The interim government has initiated an increase in profit rates on savings certificates. According to the new decision, the profit rates will rise by at least 1%. However, investors with investments of up to Tk 7.5 lakh will receive slightly higher profits.
This information was revealed on Thursday (January 9) through sources from the Ministry of Finance.
It has been reported that the Chief Adviser, Dr Muhammad Yunus, has approved the proposal to revise the profit rates of national savings schemes. The Internal Resources Division of the Ministry of Finance will soon issue a notification.
According to the Ministry of Finance, the new profit rates on savings certificates will be effective from January 1. The rates will be determined based on the average interest rates of 5-year and 2-year treasury bonds (calculated from the last six months' auction results). However, a premium of up to 50 basis points will be added for investments up to Tk 7.5 lakh. This means slightly higher profits for investments up to this amount.
Using the new method, the government has determined the potential profit rates on savings certificates for the period from January to June.
Under this system, the profit rate for 5-year savings certificates for investments up to Tk 7.5 lakh will be 12.40%. For investments exceeding this amount, the profit rate will be 12.37%. Currently, the profit rate for 5-year savings certificates is 11.28%.
For 3-year savings certificates, the potential profit rate for investments up to Tk 7.5 lakh will be 12.30%. For investments exceeding this amount, the profit rate will be 12.25%. Currently, the profit rate for this scheme is 11.04%.
Once the new notification is issued, the profit rate for 5-year pensioner savings certificates for investments up to Tk 7.5 lakh will be 12.55%. For investments exceeding this amount, the rate will be 12.37%. Currently, the profit rate for this scheme is 11.76%.
