What is a money Maximizer?
What is a money Maximizer?
With Money Maximizer, you will earn more interest than with traditional bank accounts and many short-term GICs or money-market funds. The interest earned with Money Maximizer is based upon posted rates which change from time to time without notice.
How does HDFC money Maximizer work?
MoneyMaximizer allows you to create a Fixed Deposit that is linked to your Savings Account. Using this facility ensures that you will earn more with higher interest rates, maximizing your earnings potential. You can earn more interest when compared with the interest in a Savings Account.
What is the interest rate on money Maximiser?
Money Maximiser
| Amount | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R100 000+ | 4.55% | 4.65% |
What is the interest rate at FNB Maximizer?
5.80% Earn a money market fund related rate, plus your capital and quoted returns are fully guaranteed.
What is FD interest rate in HDFC?
HDFC bank’s new interest rates for Fixed Deposit (FD) are applicable from April 20, 2022.
| Tenor Bucket | ||
|---|---|---|
| 9 mnths 1 day | 4.40% | 4.90% |
| 1 Year | 5.10% | 5.60% |
| 1 year 1 day – 2 years | 5.10% | 5.60% |
| 2 years 1 day – 3 years | 5.20% | 5.70% |
Which bank has best auto sweep facility?
Bank of Baroda is one of the leading public sector banks of India that provides the facility of Auto Sweep In and Sweep Out facility to the customers with its Super Savings Account. With this facility, customers can utilize their extra amount in their savings account into the Fixed Deposit for a period of 81 days.
What is FNB money Maximiser interest rate?
Money Maximiser
| Amount | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R100 000+ | 4.60% | 4.70% |
What bank has the highest interest rate on money market in South Africa?
The first place goes to Standard Bank, which offers a nominal interest rate of 9.05 percent on a 60-month fixed deposit. 9.43 percent is the effective interest rate. One must hold their money for 60 months in order to receive 9.43 percent interest on their investment.
Which bank gives double the money?
The CENT Double Deposit scheme is a special fixed deposit scheme which doubles the amount (deposit) in around seven-and-a-half-years (at the time of original launch) for the benefit of customers. Launched in 2001, Central Bank of India has since remodelled the Cent Double Deposit scheme.