Is there any interest on saving money in the social security card?

There is interest on saving money in the social security card.

The interest of the social security card medical insurance account is calculated according to the current interest of the bank. Social security card financial accounts are the same as ordinary bank cards. Interest will be calculated according to the type of deposit. Interest is calculated at the current interest rate listed by the bank on that day, and at the agreed deposit rate on a regular basis.

The social security card has the following functions:

1, personal social security related information records, electronic certificates and information inquiry, etc. ;

2. Record the insured's name, ID number, date of birth, gender, nationality, household registration and other basic information;

3, query my pension, unemployment, medical care, work injury and maternity insurance payment;

4. You can take the card to the hospital to see a doctor, settle the medical insurance personal account, and buy medicine at the pharmacy;

5 for medical care, unemployment, pension, work injury, maternity and other social security affairs;

6. Query the total amount of endowment insurance and medical insurance;

7. Handle social security affairs such as receiving pensions, registering for job hunting and unemployment, applying for unemployment insurance benefits, and vocational training.

To sum up, although there is interest on putting money in the social security card, the interest is relatively low.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 14

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Article 68

The social insurance fund shall be deposited in the financial special account, and the specific management measures shall be formulated by the State Council.