The housing provident fund is deposited in the account and bears interest.

Because the housing provident fund is equivalent to a bank account, funds can be deposited and withdrawn, so there is interest. The money deposited in the employee housing provident fund account belongs to the employee personally. After retirement, the account can be closed based on relevant information to withdraw the account balance.

.

Employees' provident fund accounts generally calculate interest on June 30 of each year. The interest calculation period is from July 1 of the previous year to June 30 of this year. The interest rate is based on the bank's regular one-year deposit interest rate, and the calculated interest is included in the personal account.

Provident fund account balance.

The Chinese government stipulates that if the provident fund is not used as a deposit, you can enjoy interest. The current interest rate on provident fund deposits in my country is as follows: the annual interest rate for deposits paid in the current year is 0.35%, and the annual interest rate for deposits carried over from the previous year is 2.35%.