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Interests calculation formula for saving

Date: 2016-04-15

Varieties with fixed interest rate  

Interest accrued on the interest date = Total face amount of T-bonds held * (Annual coupon rate/Times of interest payment each year).

Interest accrued for advance honoring= Total face amount of T-bonds held * (Annual coupon rate/Actual number of days of the current interest accrual year) * Actual days of holding the T-bonds as from the last interest date.

Interest deducted for advance honoring= Total face amount of T-bonds held * (Annual coupon rate/Actual number of days of the current interest accrual year) * Days with interest deducted

Varieties relating to inflation index 

Executive interest rate = Fixed interest rate + Inflation rate + Fixed interest rate * Inflation rate

Whereof, if the inflation rate is less than or equals to 0, executive interest rate will equal to fixed interest rate.

Interest accrued for advance honoring= Total face amount of T-bonds held * (Executive interest rate of the current period/Actual number of days of the current interest accrual year) * Actual days of holding the T-bonds from the last interest date.

Interest deducted for advance honoring= Total face amount of T-bonds held * (Executive interest rate of the current period/Actual number of days of the current interest accrual year) * Days with interest deducted

Total interest payable = Principal + Interest accrued – Interest deducted