The bookkeeping interest rate of personal account for endowment insurance means that the social insurance agency pays interest on the storage amount in personal account every year, and the interest rate used to calculate the storage interest of personal account is called the bookkeeping interest rate of personal account. According to China's social insurance law, the personal account of endowment insurance shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.

a simple understanding is that after you pay the endowment insurance money to the social security department every year, this money is not simply accumulated, and a small amount of interest will be generated according to the bookkeeping rate, which will be included in your personal account together.

the bookkeeping interest rate is different every year. Usually consider the following three aspects to determine: 1. Refer to the local average wage growth rate of employees in the previous year to determine; 2, according to the bank's resident time deposit interest rate; 3, according to the actual income of endowment insurance fund operation.

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