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What are the interest rates for term deposit in Scheduled Bank?
Wiki User
∙ 12y ago
It depends on the tenure and the bank with which you want to open the term deposit or fixed deposit as they are commonly called in India.
· For deposits that are less than one year the rate of interest is around 6-7%
· For deposits that are one year or more the rate of Interest is around 8%
· For special deposits that are 5 year tenure, the rate of interest is around 9%
Add an extra 0.5% extra for senior citizens
Wiki User
∙ 12y ago
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What are cdrates?
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
Where can a person find certificates of deposit with high interest?
A person can find certificates of deposit with high interest from the following sources: Bank Rates, Bankaholic, My Bank Tracker, Money Rates, Ally Bank, to name a few.
What interest rates does HSBC Bank offer on certificates of deposit?
There is a very high interest rate on HSBC bank offer on certificates of deposit. This is because the bank could make more money for itself through collected interest rates.
What is the bank interest rates?
A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.
Where can I find high interest of bank certificates of deposit rates?
in alexandria louisiana
Where can one find lowest deposit interest rates?
There are many companies that offer lowest interest rates. Some of them are Bank of London, United Bank, Bank of Baroda, ICICI Bank, Bank of Montreal and may more.
Is there a bank better than Ally for high certificate of deposit interest rates?
There are many banks that offer competitive interest rates. You can check sites like Bankrate.com to compare interest rates
Will a bank certificate with my deposit rates come in the mail with my monthly statement?
Your monthly bank statement will include the current interest rates for your accounts. They will be posted along with your balances.
What is SunTrust Bank's current interest rate?
SunTrust Bank provides a number of different credit and deposit products having a variety of different interest rates. All interest rates provided by SunTrust are available on their website, a link to which is provided as a part of this answer.
Would a savings and loan bank provide high certificate of deposit interest rates?
In general, yes they would but every bank is different.
Where can you find the best CD interest rates?
CD rates refer to Certificate of Deposit rates. To find the best CD interest rates in your area, you should should speak to a financial adviser or contact your local bank representative.
Can a bank in India change the rate of interest during the currency of a term deposit with them?
No. The rate of interest on a term deposit (Fixed Deposit) cannot be changed during the duration of the deposit. For Ex: you deposit Rs. 10000/- on Jan 1st 2011 with a bank in India at 8% rate of interest for a period of 1 year. Even if the deposit rates change to let's say 7.5% a few weeks after that, the bank has to honor the commitment it has given to you at the time of opening the term deposit and it cannot change the rate of interest.
