IDBI Bank and ICICI Bank have revised their fixed deposit (FD) interest rates. The RBI reduced the repo rate by 25 basis points on 9th April 2025, lowering it from 6.25% to 6%. This decision has ...

HDFC Bank's other lending rates HDFC Bank's benchmark Prime Lending Rate is 17.90% p.a. with effect from June 18, 2024. The revised Base Rate will be 9.40% and will be effective from June 18, 2024.

The central bank is widely expected to maintain interest rates at the current level of between 4.25% and 4.5%, according to the CME FedWatch Tool, a measure of market sentiment.

While the national average interest rate for standard savings accounts is 0.42%, many HYSAs offer rates of 4.00% or more. That's nearly 10 times what the national average account pays.

The Fed Does Not “Set Interest Rates” First and foremost: The Fed does not control everything. The central bank’s policies are a main determinant of inflation, but fiscal policy also affects ...