According to the accounting method of housing provident fund, the housing provident fund paid by employees bears interest on June 30th every year. The deposit interest rate of housing provident fund shall be set by the People's Bank of China. The housing provident fund paid in the interest settlement year (July last year 1 to June 30th this year) bears interest according to the deposit interest rate stipulated by the People's Bank of China, that is, the annual interest rate is 0.72%. The principal and interest of the housing provident fund carried forward from the previous year shall be calculated according to the three-month lump-sum interest rate of the People's Bank of China, that is, the annual interest rate is 1.7 1%. After the interest is settled on June 30th every year, the interest of housing provident fund will be transferred to the principal of housing provident fund, and the interest obtained will be merged into the principal interest. No interest tax will be levied on individual housing provident fund. I) Calculation method of time deposit interest The interest due on the fixed part is the amount carried forward from the previous year, that is, the amount carried forward in July 1 day (including interest), multiplied by the three-month lump-sum deposit and withdrawal rate 1.7 1%. That is, interest due at fixed term = balance of partial time deposits × three-month lump-sum interest rate = balance of partial time deposits × three-month lump-sum interest rate = 32,480.14×1.71%= 555.41yuan (2) Calculation of interest on demand deposits. Earned interest = accumulated daily product × current daily interest rate, that is, current interest = current deposit amount × days × current annual interest rate /360 days. First, use the amount of (interest settlement date-interest date) * to find the product corresponding to each deposit, then add all the deposits in the interest period (today's product), and finally multiply it by the current daily interest rate to get the current partial interest due.