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Last June, for example, Monti fined eight Austrian banks $134 million for price fixing deposit interest rates among themselves, much to the detriment of consumers.
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Even my wife — she works as an unskilled laborer, but she has a fixed deposit.
Return Ratios: A stock should earn you more than fixed deposit rates.
SavingGlobal launched in early 2014 to enable German savers to access the best fixed deposit rates in Europe, not just from banks in their home country.
SavingGlobal launched, six months ago, is platform to enable German savers to access to the best fixed deposit rates in Europe, from the comfort of their browsers.
The rates were as follows: National Bank, fixed deposit of 7% pa and mortgage of 25%, NBS Bank fixed deposit 10%and25%5% mortgage, Opportunity International Bank, fixed deposit 10% and no mortgage product and Stanbic Bank, 8% fixed deposit and no mortgage rate at the time of study.
17 A 3% discount rate was used to calculate the cost of depreciable assets and the interest rate on the 1-year government bank fixed deposit rate was used to calculate the opportunity cost of land.
And even though they do build hospitals and schools, they hoard most of their substantial wealth in fixed deposits.
According to the Economic Times, an Indian newspaper, the auditor says it verified Satyam's fixed deposits with the banks that held them.
Many hold long-term fixed deposits in these banks and would suffer interest rate penalties for withdrawals, leaving them with little choice but to stay put.
Mr. Srinivas said he had suspected that something was wrong when the company was late with bills, but he said he had been forbidden by Satyam's chairman and managing director from using fixed deposits to pay them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com