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Whether it's an emergency fund, holiday stash, or rainy day nest egg, keeping your money in savings account is a good idea. Your cash stays out of sight, and you can earn some interest that adds up...
After a few months of decline, the proportion of current and saving account deposits has been "stable" for Kotak Mahindra Bank in the December quarter, a senior executive said on Thursday. On deposit rates and what the account holders should expect, the lender's head of distribution and retail liabilities, Puneet Kapoor, said, "we are in a higher interest rate regime and just a few days ago, went for a 0.05 per cent increase".
Bank customers have been getting one of the lowest interest rates on deposits specially on smaller deposits held in their saving account often in the range of 2.7% to 3%. These rates have largely remained stagnant despite a 2.5% hike in repo rate. As per media reports RBI has been uncomfortable with this and hinted banks to raise the rates. On the other hand, the interest rate on post office saving account has remained unchanged at 4%. Will the central bank push lead to an overall rise in interest rate on saving bank account?
In one of his latest videos, financial guru, attorney, and entrepreneur Jaspreet Singh explained that, "Wealthy people don't just keep all of their cash in one bank account. They have designated money...
More than half of Americans say they feel behind on their retirement savings, according to Bankrate. Here's are some tips to get ahead.