If the interest on savings deposits
becomes a bit more attractive, a substantial part will make its way in the banking system.
DFAS will post the savings deposit
balance of active-component members to their Leave and Earnings Statement.
The bank association's role in determining the savings deposit
rate ceiling will be abolished in July, when the final stage of rate deregulation is implemented, lifting the remaining rate rules and allow individual banks to set their own rates on all types of deposits.
Demand deposits are mostly sourced from businesses and individuals, while time and savings deposits
are sourced from government entities.
In May the political crisis dealt its first blow to savings deposits
. According to the latest statistics of the National Bank of Macedonia, savings deposits
totaled 4.6 billion euros and a decline in the overall deposit base of 48 million euros was registered in relation to April.
ISTANBUL, Sep 29, 2009 (TUR) -- Turkey's Savings Deposit
Insurance Fund (TMSF) was awarded by International Association of Deposit Insurers (IADI).
"We have absolutely no pressures, as denar savings deposit
are on the rise at the expense of the declining euro savings deposits
," Governor Bogov said in his Sunday interview with Radio Free Europe.
Bankers want the Government to postpone the introduction of the 15 percent tax rate on time savings deposit
interest exceeding 15,000 denars not for 2020 but until Macedonia joins the EU.
It would reportedly allow customers of the bank to have the highest savings deposit
rate in the city.
RAKBANK has announced the launch of its new savings deposit
account called 'Recurring Deposits', that offers easy access to customers' funds, guaranteed principal, and the ability to earn up to 2.5 percent interest on their savings.
RAKBANK announced the launch of its new savings deposit
account called Recurring Deposits that offers easy access to customers' funds, guaranteed principal, and the ability to earn up to 2.5 per cent interest on their savings.
It many be mentioned here that the finance division had held a meeting with Senior Joint Secretary (Budget) in chair to discuss the proposed amendments in National Savings Deposit
Account Rules, Post Office Saving Bank Rules and Defence Savings Certificate Rules in pursuance of the Sindh High Court and recommendations of this Committee of Senate.