The 2.6-year term will bear interest at the 5-year time deposit rate; In case of interest rate adjustment, interest will not be calculated by installments.
3. The customer deposits a fixed amount every month according to the agreement. If there is any omission in the middle, it will be filled up next month. If there is no replenishment, it shall be handled in accordance with the relevant provisions on lump-sum deposit and withdrawal of time deposits.
4. If the customer fails to provide proof that his children receive non-compulsory education when it expires, they cannot enjoy preferential interest rate. Interest is calculated according to the interest rate of fixed savings deposits of the same grade in the same period on the account opening date, and income tax on interest of savings deposits is levied according to relevant regulations.
5. When the education savings are withdrawn in advance, they must be withdrawn in full. If you can provide proof that you are receiving non-compulsory education, interest will be calculated at the zero deposit and withdrawal rate, and interest tax will be exempted. If no proof is provided, interest will be calculated at the current interest rate and tax will be paid according to relevant regulations.
In case of overdue withdrawal, interest shall be calculated and paid according to the interest rate of current savings deposits on the withdrawal date, and income tax on interest of savings deposits shall be levied according to relevant regulations.
7. Use the transaction interest method to calculate interest.
Interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. Interest rate refers to the ratio of interest amount to the amount of borrowed funds in a certain period, which is usually calculated as the percentage of one-year interest to principal.
It is the main factor that determines the capital cost of enterprises, and it is also the decisive factor for enterprises to raise funds and invest.
Basic explanation
Interest rate, formally speaking, refers to the ratio of the amount of interest to the total amount of borrowed capital in a certain period of time. Interest rate is the interest level of unit currency in unit time, indicating the amount of interest. Economists have been trying to find a set of theories that can fully explain the structure and changes of interest rates.
Interest rates are usually controlled by the national central bank and managed by the US Federal Reserve. So far, all countries regard interest rate as one of the important tools of macro-control.
When the economy is overheated and inflation rises, it will raise interest rates and tighten credit; When the economy is overheated and inflation is controlled, interest rates will be lowered appropriately. Therefore, interest rate is one of the important basic economic factors.
Interest rate is an important financial variable in economics, and almost all financial phenomena and financial assets are related to interest rate to some extent.
At present, countries all over the world frequently use interest rate leverage to implement macro-control, and interest rate policy has become the main means for central banks to adjust the supply and demand of money and then regulate the economy. Interest rate policy plays an increasingly important role in the monetary policy of the central bank.
Reasonable interest rate is of great significance to social credit and the economic leverage of interest rate, and the calculation method of reasonable interest rate is our concern.
Interest rate influence
Interest rate is mainly influenced by marginal productivity of capital or the relationship between supply and demand of capital. In addition, there is the length of time promised to send money and the degree of risk taken.
Interest rate policy is the main means of western macro-monetary policy. In order to intervene in the economy, the government can indirectly adjust the domestic inflation level by changing interest rates.
During the depression, lower interest rates, expand money supply and stimulate economic development. In the period of inflation, we should raise interest rates, reduce the money supply and curb the vicious development of the economy. So the interest rate has a great influence on our life.
Interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. The interest rate is usually calculated by the percentage of one-year interest to the principal.