How does Alipay settle interest?

The interest settlement of Alipay account is the distribution income of wealth management products, generally because wealth management products other than Yu 'ebao are purchased in Alipay. When wealth management products distribute income, the interest settlement in the account will be displayed. If you deposit money in Yu 'ebao, the account will show the income of Yu 'ebao.

After depositors deposit their deposits in Alipay, they will pay interest to depositors within a certain period of time, or charge interest to borrowers.

One way is to settle interest. Generally according to the cycle length (3 months, 6 months, 12 months, etc. ), annual interest rate or daily interest rate.

Different settlement methods have different interest settlement amounts.

Extended information When depositors deposit their deposits in banks or borrowers borrow money from banks, the way for banks to give depositors interest or collect interest from borrowers within a certain period of time is interest settlement transactions, so the popular interest settlement is interest settlement.

Deposits or loans with different maturities, such as 1 month, 1 year, 3 years, etc. There will be different annual interest rates or daily interest rates, so the settlement methods of banks are different, resulting in different interest settlement amounts.

The bank will settle the deposit and loan interest at the agreed interest rate according to your deposit and loan accumulation in the bank. General deposit and loan interest is settled quarterly at the monthly interest rate, that is, the 20th of the last month of each quarter is the settlement date (March 20th, June 20th, September 20th, 65438+February). The start and end date of interest calculation is 2 1 day of last quarter month to 20th of last quarter month.