what is rate of interest your bank offers annually ?

Discussion in 'General Business' started by forumrating, Sep 21, 2007.

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  1. forumrating

    forumrating Notable Member

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    #21
    8% would be on long term deposit say for 2-3 yrs.
     
    forumrating, Sep 22, 2007 IP
  2. nickstan

    nickstan Peon

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    #22
    There is a defference between a fixed deposit and savings account. A fixed deposit account is on a contractual basis. if it's 1 year lock in period you won't be able to withdraw any money from your account within 1 year without being impose a penalty.

    While a savings account, you can just withdraw your money anytime you want. Thus the interest rate differs for both. Since you did say savings account, one would think you ask for what kind of interest rate one get from a saving account and not FD account. :)
     
    nickstan, Sep 22, 2007 IP
  3. Sohan

    Sohan Peon

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    #23
    I'm getting 5% a year, but switching to a 5% a MONTH account.
     
    Sohan, Sep 22, 2007 IP
  4. paulo_aiello

    paulo_aiello Active Member

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    #24
    something near 8.5% in Brazil
     
    paulo_aiello, Sep 7, 2008 IP
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