State units and state-owned enterprises will purchase housing provident funds for their employees.

The housing provident fund is a savings housing fund contributed by employees. This part of the fund can be used to purchase a house or as a pension fund.

The housing provident fund contribution ratio generally cannot be less than 5%, and cannot be higher than 12%.

The interest rates of housing provident funds are determined according to different companies, and groups in different companies pay different proportions of housing provident funds.

Let’s take a look at whether the housing provident fund requires interest.

1. Is there interest? Yes.

2. Calculation formula: periodic interest due = periodic partial deposit balance × three-month lump sum deposit interest rate. Current interest = current deposit amount × number of days × current annual interest rate / 360-day housing provident fund. The accounting year is July 1 of the current year.

——On June 30 of the following year, interest will be settled on June 30 of each year.

Practical example: For example, an employee has paid housing provident fund since September 2011. The payment amount per employee is 500 yuan, plus the unit's 500 yuan, and the balance in the account will be 1,000 yuan every month until June 2023.

At the time of settlement on the 30th, there is a balance of 10,000 yuan in the employee's housing provident fund account. This 10,000 yuan will be calculated at the current current interest rate of 0.4%: interest for the year: 10,000*(0.4/100/12*10 months) = 33 yuan

The principal and interest for the year: 1000100=10033 yuan. From July 2011 to June 2023, the employee paid 12 consecutive months, and the monthly payment was still 500 yuan. If he paid 500 yuan to the unit, the monthly payment was still 1,000 yuan.

, when the provident fund interest is settled on June 30, 2023, the balance in the account is: 10,100 yuan last year, 10,000 yuan this year, settlement method: Step 1, the interest rate of 4,012 yuan last year based on three-month lump sum deposits (

2.85%) interest calculation: 10033*(2.85%)=285.94 yuan (interest), the sum of principal and interest is: 10033+285.94=10318.94 yuan.

Settlement method: In the second step, the current year's 4,800 yuan is calculated based on the current deposit interest rate (0.5%): 10,000*0.5%=50 yuan (interest), and the sum of principal and interest is 10,0050=10,050 yuan.

As of June 30, 2023, the balance in the employee's housing provident fund account is: 10318.94+10050=20368.94 yuan.

The interest of this 20,368.94 yuan will be calculated based on the three-month lump sum interest rate on June 30, 2023; the housing provident fund paid from July 2011 to June 2023 will be calculated based on the then announced rate on June 30, 2023.

Current interest rate settlement.

Summary: June 30 is the interest settlement point. If it is less than one year before this interest settlement point, the interest will be calculated according to the current interest rate. If it is more than one year ago, the interest will be calculated according to the three-month regular interest rate.