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.