How to calculate the interest of deposit and withdrawal business in general banks?

Interest-bearing rules for lump-sum deposit and withdrawal business. If there is no missing deposit during the deposit period, or the number of missing deposits is only once and the account has been replenished on schedule, the number of interest-bearing days shall be calculated on a yearly, monthly and daily basis. Interest is calculated according to the fixed deposit interest rate published on the account opening date. In case of interest rate adjustment during the interest-bearing period, interest will not be calculated by stages. Interest calculation formula: interest = [∑ (balance × days) ]× daily interest rate. ?

Extended data:

1. If the account is cancelled due to installment savings, but the installment savings times exceed two times (for two consecutive months), the interest shall be calculated and paid according to the installment savings deposit rate on the account opening day before installment savings, and the interest shall be calculated and paid according to the current savings deposit rate on the withdrawal day after installment savings, and the interest-bearing days shall be calculated according to the actual days. ?

2. Fixed deposit and lump-sum withdrawal time savings deposit is a kind of time savings deposit that is deposited by stages (monthly) and withdrawn with principal and interest at one time (different from time savings deposit with principal and interest withdrawn at one time). This kind of deposit is suitable for depositors with stable monthly income. The term of deposit is divided into one year, three years and five years.

References:

Online customer service of Bank of Communications (please select "Personal Bank" for online consultation)