Bank deposits have been increasing for more than a year, according to the FDIC. While that could let banks make more loans, many banks are being cautious.

Learn how to open a Certificate of Deposit (CD) in easy steps. Compare providers, choose your CD type, submit an application, fund your CD, and maximize your interest returns.

The four banks are MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and Sumitomo Mitsui Trust Bank. The interest rates will rise to the highest levels since 1993 for MUFG Bank, Sumitomo Mitsui Banking and Sumitomo Mitsui Trust Bank.

In the case, PNB lowered the contracted interest rates on certain FDRs from 10.75% to 9.25% and from 10.25% to 8.25%. The affected depositors, including the family of a retired bank employee, challenged the move,

HDFC Bank, India’s largest private sector bank, has announced a reduction in fixed deposit (FD) interest rates, delivering a setback to millions of depositors. The move comes in the wake of the Reserve Bank of India’s (RBI) recent decision to lower the repo rate,