Education savings refers to the service of saving funds for receiving non-compulsory education, implementing preferential interest rates, depositing by installments and withdrawing principal and interest at maturity.
Second, the account opening object
The account is opened for students above grade four (including grade four).
Three. Term and starting amount of deposit
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.
Fourth, service characteristics.
1. Tax preference: According to the relevant national policies and regulations, the interest income of education savings can enjoy tax exemption with relevant certificates.
2. Every little makes a mickle: it is suitable for accumulating tuition fees for children and cultivating financial habits.
Verb (abbreviation of verb) 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. In case of interest rate adjustment, interest will not be calculated by installments.
2. The customer shall deposit a fixed amount every month as agreed. If there is any omission in the middle, it will be filled up 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. Early withdrawal, education savings must be fully withdrawn in advance. 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.
4. In case of overdue withdrawal, 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.
5. RMB education savings deposits use the product interest method to calculate interest.
Service channel of intransitive verbs
Opening an account and withdrawing money from an education savings account can only be handled at business outlets, and the renewal can be handled through online banking.
Seven, operation guide
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 a fixed monthly deposit amount and deposit it in monthly 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 and household registration book (household registration certificate) and the identity certificate of the student who is receiving non-compulsory education provided by the school (printed by the tax bureau), and each "certificate" will only enjoy the interest tax concession once. If the customer can't provide "proof", his education savings will not enjoy preferential interest rate, that is, interest will be calculated and paid according to the interest rate of fixed savings deposits of the same grade at the same period on the account opening date, which is divided into one-year and three-year periods; 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: the part of education savings that exceeds the original deposit period (overdue part) shall be paid with interest according to the interest rate of current savings deposit on the withdrawal date.
Current annual interest rate:
3.50% for one year, 5.00% for three years and 5.50% for five years.
The key point is that in case of interest rate adjustment, interest will not be calculated in installments, please consider it.