The government of Bangladesh has decided to raise interest rates on savings certificates, giving much-needed help to people with fixed incomes who are facing the challenges of rising inflation. Starting January 1, 2025, the new interest rates will be between 12.3% and 12.55% for different savings plans.
This change will affect popular savings options like the Bangladesh Savings Certificate, Sanchayapatra, Family Savings Certificate, and Pensioners’ Savings Certificate. The new rates will be linked to treasury bond interest rates, ensuring fairer returns for savers.
To keep up with the economy, the government will review these rates every six months and adjust them if needed. The goal is to ease the financial pressure on pensioners and middle-income families while encouraging more people to invest in government savings plans.
For many families, this news is a relief during tough times. It provides a sense of financial security to pensioners and others who depend on savings to manage rising living costs. This change not only helps individuals but also builds trust in government-backed savings plans, offering long-term stability for savers across the country.
Source: Business Inspection BD
