The Base Rate, which is anchored to the US Federal Reserve’s IORB, signals the general stance of monetary policy and provides an effective floor for overnight money market interest rates in the UAE.

According to the bank's updated FD rate chart, general customers will now earn between 3.50% to 7.10% on FDs ranging from 7 days to 10 years.The highest rate of 7.10% is being offered for a 390 ...

The interest rate of housing loans offered by the bank now starts at 7.90 per cent, while the vehicle loan begins at 8.20 per cent per annum. The rate revision is effective from April 12 ...

If history is any guide, lower interest rates lead to higher crypto prices, while higher interest rates lead to lower crypto prices. Bitcoin is typically one of the biggest beneficiaries of lower ...

The 360 account will offer a maximum effective interest rate of 6.3 per cent a year on the first $100,000, down from 7.65 per cent. To earn the revised rate, a depositor has to credit his salary ...

“We have also retained the eligible balance of $150,000 to earn the highest effective interest rate,” she added. Still, it is the second year in a row that UOB has cut rates on its One Accoun ...

Earlier in March, OCBC announced it would cut rates on its 360 Account in line with prevailing market conditions. From May 1, the maximum effective interest rate for the 360 Account will be cut to 6.3 ...

This translates to a maximum effective interest rate of 3.3 per cent, based on a notice posted on its website on Tuesday (Apr 1). These rates are down from the current range of 3 per cent to 6 per ...

A year. But when it comes to bank loans, you often see 2 interest rates: the advertised interest rate, and something called effective interest rate, or EIR. So why are there 2 interest rates? And what ...

Here's our realistic summary: Savings account and the 2 best requirements you can fulfil Effective interest rate on first $50,000 Your earnings on first $50,000 Citi Wealth First Account Save $ ...

The Federal Reserve held interest rates steady on Wednesday. It comes amid economic uncertainty with Trump's trade policies. The Fed is still expected to cut interest rates later this year.

The Federal Reserve took a wait-and-see approach to an uncertain US economy Wednesday, opting to leave interest rates unchanged at the close of its March meeting. That decision leaves the ...