The government has cut the interest rate on savings certificates and wage-earner bonds by 1 to 3 percentage points
The new interest rates will be applicable for investments over Tk15 lakh for both individual and institutional investors.
For investments below Tk15 lakh, the investors will get the existing interest rate, which is 11.28 per cent.
However, the interest rate will be 10.30 per cent instead of 11.28 per cent for five years savings certificates over Tk15 lakh.
If it goes above Tk30 lakh, the interest rate will be further reduced to 9 per cent.
For Tk30 lakh and above, the interest rate will be 9.33 per cent and above Tk50 lakh, 8.4 per cent.