The Internal Resources Division has issued a notification announcing increased interest rates for five savings schemes managed under the National Savings Directorate.
These changes have been effective retroactively from 1 January.
Interest rates for these schemes now range from 12.25% to 12.55%, depending on the type of savings scheme, said the notification, issued on Wednesday (15 January).
The five schemes benefiting from the increased rates include the Family Savings Certificate, the Five-Year Bangladesh Savings Certificate, the Quarterly interest-Based Savings Certificate, the Pensioner Savings Certificate, and the Post Office Fixed Deposit.
According to the notification, investors in these savings schemes will be categorized into two tiers.
The first tier covers investments below Tk750,000, and the second tier encompasses investments above that threshold.
For the Family Savings Certificate, those investing up to Tk750,000 will receive an interest rate of 12.50%, while those investing more than Tk750,000 will earn 12.37%.
Adjustment in interest rates will remain effective for investments made between January and June of the current year, after which the rates will be reviewed again.
However, investors will continue to receive the interest rates applicable at the time of their initial investment for the entire tenure, even if new rates are introduced subsequently.
The notification clarified that interest rates for four schemes—the Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond, and the Post Office Savings Bank General Account—will remain unchanged.
