- The interest amount calculated is rounded off to the nearest rupee. With effect from March 30, 2016, interest will be paid quarterly in March, June, September and December. With effect from 4th June 2020, the savings account interest rate applicable would be.
- Revision of interest rate on Term Deposits w.e.f The interest rate applicable for “Deposit/s of above ₹ 5 crore” and approval for acceptance of such deposit/s shall be obtained from Treasury Branch.
Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives. In case of High Value Deposit ( 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
Pursuant to Connecticut General Statutes § 36a-26, the Commissioner has determined the deposit index for the calendar year 2021 to be 0.08%.
Interest Rates for Calendar Year 2021 | ||
Account | Statutory Reference | Interest Rate |
Rental Security Deposits | 47a-21(i) | 0.08% |
| Claims for property, funds, or money delivered to the State Treasurer | 3-70a(e) | 0.08% |
| Mortgage escrow accounts | 49-2a (section requires that the interest rate be not less than the deposit index, rounded to the nearest one-tenth of one percentage point) | 0.10% |
| Public service company, certified telecommunications provider and electric supplier customer security deposits | 16-262j(c) (section requires that the interest rate be not less than the higher of the deposit index, rounded to the nearest one-tenth of one percentage point, or 1.5%) | 1.5% |
Maybank Fixed Deposit Interest Rate
Previous Interest Rates for rental security deposit and claims for property, funds, or money delivered to the State Treasurer; public service company, certified telecommunications provider and electric supplier customer security deposits; and mortgage escrow accounts.
Fixed Deposit Interest Rate
Previous Deposit Indexes
Deposit Interest Rate Definition
The deposit index for calendar year (CY) 2020 is 0.15%; for CY 2019 is 0.15%; for CY 2018 is 0.09%; for CY 2017 is 0.08%; for CY 2016 is 0.08%; for CY 2015 is 0.08%; for CY 2014 is 0.09%; for CY 2013 is 0.11%; for CY 2012 is 0.16%; for CY 2011 is 0.28%; for CY 2010 is 0.34%; for CY 2009 is 0.60%; for CY 2008 is 0.94%; for CY 2007 is 0.94%; for CY 2006 is 0.76%; for CY 2005 is 0.53%; for CY 2004 is 0.55%.