The interim government has introduced a new system for calculating interest rates on various savings certificates to offer better returns amid rising inflation. Starting from January 1, 2025, the interest rates will be linked to the government’s treasury bond rates, providing a more dynamic and higher yield to fixed-income savers.
Under the new system, the five-year Bangladesh savings certificate will offer up to 12.4 percent interest for deposits up to Tk 7.5 lakh, with slightly lower rates for higher deposits. Similarly, other savings instruments like the three monthly profit-bearing Sanchayapatra, family savings certificate, and pensioners’ savings certificate will see adjusted rates ranging from 12.25 to 12.55 percent.
This adjustment is aimed at giving savers a more competitive return, ensuring they are shielded from the adverse effects of inflation. Additionally, the government has maintained stable interest rates for other savings instruments such as the wage earners bond, US dollar investment bond, and US dollar premium bond. This move is expected to provide a much-needed boost to the confidence of savers and strengthen the overall financial security for fixed-income groups.
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