How To Calculate The Earnings Of Bank Financial Products

4%, 5%...

In the near future

The maturity date is not to the date of payment.

Investor Liu has recently had some spare cash on hand to invest in a field with a long term, high rate of return and less risk.

A friend in the financial industry told him that many banks will launch short-term financial products from time to time. The investment period is generally within six months, and the yield is much higher than that of demand deposits. Even if the investment fails to achieve the expected rate of return, it will be no less than the demand deposit interest rate. The risk is much smaller than that of the investment securities, which is quite in line with Mr. Liu's needs.

Mr. Liu listened to his friend's advice and bought a short-term financial product for 21 days, with an investment of 200 thousand yuan and a return on investment of 3.7%.

He plans to take a look at the actual income and decide whether to invest more.

21 days later, Mr. Liu checked his account and found that the money did not arrive on time. He was very puzzled and asked the customer manager to call the electricity. The other replied, "your money needs 12 days to arrive."

It turns out that this financial product has a subscription period of 7 days before the formal calculation of interest (hereinafter referred to as interest). After the expiration of the product, there is a liquidation period (also called the redemption period) for a period of 5 days. After the liquidation period is over, the revenue is actually accounted for.

Mr. Liu bought the financial products on the first day of the subscription period, counting the raise period and the liquidation period. After 33 days' investment, he could get the principal and income, and the investment period was extended by 12 days.

Interest in the raise period is "beat the bucket".

According to the survey, major banks have time to launch financial products, and the selling time is usually the beginning of the month.

When consulting, business managers always "seduce" customers for various reasons: "this product is too hot, and many people are sold out."

"If you don't buy it today, there may be no quota tomorrow."

"When will the similar products be launched?"

According to insiders, each financial product has a raise amount and a starting point investment amount, the amount is at least 50 thousand yuan.

In a period of time, the total purchase amount of investors who purchase financial products reaches the raise amount, and the product begins to interest.

However, banks usually set a deadline for subscription of financial products, with a duration of about 7 days, which is called raising period.

If the total investment amount of the financial products in the raising period is less than the amount raised, it will normally start on the second day after the end of the recruitment period.

However, the business managers of all banks said that "the current level of investment is not enough, and the amount of investment can not reach the quota."

As a result, when it comes to the liquidation period after maturity, there are actually two non investment periods to invest in a financial product. In the non investment period, investors can not withdraw cash in principle. Most banks do not calculate interest rates for financial products within the period of non investment. A few banks can calculate interest rates at 0.5%.

There is a professional tip that investors should purchase financial products within the period from the date of interest date so as to shorten the subscription period and minimize the dilution of investment income.

However, many financial managers of banks say that the demand for financial products has been booming recently, and that the products have been sold out almost at the beginning of the collection period. If they want to buy them near the date of interest, they will not be able to buy them.

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The banking industry said that financial products belong to the individual services launched by banks themselves. Investment period, non investment period and expected interest rate are set by themselves. There is no uniform standard in the industry.

As a result, after several banks took the lead in setting up a liquidation period, other banks followed suit.

According to the survey, the Bank of China and the Agricultural Bank of China, which did not set up a financial product liquidation period in early March, are now keeping up with the trend.

In early April, the clearing period of Bank of China's financial products was adjusted to 5 working days, and the Agricultural Bank became a 2 working day.

In the early morning of March, the interest rate of financial products issued by ICBC in the early period of the liquidation period was calculated at 0.4% of the prevailing interest rate at that time, but by the beginning of this month, the interest rate in liquidation period had been abolished.

According to the insiders, after the adjustment of the market, the financial products of major banks gradually formed a "hidden rule", that is, on the one hand, there is a general liquidation period and a raise period. On the other hand, the financial products in the non investment period are not interest bearing.

However, as the only "compensation" for the "empty window period" of customers' interest, banks are no longer charging fees for issuing financial products.

But a private banking industry privately said that in fact, the fee waived is also "wool on sheep". The person said that the rate of return given by financial products has actually taken into account the handling fee.

Comparison of some banks' liquidation period

Bank name liquidation period duration interest rate

Bank of China has no interest rate for 5 working days.

ICBC has no interest rate for 3 working days.

The Construction Bank has no interest rate every 10 days.

The Agricultural Bank has no interest rate for 2 working days.

Bank of communications has no interest rate within 5 working days.

CITIC Bank fluctuated with an average interest rate of 2 working days.

Industrial Bank has no interest rate for 1 working days.

China Merchants Bank fluctuated most of the day to account without interest rate {page_break}

Help you settle accounts.

How to calculate financial returns

Investor Mr. Su recently saw a financial product launched by a state-owned bank. The subscription period is from April 2nd to April 7th, the starting date is April 8th, and April 15th is due, with an annualized yield of 2.1%.

The product's investment duration is 7 days, and the liquidation period is 5 working days.

Since April 15th is Friday, the actual liquidation period is 7 days.

That is to say, when Mr. Su bought 100 thousand yuan of the financial product in April 2nd, he had to wait until April 22nd to get the money back, and the money would be fully occupied for 20 days.

According to the calculation, when Mr. Su's financial products expire, he will earn 40.27 yuan in accordance with the annual yield of 2.1%, but if the subscription period and the liquidation period do not take interest, it is equal to Mr. Su's gain of $40.27 in the actual investment period of 20 days.

According to this calculation, the formula of actual annualized yield is the real income x 365, the actual investment period is 40.27 yuan, 365 100000=0.73% 20, and only the 1/3 of the bank's annualized rate of return has been greatly diluted.