Marketplace

Why are bank deposits up, when interest rates are down?

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.

Open a Certificate of Deposit (CD) in 5 Easy Steps

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 Japan Times

Four major Japanese banks to hike ordinary deposit interest rates

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.

Allahabad HC bars banks from cutting fixed deposit rates after issuance, even post merger

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,
Feedback