How to calculate the social security interest rate

Social Security Interest: Cumulative amount of personal account at the end of this year = Cumulative amount of personal account at the end of last year multiplied by 1+ bookkeeping interest rate of this year+principal of bookkeeping amount of this year+interest of bookkeeping amount of this year.

The basic old-age insurance personal account storage amount is calculated according to the "pension fund interest rate". The "rate of maintaining the value of pension funds" is determined according to the resident time deposit interest rate of the bank and with reference to the local average wage growth rate of employees in the previous year. How much to pay, everyone's base is different, and the calculation is different. Among them, the housing provident fund stored in the current year is calculated at the interest rate of current savings deposit, and the storage principal and interest of the housing provident fund carried forward from the previous year is calculated at the interest rate of lump-sum deposit and withdrawal for three months, and the interest is settled on June 30 every year.

Social security card 1 year deposit interest rate 2. 1%. If it is handled at the bank counter, the one-year deposit interest rate of social security card is 2.25%, which is 0.1%higher than the one-year annualized interest rate of large deposit of 2. 1%. For the same one-year time deposit product, instead of using the social security card, we use the savings card we usually use to handle the deposit: moreover, we handle the one-year time deposit at the deposit machine with an annualized interest rate of 1.75%, and the annualized interest rate at the bank counter is about 2%.

To sum up: because the social security fund is a special fund, it is not allowed to carry out any financial management and investment, including bank time deposits, and the social security fund puts liquidity and safety first.

Legal basis:

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

Article 46

If an employer or individual fails to pay social insurance premiums in full and on time, interest will be charged on the social insurance premiums owed according to the loan interest rate announced by the People's Bank of China for the same period.

Measures for the administration of collection and payment of social insurance premiums

Article 36

If the employer and the insured fail to pay the social insurance premiums in full and on time, the social security agency will charge interest on the social insurance premiums owed according to the loan interest rate announced by the People's Bank of China for the same period. Central bank loan interest rate in the same period. According to the above laws and regulations, the interest rate for paying social insurance premiums depends on the loan interest rate announced by the People's Bank of China for the same period. That is, the loan interest rate during the period of paying social insurance premiums is generally around 6%.