Complaint: Why did China Merchants Bank treat customers with zero inventory?

Complaint: Why did China Merchants Bank treat customers with zero inventory?

The image can be automatically renewed after expiration.
This is not the case with zero-sum settlement. Not only does the settlement of interest not expire, but it is automatically converted to a current period or to a regular period, and the customer must bring his ID card to the counter for queuing, no interest is charged until the expiration date of the zero-sum settlement is reached! (After actual handling, it is found that online customer service personnel are not professional or careful. In fact, they do not need to carry an ID card (in Shenzhen ), the current interest will be calculated before the expiration date is settled, and it will be settled together with the zero-deposit-and-integral interest to you: P)

However, the teller machine does not support direct deposit and subsequent deposit and replacement, and can only be opened for new accounts. According to the online customer service staff, I checked the support on the query terminal yesterday and found that I could only query but could not transfer funds in the card! I went online again and got a reply: the old version of the system is supported, and the new version is no longer supported, while the new version is used in Shenzhen ~~

BTW, after processing, we found that the interest is very small, only about half of the expiration amount * annual interest rate :(
Upon inquiry, it was found that all banks Calculated as follows: Interest = cumulative interest accumulation × daily interest rate, that is, Interest = daily account balance accumulation × annual interest rate/360. Therefore, there is a skill in the deposit-free service, that is, to renew the service as early as possible after the payment is made, because it is higher than the current interest rate.
However, in other words, it is better to save it as a regular period. The interest on the partial storage is not high (in fact, it is only about 1.71%/2 = 0.86% ), the CMB card supports opening many subaccounts with fixed deposits. It is also convenient and can be directly stored on the ATM and on the Internet!

After my calculation, I had to deposit 3300 RMB for the next three months and three months in one year (because there were no fixed deposits for the period from January 1, in China, I had to pay a three-month margin ):
1) zero-sum settlement: 1-year interest = 39600/2 * 1.71% = 338 yuan (actually, there may be several dozen yuan more, if you try to save as early as possible every month ), for the remaining three months, the total storage fee is = 39600*1.71%/4 = 85 RMB, and the current period is 3 months (3300 + 6600 + 9900) * 0.72/12 = 12 RMB, the total is 435 yuan. Compared with 39600 + 9900 = 49500 base, the annual interest rate is only about 0.88%.
2) interest on the full-lifecycle deposit for the first three months = 3300*2.25*3 = 222 RMB, next, the deposit interest for six months is 3300*2.07/2*6 = 205 yuan, and the deposit for the next three months is 3300 + 3300) * 1.71/4*3 = 85 RMB, there are still 2 months after expiration, the current interest cannot be stored regularly = (3300 + 3300 + 6600) * (2 + 1) * 0.72/12 = 24 yuan, and the last three months (3300 + 6600 + 9900) * 0.72/12 = 12 yuan, totaling 548 yuan, compared with the base of 39600 + 9900 = 49500, the annual interest rate is about 1.1%.

Where is the sweat? After half a day, the principal of 50 thousand yuan only earned 100 yuan ~~
I still don't know if there is any problem with my computing. After all, banks are more fraudulent. Let's see how friends are doing.

You can use this tool to calculate the deposit and loan interest:
Http://www.cmbchina.com/personal+business/customer+service/datapublish/calculator.htm

Conclusion: To tell the truth, CMB is still the most innovative, dynamic, and best service in all banks, especially online customer service. I hope CMB can continue further, actively reflect the suggestions of our customers and make improvements as soon as possible!