Banks are divided by type: central banks, policy banks, commercial banks, investment banks, and the World Bank, and their responsibilities are different.
Central Bank: The People's Bank of China is the central bank of our country.
Policy banks: including the Export-Import Bank of China, Agricultural Development Bank of China, and China Development Bank.
Commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc.
Investment banks: including Goldman Sachs Group, Morgan Stanley, Citigroup, Wells Fargo, UBS, Societe Generale, etc.
World Bank: Used to finance countries' efforts to overcome poverty. Each institution plays a unique role in its mission of alleviating poverty and improving living standards.
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1. Interest rate levels of mainstream banks:
1. Shanghai Pudong Development Bank:
The current deposit interest rate is 0.3%. The three-month deposit interest rate is 1.5%, the half-year deposit interest rate is 1.75%, the one-year deposit interest rate is 2%, the two-year deposit interest rate is 2.4%, the three-year deposit interest rate is 2.8%, and the five-year deposit interest rate is 2.8%. is 2.8%.
2. The five major state-owned commercial banks (Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, and Bank of Communications):
The current deposit interest rate is 0.3%. The three-month deposit interest rate is 1.35%, the half-year deposit interest rate is 1.55%, the one-year deposit interest rate is 1.75%, the two-year deposit interest rate is 2.25%, the three-year deposit interest rate is 2.75%, and the five-year deposit interest rate is 2.75%. The current deposit interest rate is 2.75%
3. China Merchants Bank:
The current deposit interest rate is 0.35%. The three-month deposit interest rate is 1.35%, the half-year deposit interest rate is 1.55%, the one-year deposit interest rate is 1.75%, the two-year deposit interest rate is 2.25%, the three-year deposit interest rate is 2.75%, and the five-year deposit interest rate is 2.75%. is, 2.75%
2. The interest rate for early withdrawal of time deposits is calculated based on the current interest rate. Currently, the interest rate for current deposits in most banks is only 0.3% or 0.35%. However, when large-denomination certificates of deposit are withdrawn in advance, interest can be calculated based on the current interest rate. of. In view of the fact that demand deposits not only function as a means of monetary payment and circulation, but also have strong derivation capabilities, commercial banks must regard demand deposits as the focus of their operations at all times. However, due to the frequent deposits and withdrawals of such deposits, complex procedures, and high costs, commercial banks in Western countries generally do not pay interest, and sometimes even charge certain handling fees.