Save it for one year, when its interest rate was 2. 25%, with annual interest of 225 yuan. If it is not deposited at maturity, the bank will continue to deposit it for the next year, and the principal plus interest will be deposited in the next deposit. That is, the first year's fund (1 0,000 yuan)+the first year's interest (225 yuan), and the first period's deposit is 1 0,225 yuan, so after the second period expires, the interest for one year should be 1 0,225 yuan.
Extended data:
Time deposit is a kind of deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit and withdraw the principal and interest after maturity. It has the characteristics of minimum deposit period of 3 months, maximum deposit period of 5 years, wide choice and stable interest income.
Time deposit refers to a form of savings in which depositors deposit cash in a time deposit account opened in a banking institution, and agree in advance to deposit it for a fixed period of time, and get a return at a higher interest than the current deposit, and receive principal and interest after the expiration.
Time deposit is the currency or currency that the depositor temporarily transfers the right to use to the bank while retaining the ownership, and it is the most important source of credit funds for the bank.
Note: If the depositor withdraws the time deposit before the agreed deposit term expires, the bank will usually treat this business as a demand deposit. Before depositors need to collect large deposits, they often need to inform the bank one day in advance and apply for an appointment to withdraw money in case the bank prepares enough cash to pay.
Time deposit: refers to the deposit that the depositor can only withdraw money on the specified date after the deposit or must notify the bank a few days before the withdrawal. The term can range from 3 months to 5 years, 65,438+00 years or longer. Generally speaking, the longer the deposit term, the higher the interest rate.
Traditional time deposits include not only certificates of deposit, but also passbooks, also called passbook time deposits. However, 90 days is the basic interest-bearing days, and no interest will be calculated after 90 days. Compared with demand deposits, time deposits are more stable and have lower operating costs, and the deposit reserve ratio held by commercial banks is correspondingly lower. Therefore, the capital utilization rate of time deposits is often higher than that of demand deposits. .
Time deposits are used to settle accounts or withdraw cash from time deposit accounts. If customers need funds temporarily, they can apply for early withdrawal or partial early withdrawal.
References:
Baidu encyclopedia-time deposit interest rate