Interest = principal * annual interest rate * Deposit term, take Bank of China as an example, Bank of China in 2021 second phase of the latest CD three-year interest rate is 3.35%, 300,000 CD three-year interest is: 300,000 *3.35%*3=30150 yuan.
Bank of China's latest CD interest rates for the second issue of 2021: The 1-month CD rate is 1.69%, the 3-month CD rate is 1.7%, the 6-month CD rate is 1.9%, the 1-year CD rate is 2.1%, the 2-year CD rate is 2.7%, and the 3-year CD rate is 3.35%.
The interest rate of each bank's CD is different. The People's Bank of China's benchmark interest rate for three-year deposits is 2.75%, and the interest rate on certificates of deposit can rise up to 55% above the benchmark rate.
For example, the interest rate of 300,000 large certificate of deposit for 3 years is 3.9%, then the interest rate of 300,000 yuan for 3 years is about 300,000 ×3.9%×3= 35,100 yuan. The exact amount is calculated according to the interest rate of the selected bank deposit.