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

The money deposited in the social security card bears interest.

1, social security card financial account can deposit money, which has the property of bank deposit, and the deposited funds are guaranteed, and the principal and interest are guaranteed;

2. The funds deposited in the social security card are protected by the Deposit Insurance Regulations, so it is safe to deposit 654.38 million yuan;

3. There is no handling fee for social security card deposit and withdrawal, including annual fee, new card issuance fee, counter loss reporting fee, small account management fee and inter-bank withdrawal fee in the province;

4. The deposits in the social security card financial account can be withdrawn and used like ordinary bank cards.

Functions and services of social security cards;

1. Identification: The social security card has the identification function, and the cardholder can prove his social insurance participation status through the social security card;

2. Medical services: Social security cards are often used for identity verification and expense settlement when medical institutions seek medical treatment;

3. Social Security Inquiry: Cardholders can inquire about personal social security payment, medical expense reimbursement records and other information through social security cards;

4. Financial payment: Social security cards in some areas have the function of bank cards, which can be used for financial payment activities such as cash withdrawal and consumption;

5. electronic certificate: As a kind of electronic certificate, the social security card is used to prove the rights and obligations of individuals in the social security system.

6. Information record: The social security card records the social security information of the cardholder, including basic old-age insurance, basic medical insurance and other social insurance information.

To sum up, depositing in the social security card can not only earn interest, but also enjoy deposit insurance protection. It is convenient and flexible to deposit and withdraw money without paying any handling fee.

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Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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.