Time deposit, also known as \"time certificate of deposit\
Any withdrawal of a time savings deposit at maturity shall be charged at the deposit rate on the date the certificate of deposit is opened; any withdrawal in advance shall be charged at the current deposit rate on the date of withdrawal; any withdrawal after the date of withdrawal shall be charged at the current deposit rate on the date of withdrawal.
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The interest rate of each bank's CD is different.
The central bank's benchmark rate for three-year deposits is 2.75%, and rates on certificates of deposit can rise as much as 55% above the benchmark rate. Taking postal Savings Bank as an example, the interest rate of 300,000 certificates of deposit for 3 years is 3.988%, so the interest rate of 300,000 certificates of deposit for 3 years is about 300,000 ×2.75%×3=24750 yuan.