has 1 million, and different people may have different feelings. For a star, it feels very panicked to have 1 million, but for an ordinary person, having 1 million will give him a sense of security, because even if an ordinary person saves money for a lifetime, he may not be able to save 1 million. So, if an ordinary person deposits 1 million in the bank, what kind of life can he live on interest?
What kind of life can you live with interest if you deposit 1 million in the bank?
Let’s first look at how much interest you can get every month by depositing 1 million in the bank.
If you want to get interest every month, you can only deposit deposits with a term of not more than one month or deposit fixed deposits with principal and interest withdrawal.
. Among deposits with a term of no more than one month, there are current deposits, notification deposits, , one-month large-denomination certificates of deposit , and structured deposits within one month are optional.
If it is a survival period, deposit it at at 0.35% benchmark interest rate, and the interest of a deposit of 1 million yuan per year is only 3,500 yuan, and the interest of less than 300 yuan per month is only 300 yuan. To live with this little money, you can only ensure that you can eat three steamed buns per meal, and other living expenses will not be settled.
If you deposit a notice, the interest rate is about 1%, that is, you will get about 10,000 yuan in a year due to deposit of 1 million yuan, and the interest rate you get every month is about 830 yuan. If you use this interest to live, you don’t have to eat steamed buns every day, but it can basically only solve the problem of food and clothing.
For a one-month large-denomination certificate of deposit, the highest interest rate can reach 1.9%, and the interest rate for depositing 1 million yuan per month is 1,580 yuan. Using these interest to live, in addition to solving the problem of food and clothing, the problem of living can basically be solved, of course, the premise is to rent a house.
As for depositing structured deposits, it depends on the situation. Those with high interest rates and relatively stable interest rates can exceed 3%. For example, a 29-day structured deposit issued by a bank can reach 3.25% at the highest interest rate. By depositing at this interest rate, you can get about 2,700 yuan of interest every month. With these interest, the most basic needs of daily life should be met.
In addition, although fixed deposits that can deposit principal and interest can also ensure that interest can be obtained every month, the interest is relatively low. Even if you deposit five years, the interest may not be as good as a one-month large-denomination certificate of deposit.
If you do not require interest to be obtained every month, you can deposit some deposits with higher interest rates. Among them, five-year fixed deposits, five-year large-denomination certificates of deposit, and some structured deposits with a term of more than one month are all relatively high interest rates.
If you deposit a five-year fixed deposit, the maximum interest can reach 4%. According to this interest, a deposit of 1 million yuan will have an interest of 40,000 yuan per year, and an interest of about 3,300 yuan per month. With these interest, in addition to meeting daily basic needs, you may also be able to make a small fortune occasionally.
If it is a five-year large-denomination certificate of deposit, it should be almost the same as a five-year fixed deposit. Because the maximum interest rate of five-year large-denomination certificates of deposit is only 4.05%, the interest rate for a one-year deposit of 1 million yuan is only 500 yuan, and this interest will not improve the quality of life much.
If you deposit structured deposits, the highest interest rate is even more than 5%, but such interest is not easy to obtain. If you can get such interest, you will get more than 4,000 yuan per month. If only one person spends it, these interest should be able to live a well-off life.
In short, what kind of life can you live by saving 1 million with interest depends on how you save it.
