1 year and 3-year time savings deposits of the same grade shall bear interest according to the account opening date.
The 6-year term bears interest at the 5-year time deposit rate; In case of interest rate adjustment, interest will not be calculated by installments.
The customer deposits a fixed amount every month according to the agreement. If there is any omission in the deposit, it should be made up next month. If there is no replenishment, it shall be handled in accordance with the relevant provisions of installment time deposits.
How to deposit bank education savings;
Just bring your ID card to the bank to open an education savings account, which is similar to lump-sum deposit and withdrawal, but you must issue a tax exemption certificate for children's non-compulsory education when you take it. The general certificate issued by the school is not enough, and a special tax exemption certificate is needed.
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. The target is students above grade four (including grade four) in primary school. At maturity, the depositor needs to withdraw the principal and interest in one lump sum with the passbook and relevant certificates.
When opening an account, you must show the customer's (student's) household registration book or resident identity card to the savings institution, and open a deposit account in the customer's personal name. The financial institution shall 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). When opening an account, the customer must agree with the bank on the amount of each time deposit and deposit it in installments.
According to the Regulations on Savings Management and other relevant provisions, these Measures are formulated:
Article 2 In order to encourage urban and rural residents to save money for their children's non-compulsory education (including full-time senior high schools, junior colleges, undergraduate, master's and doctoral students other than nine-year compulsory education) and promote the development of education, education savings is established.
Article 3: All financial institutions (except postal savings institutions) that handle savings deposit business can offer educational savings business.
Article 4: Educational savings have the characteristics of specific depositors, flexible deposit term, total amount control, preferential interest rate and tax exemption.
Article 5 The object of educational savings (depositors) is students above the fourth grade of primary school.
deposit rate
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.
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.