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All financial factors are related to one another. If one factor is changed, all other percentages automatically get affected. If the home loan interest rate is lowered by 2-3% per annum, it indicates that inflation has increased. So to control the situation RBI will increase the repo rate (the rate at which banks borrow money from RBI). This in turn, will force the banks to reduce the interest rate of fixed deposit.
What else can I help you with?
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
What is the definition of a term deposit rate?
The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.
Is the fixed deposit and term deposit same?
Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
What is the difference between fixed deposit and non convertible debenture?
fixed deposit has its fixed term, but debenture does not have any term. fixed deposit can be invested in eqty,debt or any other , but the debenture is debt only.
What is fixed deposit rates?
http://wiki.answers.com/Q/What_is_fixed_deposit_rates"
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
Where can someone find more information about a time deposit?
In the banking world, the term Time Deposit refers to a savings account or certificate of deposit that pays a fixed interest rate for a given period of time. In the United States, a time deposit is commonly referred to as a certificate of deposit, as a term deposit in Canada, Australia and New Zealand, a bond in England and a fixed deposit in India. One can find terms and interest rates at their local bank, or on internet comparison sites such as Bank Rate or Rate Brain.
Highest FD Interest Rates in Coimbatore?
A Fixed Deposit is a investment option where you can grow your capital at a high rate of interest for a period of time. In Kovai Tech Nidhi Limited, we provide the best interest rates for fixed deposits compared to the Bank interest rates for FDs. Our Fixed Deposits have a tenure of 1 to 5 year with highest FD interest rates. We give 12% per annum as FD Interest Rates for Individual Members and the best FD rates for senior citizens at 12.5% per annum. The safe and attractive regular income on the invested amount that makes the fixed deposit interest rate as an ideal match for all your short-term and long-term goals. Depositors can choose a wide range of Fixed Deposit scheme with maturity period ranging from 12 months to 60 months at competitive FD interest rates and with different features to suit the investment needs of each individual Members.
What is the definition of a term deposit rate?
The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.
Is the fixed deposit and term deposit same?
Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.
What are bank interest rates on fixed deposits in Kenya?
Bank interest rates on fixed deposits in Kenya can vary depending on the bank and the duration of the deposit. On average, rates range from 4% to 10%, with higher rates typically being offered for longer-term deposits. It is advisable to check with individual banks for their current rates.
What is meant by the term fixed deposit?
A fixed deposit is a financial product offered by banks and financial institutions that allows individuals to deposit a specific amount of money for a predetermined period at a fixed interest rate. During this term, the funds cannot be withdrawn without incurring a penalty. Fixed deposits typically offer higher interest rates compared to regular savings accounts and are considered a low-risk investment option. Upon maturity, the principal amount along with the accrued interest is returned to the depositor.
What are the benefits of opening a CD?
Opening a Certificate of Deposit (CD) can provide benefits such as higher interest rates compared to regular savings accounts, guaranteed returns, and a fixed term for your investment.
