Individual contributions of endowment insurance are included in individual accounts, and interest is calculated every year according to national regulations, and interest rate is required when calculating interest.

the bookkeeping interest rate of the personal account of the basic old-age insurance is calculated according to the current period in the current year and the one-year fixed interest rate of the bank in previous years.

according to the State Council's notice on deepening the reform of the old-age insurance system for enterprise employees (Guo Fa [1995] No.6), the individual accounts of basic old-age insurance are recorded on a monthly basis, and can only be collected after the employees who have established individual accounts have reached the national legal retirement age and gone through retirement procedures. Therefore, the balance of personal accounts, like bank deposits, should earn interest on a monthly basis, and the bookkeeping interest rate of individual accounts of basic old-age insurance is specially stipulated for the individual accounts of basic old-age insurance stored in social insurance agencies. According to the provisions of the two implementation methods of combining social pooling and individual accounts for enterprise employees' basic old-age insurance, the determination of bookkeeping interest rate mainly refers to the following three aspects: < P > First, it is determined by referring to the local average wage growth rate of employees in the previous year;

second, it is determined according to the resident time deposit interest rate of the bank;

third, it is determined according to the actual income from the operation of the endowment insurance fund.

Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.