The deposit interest for provident fund account is high, or is the interest for withdrawal and transferred to the bank? I have answered many times in the Q&A in the Q&A.
. Should the money in the provident fund account be placed in it with a high interest rate, or should the interest rate be withdrawn and deposited into the bank be high?
First of all, the answer is given to you: It must be that the interest rate is high when withdrawing it and depositing it into the bank.
Do you know what the interest rate of the provident fund account is?
1.5%
At that time, the provident fund you paid in that year can only be calculated based on the current interest rate.
interest can only be charged at an annual interest rate of 1.5% in the second year.
For example,
If you have 100,000 yuan in your provident fund account, even if it is calculated at an interest rate of 1.5%, the annual interest rate is 1,500 yuan.
does it feel okay? Not only will the unit pay you a portion every month, but you can also get 1,500 yuan in interest every year.
Don’t be too happy too early
You must understand one truth: people don’t manage their finances, and money doesn’t care about you
Do you know what the current fixed deposit interest rate of of the state-owned banks is?
Bank's current fixed deposit periods are 1 year, 2 year, 3 year and 5 year respectively.
annualized interest rates are 2.07%, 2.75%, 3.15% and 3.15% respectively. The interest rate for the
5 year is similar to that for the 3-year year, so there is no need to choose the 5-year period. It takes up too long and is not cost-effective.
.1 million yuan principal deposited in the bank. How much interest can I get every year?
If it is a one-year fixed deposit, the interest rate is 2.07%, and the interest rate of 100,000 yuan is 2,070 yuan.
If it is a 2-year fixed deposit, the interest rate is 2.75%, and the interest rate of 100,000 yuan is 2,750 yuan.
If it is a 3-year fixed deposit, the interest rate of 3.15% and the interest rate of 100,000 yuan is 3,150 yuan.
Some people may say that the fixed deposit interest rates of state-owned banks have been lowered.
Indeed, the fixed deposit interest rates of state-owned banks have been going down in recent years.
In 2019, when I deposited a fixed term in Industrial and Commercial Bank of China , the 3-year interest rate was still 4%.
In 2020, when I deposited a fixed term in Postal Bank , the 3-year interest rate had been lowered to 3.85%.
In March 2022, while continuing to deposit fixed deposits at the Postal Bank, the three-year fixed deposit interest rate reached 3.25%.
In April 2022, the three-year fixed deposit interest rate was lowered again, becoming 3.15%.
Even if the fixed deposit interest rate is reduced to 3.15%, it is 1.65% higher than the 1.5% interest rate of the provident fund account.
If it is a principal of 100,000 yuan, the interest rate for one year will be 1,650 yuan.
What other reason do you have to put your money in your provident fund account to eat dirt?
Is the interest on the bank withdrawn from the bank not more than the interest on your provident fund account?
If I still look down on the bank's fixed deposit interest rate, is there any profit that is higher than the bank's fixed deposit interest rate?
The answer is that there must be
with higher interest rates than bank fixed deposits, as well as bank insurance products and treasury bonds.
First of all, I don’t really recommend buying treasury bonds and bank insurance products.
Let’s first talk about the interest rate of treasury bonds
At present, the interest rates of treasury bonds of major banks can reach about 3.85% compared to the fixed deposit interest rate of 3.15%. Sometimes good luck may be 4%.
However, sometimes it’s not that I don’t buy treasury bonds, but that I can’t buy treasury bonds just by wanting to.
treasury bonds are really too little compared to the money in the hands of depositors;
treasury bonds are really too nervous compared to the freedom of fixed deposits of banks.
Once, in order to grab the treasury bonds of China Construction Bank, I prepared early, and kept my energy, and looked for the highest place on the Internet to wait, but I still didn’t buy it.
Although the interest rate of treasury bonds is higher than that of bank fixed deposits, it also has certain risks.
Treasury bonds are savings type and trading type.
savings treasury bonds, which are what we call voucher-type treasury bonds and electronic savings treasury bonds, have 3-year and 5-year, and the interest rates are higher than those of bank deposits.
's disadvantage is: if the deadline is not available, you can't withdraw the principal at all, even if you need money in urgent need, it may not work.
's advantages are: in addition to the interest rate high point, the interest on treasury bonds can be withdrawn in monthly, quarterly, half a year, or one year. Unlike banks, they can only wait until the interest rate and principal are withdrawn after maturity.
trading treasury bonds are actually bookkeeping treasury bonds . Just like a stock, the shorter term is March and June, and 10 or 20 years.
disadvantages are: self-profit and loss
advantages are: trading at any time, easy to purchase, no need to hold it to expire.
Overyone generally chooses savings treasury bonds, and the disadvantages of this treasury bond are also very obvious, and they are not free in using money.
Let’s talk about bank insurance products
Although I also bought bank insurance products, I regret it very much.
Bank insurance products, which bank is the craziest?
Hehe, Postal Savings Bank sells the most.
Then why do you have to go to his house to save money?
Because the fixed interest rate is also high for the Postal Savings Bank.
When introducing insurance products, ordinary staff will say that the interest rate higher than fixed deposits is higher than that of 4%, which is higher than the government bonds.
