Interest rates on savings bank accounts have been changed by private sector lender IDFC First Bank. The bank’s official website states that the new savings account rates are effective from July 20, 2022. In accordance with the revised version, IDFC First Bank now offers its savings account customers a rate of maximum interest of 6%.
Customers, who have a savings account at a post office, will now have to pay new fees for financial or non-financial transactions they make in a month. The new rule will take effect from Oct. 1, the post office said in a circular. The annual maintenance fee for post office ATM / debit cards from […]
STAMFORD — The parent company of Webster Bank, which recently completed its merger with Sterling National Bank, announced on Wednesday an agreement to acquire Bend Financial, a provider of cloud technology-based services for health savings accounts. Boston-based Bend will continue to operate and serve its customers as it does today, pursuant to the agreement. Over […]
Image source: Getty Images Rates are unlikely to rise any time soon. Here’s what you can do. Less than a year ago, it wasn’t hard to find high-yield savings accounts that offered 1.50% APY or more. Some had APYs above 2.00% APY. Now, thanks to the pandemic-induced recession, you’re lucky if you can find half […]