China Bank Deposit Interest Calculator (存款利息计算器)
Calculate interest on a bank deposit in China: fixed-term deposits (定期) with simple interest at maturity, or demand deposits (活期) by days on a 360-day year.
Type the rate your bank pays: rates differ by bank and change often. Fixed-term interest is paid at maturity with no compounding; early withdrawal is usually paid at the demand rate. Deposit interest in China is not taxed.
What it does
Chinese banks pay fixed-term deposits (整存整取 定期) simple interest at maturity: principal × annual rate × years. Demand deposits (活期) earn daily interest at the annual rate divided by 360. Since 9 October 2008 deposit interest is exempt from personal income tax.
How to use it
- Type the amount and the annual rate of your bank.
- Choose fixed term or demand deposit, and the term or the days.
- Read the interest and the total at the end.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
How much interest on ¥100,000 for 3 years at 1.5%?
¥4,500: 100,000 × 1.5% × 3. At maturity you receive ¥104,500.
How is demand-deposit interest counted?
By day, at the annual rate ÷ 360: ¥100,000 at 0.2% for 90 days earns ¥50.
Is deposit interest taxed in China?
No. The interest tax was suspended on 9 October 2008.
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