For agriculture, NIB and Republic Bank offered the highest interest rate of 34.8% and 33.5 – 34.2% respectively, while NIB, again, and CAL Bank offered the expensive loans at rates of 29.5 – 34.3% and 29%, respectively in the agriculture and manufacturing sectors.
Which bank is best for savings in Ghana?
Top Banks in Ghana
- The top banks in Ghana are:
- GCB Bank Limited. …
- Ecobank Ghana (EBG) …
- Zenith Bank of Ghana. …
- Barclays Bank of Ghana. …
- Agricultural Development Bank. …
- uniBank Ghana. …
- Société Générale Ghana Ltd.
What is the current Bank of Ghana interest rate?
Which bank is paying the highest interest rate on fixed deposit?
Fixed Deposit Interest Rates by Different Banks
|ICICI Bank||7 days to 10 years||4% to 7.25%|
|Punjab National Bank||7 days to 10 years||5.70% to 6.85%|
|HDFC Bank||7 days to 10 years||3.5% to 7.40%|
|Axis Bank||7 days to 10 years||3.5% to 7.25%|
Which bank in Ghana has the lowest loan interest rate?
GCB Base Rate Is The Lowest – GCB Bank Limited.
What is the safest bank in Ghana?
Global Finance has named GCB Bank Limited as the Safest Bank in Ghana. Of the 33 banks in Ghana only GCB is mentioned in the release which also identified safest commercial and emerging markets among others.
What is the highest paying job in Ghana?
Top 10 Highest Paying Jobs in Ghana
- Procurement. …
- Account management. …
- Project management. …
- Professional Teaching. …
- Operations management. …
- Marketing. …
- Blogging. Blogging is one of the top jobs youths engage in worldwide. …
- Engineering. Engineers all over the world are known as reputable people because frankly speaking, it takes a whole lot to be an engineer.
What is the current overnight interest rate?
Overnight Federal Funds Rate is at 0.06%, compared to 0.06% the previous market day and 0.06% last year. This is lower than the long term average of 4.68%.
What was the interest rate in January 2020?
The 7520 rate for January 2020 remained at 2%.
Which is better Bank FD or Post Office FD?
Post Office Time Deposit
Term deposit schemes of the post office are equivalent to bank FDs. … It currently gives an interest rate of 5.5 per cent on a one-year time deposit for three years. The Post Office proposes an interest rate of 6.7 per cent on a five-year term deposit.
How can I get maximum return from fixed deposit?
The Ideal Combination of High Returns with Low Risk
- Invest in corporate fixed deposits rather than bank fixed deposits. …
- Do your research on who is giving the best FD returns. …
- Choose the cumulative option for interest payment frequency. …
- Take the ladder investment strategy to ensure liquidity.
Is Yes Bank FD 2020 Safe?
Safety of Yes Bank Deposits : Yes Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC. Loan against FD : Yes Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
Which bank has the lowest interest rate?
The major bank with the lowest interest rate for a personal loan is Barclays, at 5.74%. Other notable banks with low personal loan rates include HSBC (5.99%) and PNC (5.99%).
What is the interest on a 10000 loan?
Your monthly payment on a personal loan of $10,000 at a 5.5% interest rate over a 1-year term would be $858. You would pay $300 in total interest over the life of this loan.
What is the basic interest rate?
It’s also referred to as ‘bank rate’, ‘interest rate’ or ‘base rate’. The base rate is the interest rate that banks and lenders pay when they borrow from the Bank of England. … It influences most interest rates, including savings accounts, credit cards, loans and mortgages.