The government has once again re-fixed the interest rates for savings certificates for the second half of 2025, six months after introducing this trend in January this year.
The government has reduced interest rates on key national savings certificates by up to 57 basis points, effective Tuesday.
The profit rate will be revised six months after this order takes effect since the government has decided to revise the interest rate on savings certificates every six months.
It had previously announced rates in January for the next six months.
The Finance Ministry said investors will receive the rate applicable at the time of purchase for the entire tenure.
In other words, the initially issued rate will remain unchanged throughout the investment period.
Only those who purchase Savings Certificates on or after July 1, 2025, will fall under this revised rate structure.
In the case of reinvestment, the interest rate applicable on the date of reinvestment will be applied.
Breakdown and interest
The Internal Resources Division of the Ministry of Finance issued this new circular on 30 June.
Like last time, it is following two different investment ranges for the payment of profit of the National Savings Scheme, with the first investment category up to Tk7.5 lakh and the second investment category exceeding Tk7.5 lakh.
The five-year Bangladesh Savings Certificate will now give interest of 11.83% for investments up to Tk7.5 lakh and 11.80% for amounts above that, payable at maturity after five years. Previously, the rates were 12.40% and 12.37%, respectively.
For the three-month profit-bearing savings scheme, the rate will be 11.82% for investments up to Tk7.5 lakh and 11.77% for higher amounts, payable at maturity after three years. Previously, the rates were 12.30% and 12.25%, respectively.
The Pensioner Savings Certificate will now carry an interest rate of 11.98% for investments up to Tk7.5 lakh and 11.80% for higher amounts, payable at maturity after five years. Previously, the rates were 12.55% and 12.37%, respectively.
The Family Savings Certificate will offer 11.93% at maturity for investments up to Tk7.5 lakh and 11.80% for amounts above that, payable at maturity after five years. Previously, the rates were 12.50% and 12.37%, respectively.
The Post Office Savings Bank Term Account will now carry an interest rate of 11.82% for investments up to Tk7.5 lakh and 11.77% for higher amounts, payable at maturity after three years. Previously, the rates were 12.30% and 12.25%, respectively.
However, the existing interest rate for four types of schemes—Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond general accounts under the Post Office Savings Bank—will remain unchanged.