The deposit period of education savings is divided into one year, three years and six years. Education savings are deposited in 50 yuan, with a maximum principal of 20,000 yuan per household. The account is opened for students above grade four (including grade four).

A. 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.

B. In case of interest rate adjustment during the deposit period, the education savings will still bear interest according to the interest rate on the account opening date.

1. Opening an account: When opening an account, you must show the customer's (student's) household registration book or resident ID card to the savings institution, and open a deposit account in the name of the customer (student). The financial institution will register the name and number of the certificate according to the above documents provided by the customer. The account is opened for students above grade four (including grade four).

2. Deposit: When opening an account, the customer must agree with the bank on the amount of each time deposit and deposit it in installments. If there is any omission in the middle of the account, it should be filled in next month. If there is no replenishment, it shall be handled in accordance with the relevant provisions on lump-sum deposit and withdrawal of time deposits.

3. Withdrawal: When the withdrawal is due, the customer will withdraw the principal and interest in one lump sum with the passbook, ID card, household registration book (household registration certificate) and the identity certificate of the students receiving non-compulsory education provided by the school, and each "certificate" will only enjoy the interest tax concession once. If the customer can't provide "proof", his education savings will not enjoy the interest tax preference, that is, the one-year and three-year interest will be calculated and paid according to the interest rate of fixed deposits of the same grade in the same period on the account opening date; Interest is calculated and paid for the six-year term according to the interest rate of five-year fixed savings deposit on the account opening date. At the same time, interest income tax on savings deposits should be levied according to relevant regulations.

4. Early withdrawal: Early withdrawal of education savings must be made in full. When withdrawing in advance, if the customer can provide "proof", the interest shall be calculated and paid according to the actual deposit term and the interest rate of lump-sum fixed-term savings deposits of the same grade in the same period as the account opening date, and the interest income tax on savings deposits shall be exempted; If the customer fails to provide the Certificate, the interest shall be calculated and paid according to the current savings deposit interest rate on the actual deposit period and withdrawal date, and the income tax on savings deposit interest shall be levied according to relevant regulations.

5. Overdue withdrawal: for the part of education savings that exceeds the original deposit term (overdue part), interest shall be calculated and paid according to the interest rate of current savings deposits on the withdrawal date, and income tax on interest of savings deposits shall be levied according to relevant regulations.