rates, we take a look at 1 million in different banks for 1 year, how much interest can differ. Financial 360 monitored the deposit rates of 27 banks in the first-tier cities in the north and the Guangzhou-Shenzhen. The one-year deposit rates were the highest among Shengjing Bank and Baoshang Bank, both of which were 3.25% and 10,000 yuan

 

Last week, the central bank cut interest rates twice during the year. Starting from May 11, the benchmark interest rate for RMB deposits was lowered by 0.25 percentage points. The upper limit of the floating range of deposit interest rates was raised from 1.3 times to 1.5 times. This means that banks have the right to increase their own pricing. Most banks have adjusted quickly after the interest rate cutLatest deposit ratesLet us take a look at 1 million in different banks for 1 year, how much interest can differ.

 

Financial 360 monitored the deposit interest rates of 27 banks in the first-tier cities in the north and the Guangzhou-Shenzhen line. The highest one-year deposit rates were Shengjing Bank andContractor Bank, Are 3.25%, 1 million deposit 1 year interest is 10000 × 3.25% = 325 yuan. One-year deposit rate is the lowestBank of CommunicationsAnd China Merchants Bank, both 2.5%, 1 million deposit 1 year interest is 10000 × 2.5% = 250 yuan. The difference between the two 325-250 = 75 yuan.

 

If the amount is larger, the deadline is worse, and the interest spread will be greater.

 

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