Account opening object

The account is opened for students above grade four (including grade four).

☆ Deposit term and initial amount

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.

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.

deposit 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.

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.

☆ Operation guide

1. Account opening: 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 customer's personal name. The financial institution will register the name and number of the certificate according to the above documents provided by the customer. The object of opening an account is students above grade four (excluding grade four) in primary school.

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.

Interest rate concessions:

One-year and three-year education savings will bear interest at the same time and the same grade time deposit rate on the account opening date, and six-year education savings will bear interest at the five-year lump-sum time deposit rate on the account opening date (depositors can enjoy a preferential interest rate only if they provide the original acceptance notice for non-compulsory education or the original corresponding certificate issued by the school, which is handled as general zero business).

Interest rate table

Annual interest rate of deposit items%

One year 1.98

2.52 pounds for three years

2.79 pounds for five years

Real-name registration system:

All commercial banks and urban and rural credit cooperatives (excluding postal savings institutions) engaged in savings business can start educational savings. Education savings are registered in real-name registration system. When opening an account, a qualified student household registration book (household registration certificate) or resident ID card and other valid real-name certificates must be presented to the savings institution to open a deposit account in the individual name of the student. Financial institutions register the name and number of certificates according to the above-mentioned certificates provided by depositors (that is, students). When acting as a student, the agent must also issue his/her valid identity certificate.

The total principal of each education savings shall not exceed 20,000 yuan.

Education savings are one-year, three-year and six-year fixed savings deposits. The minimum deposit amount is 50 yuan, with a fixed monthly deposit amount (the deposit amount shall be determined by the depositor), which shall be deposited in monthly installments. If there is a leak in the middle, it should be made up next month. If not, the interest will be calculated according to the actual deposit amount and the actual deposit period. The total amount of each principal shall not exceed 20,000 yuan. If the total amount of each principal exceeds 20,000 yuan or more than 20,000 yuan at a time, you shall not enjoy the preferential tax-free policy for education savings, and the interest earned shall be subject to interest tax. Educational savings that fail to pay interest according to regulations are not exempt from tax, and interest tax is levied in full according to the interest paid.

At the same time, education savings enjoy preferential interest rates. One-year and three-year education savings bear interest according to the interest rate of lump-sum and lump-sum time savings deposits of the same grade at the same period of account opening date; The six-year term shall bear interest at the five-year lump-sum deposit rate on the account opening date. When the education savings expire, the interest shall be calculated according to the actual deposit amount and the actual deposit period. In case of interest rate adjustment during the deposit period, the education savings will still bear interest at the interest rate on the date of account opening.