term deposits

FD interest rates: Union Bank’s 333-day fixed deposit offers up to 8.15%; check details here

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FD interest rates: Union Bank’s 333-day fixed deposit offers up to 8.15%; check details here

When you are looking for bank fixed deposits (FD), one factor to consider is the highest rate of interest offered by different banks. The general thumb rule is that banks tend to offer higher interest rates for long-duration deposits and lower rates for shorter duration. For instance, a five-year FD will offer a higher interest … Read more

As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

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As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points … Read more