answersLogoWhite

0

The average interest rate paid on savings accounts in India has been around the 3% mark for many years. However, recently it was hiked to be 4% in India which is the highest of any interest offered on savings accounts by banks in the world.

So, my guess is that it should have been 3 or 3.5% in 1986.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Finance

What are the implications of post-1986 contributions on retirement savings accounts?

Post-1986 contributions to retirement savings accounts have important implications for individuals' tax liabilities and withdrawal rules. These contributions are subject to specific regulations and can affect the amount of taxes owed upon withdrawal. It is crucial for individuals to understand these rules to effectively plan for their retirement and minimize tax consequences.


How much is a 100.00 bond worth from 1986?

The value of a $100 bond from 1986 depends on several factors, including the type of bond (e.g., savings bond, corporate bond, government bond) and prevailing interest rates. If it's a U.S. savings bond, you can check its current value using the U.S. Treasury's website, as these bonds accrue interest over time. However, if it's a corporate or municipal bond, its worth would depend on current market conditions, credit quality, and interest rates. Generally, bonds may also be traded at a premium or discount based on these factors.


How much is a fifty dollar savings bond wortht hat was bought in 1986?

The value of a $50 savings bond purchased in 1986 depends on the type of bond it is. For example, a Series EE bond issued in 1986 would have a value based on its interest accrual and would likely be worth significantly more than its face value today, potentially around $150 to $200, depending on the specific terms and when it was cashed. To get an exact value, you can use the U.S. Treasury's bond calculator or check with a financial institution.


What Year did the credit interest deduction end?

1986


What is the value of a fifty dollar United States savings bond issued in 1986?

i think most savings bonds reach full value at 30 years. so yours would be worth about 30 or 35 dollars

Related Questions

What is the value of a US postal saving bond?

U.S. Postal Savings Bonds were once a popular savings option, allowing individuals to invest in government-backed securities. However, the program was discontinued in 1986, and existing bonds continue to earn interest until they reach maturity or are redeemed. Their value depends on the original investment amount, interest accrued over time, and the specific terms of the bond. For current savings options, individuals should consider other government securities like U.S. Treasury bonds or savings accounts.


What are the implications of post-1986 contributions on retirement savings accounts?

Post-1986 contributions to retirement savings accounts have important implications for individuals' tax liabilities and withdrawal rules. These contributions are subject to specific regulations and can affect the amount of taxes owed upon withdrawal. It is crucial for individuals to understand these rules to effectively plan for their retirement and minimize tax consequences.


How much is my EE series savings bond for 100.00 purchased on march 5 1986 worth today?

To determine the current value of your EE series savings bond purchased for $100 on March 5, 1986, you'll need to check the U.S. Department of the Treasury's savings bond calculator or refer to the specific bond's interest rates and terms. EE bonds issued before May 1995 earn interest at a fixed rate, and they also earn interest for 30 years. Generally, bonds from that era have appreciated significantly, potentially being worth several hundred dollars today, depending on the specific interest rate and compounding.


When was BPI Direct Savings Bank created?

BPI Direct Savings Bank was created in 1986.


When did Hong Nin Savings Bank end?

Hong Nin Savings Bank ended in 1986.


How much is a 100.00 bond worth from 1986?

The value of a $100 bond from 1986 depends on several factors, including the type of bond (e.g., savings bond, corporate bond, government bond) and prevailing interest rates. If it's a U.S. savings bond, you can check its current value using the U.S. Treasury's website, as these bonds accrue interest over time. However, if it's a corporate or municipal bond, its worth would depend on current market conditions, credit quality, and interest rates. Generally, bonds may also be traded at a premium or discount based on these factors.


How much is a fifty dollar savings bond wortht hat was bought in 1986?

The value of a $50 savings bond purchased in 1986 depends on the type of bond it is. For example, a Series EE bond issued in 1986 would have a value based on its interest accrual and would likely be worth significantly more than its face value today, potentially around $150 to $200, depending on the specific terms and when it was cashed. To get an exact value, you can use the U.S. Treasury's bond calculator or check with a financial institution.


What Year did the credit interest deduction end?

1986


What was average home price 1986?

$100000


What is the value of a fifty dollar United States savings bond issued in 1986?

i think most savings bonds reach full value at 30 years. so yours would be worth about 30 or 35 dollars


Who bought National Permanent Bank?

Type your answer here... National Permanent Savings Bank was purchased by the then Citibank (now Citigroup) in 1986.


What was the Dow Jones average in 1986?

7500