What is the agreed deposit interest rate?

The agreed deposit interest rate is the interest rate implemented through the agreed deposit. Joint-stock commercial banks can only negotiate with depositors in accordance with regulations, which is also to avoid the risk of high-interest savings, which is not suitable for general interest rates or general savings.

In practice, banks can negotiate with users to determine to keep a certain amount of deposits for daily settlement. This part will be calculated according to the ordinary current interest rate, and the interest will be calculated according to the interest rate agreed by both parties. Under normal circumstances, the agreed interest rate is twice as high as the ordinary deposit rate.

Extended data:

Applicable object

1, insurance company agreement deposit

(1) When an insurance company handles an agreement deposit, its head office and the head office of the bank must sign an agreement deposit contract, stipulating the interest rate level, deposit term, interest settlement and interest payment method, default penalty standard, early withdrawal conditions and other matters.

(2) The minimum initial deposit amount of an insurance company's agreed deposit is RMB 30 million (inclusive), which is one-time deposit and one-time withdrawal.

(3) The deposit term of an insurance company's agreed deposit is more than five years (excluding).

(4) After the agreed deposit funds are deposited, the bank will issue an account opening certificate for the unit time deposit.

2. Social security fund agreement deposit

(1) When the social security fund handles the agreed deposit, the local human resources and social security departments, the National Social Security Fund Council and other institutions must sign an agreed deposit contract with the Head Office, stipulating the interest rate level, deposit term, interest settlement and interest payment method, default penalty standard, early withdrawal conditions and other matters.

(2) The minimum initial deposit amount of the social security fund agreement deposit is RMB 500 million (inclusive), which must be deposited in one lump sum and withdrawn in one lump sum.

(3) The deposit term of the social security fund agreement deposit is more than five years (excluding).

(4) After the agreed deposit funds are deposited, the bank will issue an account opening certificate for the unit time deposit.