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What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby A K Rao » 30 Jul 2018, 03:49

In India we get rate of interest varying from 3.5% to 6% on savings accounts in bank. The Nationalized Banks are paying less interest than the Private Banks. While the Post Office pays not very lucrative interest on Savings accounts some Co -Operative Banks they pay good interest! What is the rate of Interest you get on your Savings Account by your Bank? Are you happy with it?
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby JASPREET » 30 Jul 2018, 04:50

Its very low in India but I am sure in other countries they don't pay any Interest rate to depositors
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby riddy09 » 30 Jul 2018, 05:10

I barely see, heard or talk in our area or even social networking sites about interest rates on banks. This only means we have small interest rate that it doesn't bother to know unless you have like millions of dollars deposited in the bank to make a difference.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby ahmedo24 » 30 Jul 2018, 06:38

Virtually all banks in my country pay interest on deposit but the interest rate is dependent on the amount Save and how long the money stays therr
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby JASPREET » 30 Jul 2018, 08:05

In India Interest rates are declining very quickly and we can assume it to be zero sometime very soon
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby cinderella » 30 Jul 2018, 08:47

We also have very low bank interest rates in our country. Some banks offer 2% while others are even lower. This is why it is not advisable to save in banks.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby sashenka » 30 Jul 2018, 10:49

In my country we get nothing. The rate of interest is so small here, that it's not worth to keep your savings in the bank, if you do it just for that.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby anorona » 30 Jul 2018, 14:48

The last time I check, you will only get less than 1% for the deposits you have, and you have to reach a specific amount of deposits before you can be eligible to benefit for interest.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby Alexandoy » 31 Jul 2018, 01:12

In the Philippines, keeping your money in the bank is like keeping it in a vault. Especially when your money is not in millions, the interest it earns in a year is less than 2% which is a pittance.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby skysnap » 31 Jul 2018, 09:23

Western nations have 1% or so on deposits. In asia, the rates are pretty much good.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby PsycheScribbles » 31 Jul 2018, 10:27

I think it is at 3.00%. It is not big though and I do not expect it to be. However, it is still better than saving money and coins in one's piggy bank.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby MaryVerma » 01 Aug 2018, 17:32

Now, only an insane person will put money in a bank in my country. But you know, we put 300 000 roubles (4.761 $) for 1 year in 2013 and got 20 000 roubles interest (318 $) from it
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby msmoneybags » 01 Aug 2018, 20:32

I belong to a credit union, and mine does not pay interest to my savings account. I think it does if you have $500 in it, but I dont
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby ahmedo24 » 01 Aug 2018, 21:23

If you have $100 you might be getting a interest of 2 to 3 % monthly which is insignificant so only very few notice it

--- 01 Aug 2018, 21:23 ---

If you have $100 you might be getting a interest of 2 to 3 % monthly which is insignificant so only very few notice it

--- 01 Aug 2018, 21:24 ---

If you have $100 you might be getting a interest of 2 to 3 % monthly which is insignificant so only very few notice it
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby Rational Mind » 01 Aug 2018, 21:50

Interest rate for saving accounts in our home country is between 3.5 to 13 percent. The higher interest rate is for fixed deposit savig account.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby kanchan18 » 18 Feb 2019, 18:13

Currently I have three savings account with three different bank. The earnings on three of them are absolutely different. My main account with a large corporate bank gives me 3.5% , the next a payment bank gives me 4% and the last one a small finance bank gives me 6%
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby augusta » 19 Feb 2019, 02:29

The rate of interest here from my bank is really appalling I know most times we just keep our money there for safety not because of the interest it will accrued.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby Chameli » 19 Feb 2019, 15:09

The interest rate varies depending on your account type. For a normal saving account, it will be between 3-8 percent per anum, however, for a fixed deposit saving account, it can be upto 13 percent.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby ceci » 22 Feb 2019, 13:55

A K Rao wrote:In India we get rate of interest varying from 3.5% to 6% on savings accounts in bank. The Nationalized Banks are paying less interest than the Private Banks. While the Post Office pays not very lucrative interest on Savings accounts some Co -Operative Banks they pay good interest! What is the rate of Interest you get on your Savings Account by your Bank? Are you happy with it?


Fixed term deposit rate can be up to 6%? We are getting a bout 4.5% only in Malaysia. I just help my daughter to set a fixed term deposit for only 4.38% per annum.
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Re: What Is The Rate Of Interest You Get On Your Savings In Bank?

Postby skysnap » 23 Feb 2019, 10:51

Chameli wrote:The interest rate varies depending on your account type. For a normal saving account, it will be between 3-8 percent per anum, however, for a fixed deposit saving account, it can be upto 13 percent.


Which is your country that it offers 13 percent of return on the fixed deposit? I have not seen that sort of thing for the deposit to work out.
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