Education savings is a special kind of savings, which is to save money for children to receive non-compulsory education in the future. The term is divided into 1 year, 3 years and 6 years, and the maximum amount is 20,000 yuan.
Interest income is higher than zero deposit and withdrawal. Disadvantages are complicated procedures, many restrictions, and the selected deposit period is too long to enjoy the benefits of raising interest rates. Therefore, education savings can be used as an auxiliary financial management tool.
Only students above the fourth grade of primary school can apply; The maximum deposit is 20 thousand yuan, which can not meet the preparation of children's education fund; We should consider the risks brought by changes in deposit interest rates. Education savings shall bear interest at the interest rate on the date of account opening, and shall be deposited before the interest rate is raised.
Extended data:
Overdue withdrawal of education savings, according to the withdrawal date of current savings deposit interest rate, and according to the relevant provisions of the savings deposit interest income tax.
Education savings should be fully withdrawn in advance. If the depositor can provide "proof" when withdrawing in advance, the interest shall be calculated and paid according to the actual deposit period and the time deposit rate of the same grade at the same period of the account opening date, and the interest income tax on savings deposits shall be exempted;
If the depositor 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.
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