In 2020, my fixed deposit interest rate in the bank was only 3.85%. Why did I buy insurance products at that time?
was deceived, and the interest rate was as high as 4.5%.
must resist temptation and not be fooled.
The interest rate of insurance products is actually an expected interest rate, which is adjusted at any time as the market fluctuates.
The interest rates of insurance products in the past few years may reach more than 4.5%, but I dare not say that in recent years. I don’t have the expectation of very high interest rates for the insurance products in my hands. I just hope not to lose the principal.
Compared with the expected interest rates of bank insurance products, fixed deposit interest rates are a fixed interest rate. During your deposit period, no matter whether the interest rates of state-owned banks are raised or lowered, the interest rates will never change.
At the same time, insurance products also have many restrictions.
Generally, insurance products are 5 years. Within 5 years, you can't touch this money.
can also be withdrawn if you have to withdraw it, but you need to pay a certain proportion of management fees, which may cause your principal loss. The proportion of management fees of
is also different. Depending on the length of time, the longer the time, the lower the proportion of management fees.
This is really important
Because there are too many things within 5 years, maybe you will need money when it is necessary.
Even if you deposit it in the bank for 3 years, you urgently need money, and at most you can lose some interest. Calculated according to the current interest rate, your principal will not be reduced.
and insurance products are different.
is less than the withdrawal time, not only does it not only have low interest, but also requires deduction of management fees, which is really not worth the loss.
is here to focus on
The money in the provident fund account is not something you can withdraw if you want to withdraw it. It requires certain requirements.
Under normal circumstances, any of the following three conditions must be met:
1 is withdrawn after purchasing a house;
2 is withdrawn during decoration;
3 is withdrawn when renting a house.
The first situation: After purchasing a house, you can see clearly that it is withdrawn after purchasing a house, not when purchasing a house.
Some people want to withdraw the money from their provident fund accounts as down payment for a house purchase. This idea is good, but it is unrealistic.
Because the money from the provident fund account can only be applied to the unit after you purchase the house according to the purchase contract , which is generally withdrawn at 50% of the total house payment.
You want to use it as a down payment for a house purchase, how can you withdraw it without a house purchase contract?
The second situation: withdraw
during decoration. Now many units have rejected this condition, and the same is true for our unit.
Before, whether it was urban housing decoration or home renovation, as long as you submit a statement and issue a house certificate at most, you can withdraw it in a certain proportion.
now doesn't work
If you want to withdraw using the decoration conditions, you must have a formal decoration contract, and you can only withdraw it at a ratio of 30% of the contract price.
The key point is: Many people don’t find formal decoration companies when decorating, just a few relatives and friends can handle the contract, where can they get it?
At the same time, for the unit, this is not easy to judge, and there may be suspicion of embezzling provident fund, so there are few approvals.
The third situation: withdraw
When renting a house, withdrawal is actually a type of rent. You only need to provide a certificate of no house to collect it. However, compared with the above two types of provident fund withdrawn, the provident fund deposits withdrawn are very small, and are generally paid at a monthly standard of 1,500 yuan.
, except for the above three cases, is there no other way to withdraw
? Of course, there is
. You can withdraw it when you retire, and you can also withdraw it when you die, immigration, etc.
The biggest preferential policy for provident fund is not the money you withdraw, but the money you save.
Provident Fund Loan
Do you know what the Provident Fund Loan interest rate is?
3.25%
Do you know what the interest rate for a commercial loan is?
5.6% starts
Of course, many places are now downgraded in the loan ratio.
I use a provident fund loan, 500,000 yuan, the time is 20 years, and the loan is 3,400 yuan per month, and I need to repay 660,000 yuan in 20 years, which is equivalent to paying interest of 160,000 yuan. Is
.16 million yuan more than?
Look at how much interest you need to pay for a commercial loan?
is also 500,000 yuan. The monthly payment for commercial loans requires more than 4,500 yuan, which is 1,000 yuan more than the provident fund. In 20 years, 790,000 yuan will be required. The interest alone is paid 290,000 yuan, and the interest paid 130,000 yuan more than the provident fund.
Some people are saying that if the money from the provident fund account is withdrawn, will the snakeskin quota be reduced when the loan is borrowed?
This is also a real problem. The Provident Fund Management Center has a special calculation method to calculate the loan amount based on your balance.
However, I personally feel that this situation is relatively low, why do you say so?
Because the withdrawal of provident fund must be more than 12 months, most people who buy a house, especially our working class, will not say that they can buy it now, but they must look at this and that.
Pay provident fund on time every month. The amount of the loan is related to your working years and how much money you pay each month.
Overall, withdrawing provident fund is definitely more valuable than keeping it in the account. You cannot give up withdrawal because of false loans or something in the future.
If you have to withdraw the provident fund money, whether it is repaying the mortgage in advance, bank deposits, or purchasing bank insurance products or treasury bonds, these are all possible. Don’t touch these, as you may lose money.
The first is to play stocks; the second is to play funds; the third is physical business; the fourth is financing.
How do you consider whether to withdraw money from the provident fund account?
