How Do I Earn the Best Current Account Interest?

"Personal notification deposit" refers to a type of deposit that can be withdrawn by notifying the bank in advance when making a withdrawal and agreeing to the date and amount of withdrawal.

How to double the interest on "current account" deposits

Right!

"Personal notification deposit" refers to a type of deposit that can be withdrawn by notifying the bank in advance when making a withdrawal and agreeing to the date and amount of withdrawal.

Which deposits not only raise interest rates significantly, but are as flexible as demand deposits?
The renminbi has finally raised interest rates. Although the magnitude is small, deposit and loan interest rates have increased by 0.27%, but experts predict that it is likely to enter a stage of continuous interest rate hikes.
At this stage, if you have large funds and do not have a good investment channel for the time being, you may put it in current deposits so that you can use it at any time. However, the interest rate on demand deposits is only 0.72%, and this time the interest rates are raised, the interest rates on current deposits and regular 3-month deposits have not increased.
And if you choose personal notification deposit, not only the interest rate is greatly increased, the withdrawal is also very flexible, and you can withdraw in installments.

The minimum starting deposit for personal notification deposits is 50,000 yuan, and it is divided into two types: one-day and seven-day notification deposits according to the length of the notice period of the depositor. The current one-day notice deposit interest rate is 1.08%, and the seven-day notice deposit interest rate is 1.62%. Before the withdrawal is made, the bank is notified more in advance, but the interest rate is several times the current demand.
If you deposit 50,000 yuan into a three-month demand deposit and deduct interest tax, you can only get 72 yuan of interest. If you change to a 7-day notice deposit, you can get 162 yuan of interest. In this way, the funds can be maximized without losing flexibility while waiting for investment. For example, during a seven-day long holiday, shareholders can completely put idle funds into their personal notification deposit accounts, and then take them out when the stock market opens.
Personal notification deposits are especially suitable for customers who have large amounts of money and need to withdraw multiple installments. As long as the remaining amount after withdrawal is more than 50,000 yuan, the rest will still carry interest at the interest rate of the notice deposit.
In addition, the deposit certificate of the notice deposit does not indicate the deposit period and interest rate, and the bank calculates the interest according to the corresponding interest rate and the actual deposit period announced on the withdrawal date. In other words, if a notice deposit is placed before the interest rate is raised, when the interest rate is raised and the withdrawal is processed, the deposit can enjoy the new interest rate after the increase.
However, it should be noted that when a certain amount of money is withdrawn on a certain date, the payment is made in advance or overdue, and the amount is greater than or less than the agreed amount.
Foreign currency personal notification deposits, with the exception of Japanese yen of 1 million and other foreign currencies of 10,000 yuan.