Job Recruitment Website - Social security inquiry - Is there any interest on saving money with social security card?
Is there any interest on saving money with social security card?
Social security card includes two accounts: medical insurance account and financial account, in which the interest of medical insurance account is calculated according to the current interest of the bank. The financial account of social security card, like ordinary bank card, will calculate the interest according to the deposit type. Interest is calculated according to the current interest rate listed in the bank on that day, and time deposits are calculated according to the agreed deposit rate.
According to the Social Insurance Law of People's Republic of China (PRC), individual accounts are not allowed to be withdrawn in advance, and the bookkeeping interest rate is not lower than the bank time deposit interest rate, and interest tax is exempted.
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