Banks are revising their savings account interest rates after RBI cut the repo rate by 25 bps during its monetary policy meeting earlier this month. Following the RBI's repo rate cut, ICICI Bank, HDFC ...

If you want to avoid uncertainty and preserve the rate in your mortgage loan offer, get a mortgage interest rate lock. Interest rate locks can offer peace of mind to borrowers, but they are not ...

Choosing between a fixed and floating interest rate for your loan can significantly impact your financial stability and planning. Understanding the benefits and drawbacks of each can help you make ...

One of the constant demands of business borrowers is the lowering of the interest rate. A high interest rate is supposedly a disincentive to investment. Let us look at the composition of the ...

Everybody knows what an interest rate is—it’s effectively a percentage of an amount over a year. If your savings account earns you a 0.05% interest per year (which is a really terrible interest rate, ...

The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times ...

Wondering what’s in store for interest rates? Rate cuts are on pause for now, but we think that’s only temporary. We expect a further 2 percentage points in cuts to the federal-funds rate by ...

Commissions do not affect our editors' opinions or evaluations. According to FDIC data, the average interest rate on savings accounts is currently 0.41%. That rate is much higher than it was prior ...

High-interest savings account (HISA) HISA rate EQ Bank Personal Account* 1.25% to 4.00% EQ Bank Notice Savings Account* 3.00% with 30 days’ notice (or 2.85% with 10 days’ notice) Saving $ ...

But even in this high-rate environment, you’ll be hard-pressed to find a widely available savings account that gives you a 7% annual percentage yield (APY). A 7% interest savings account is a ...