Core Viewpoint - Despite low interest rates, bank deposits remain a reliable investment option, especially for those seeking stable returns without market risks [1][10]. Interest Calculation - The formula for calculating interest on fixed deposits is straightforward: Interest = Principal × Annual Interest Rate × Time (in years) [1]. - For example, a deposit of 60,000 yuan for one year at an interest rate of 0.98% yields 588 yuan [1][4]. Interest Differences Based on Amount and Duration - The longer the deposit duration, the more significant the returns due to the compounding effect, particularly noticeable in five-year terms [3]. - Specific interest amounts for different durations include: - 60,000 yuan for one year: 588 yuan - 60,000 yuan for two years: 1,260 yuan - 60,000 yuan for three years: 2,250 yuan - 60,000 yuan for five years: 4,550 yuan [4]. Stability of Low Interest Rates - While current interest rates may seem low compared to other investment vehicles like stocks or funds, the safety of deposits is a major advantage [3]. - Deposits are insured up to 500,000 yuan, providing security even if the bank faces issues [3]. Duration Selection for Deposits - The choice between one, two, or three-year deposits should align with personal financial plans [6]. - For short-term needs, a one-year deposit is more flexible, while two to three-year deposits offer slightly higher rates [6]. Postal Savings Bank's Interest Rates - The interest rates offered by Postal Savings Bank are considered above average among state-owned banks, particularly for three and five-year terms [6]. - Although local banks may offer higher rates, they come with increased risks, making Postal Savings Bank a safer choice for conservative investors [6]. Importance of Interest in Daily Life - Even modest interest amounts can contribute to everyday expenses, highlighting the importance of saving [8]. - Regular deposits can provide a sense of financial security, especially for retirees [8]. Relevance of Savings in Modern Finance - Savings remain a foundational aspect of financial management, providing stability amid economic uncertainties [8]. - A solid savings base allows for greater freedom in times of need, such as medical emergencies or job changes [8]. Conclusion - Low interest rates do not diminish the value of savings; rather, they emphasize the need for prudent financial management [10]. - Building a habit of saving and understanding the value of each yuan can empower households financially [10].