Education savings are registered in real-name registration system. When opening an account, the depositor should hold his/her (student's) household registration book or ID card and go to the bank to open a deposit account in his/her own name. At maturity, the depositor needs to withdraw the principal and interest in one lump sum with the passbook and relevant certificates.
Deposit interest rate:
1. One-year and three-year education savings shall bear interest according to the interest rate of lump-sum and lump-sum time savings deposits of the same grade in the same period on the account opening date; The six-year term shall bear interest at the five-year lump-sum deposit rate on the account opening date. The general interest rates are: 1 year 3.25%, 3-year 5.0% and 6-year 5.5%.
2. In case of interest rate adjustment during the deposit period, the education savings will still bear interest at the interest rate on the account opening date.
Starting amount:
Education savings are deposited in 50 yuan, with a maximum principal of 20,000 yuan per household.
Service function:
1. Tax incentives. According to the relevant national policies and regulations, interest income from education savings can enjoy tax exemption with relevant certificates.
2. Every little makes a mickle, which is suitable for accumulating tuition fees for children and cultivating financial habits.