Adjustment of Tax Savings Bond Interest Rates

On October 3, the tax administration announced that, starting from October 6, 2025, the annual interest rate for tax saving bonds will change from the current 0.3417% to 0.2583%. Under the new rate, you can earn 0.0215 yuan in interest per 100 yuan each month.

The interest on tax saving bonds is calculated using simple interest. Interest accrues from the purchase date until the date the bond is used to pay tax, calculated monthly, and interests can be earned proportionally for periods less than a month. Interest is only calculated when the bond is used to pay tax. If the principal value of the bond is returned to its holder, no interest is paid.

The interest rate for tax saving bonds is based on the average 12‑month fixed‑term deposit rates for deposits of 100,000 to 499,999 yuan at three issuing banks, reviewed monthly.

The new rate applies to all bonds purchased on or after October 6, 2025. Bonds purchased before that date will still use the rate in effect on the purchase date. The following table shows recent rates:

• Bonds purchased on or after June 3, 2024 but before October 7, 2024: annual rate 0.8833%
• Bonds purchased on or after October 7, 2024 but before November 4, 2024: annual rate 0.8000%
• Bonds purchased on or after November 4, 2024 but before December 2, 2024: annual rate 0.7167%
• Bonds purchased on or after December 2, 2024 but before January 6, 2025: annual rate 0.5500%
• Bonds purchased on or after January 6, 2025 but before February 3, 2025: annual rate 0.4250%
• Bonds purchased on or after February 3, 2025 but before October 6, 2025: annual rate 0.3417%
• Bonds purchased on or after October 6, 2025 until further notice: annual rate 0.2583%

Bonds will stop earning interest after 36 months.