The interest calculation for premature withdrawal would beInterest = 200,000 × 5.5 / 100 = Rs.11,000.. Thus, Rajeev would receive Rs.211,000 after six months, lower than the full maturity amount.

Not all interest rates work the same. Your choice among these two main types come down to how you save and how you borrow. Here's what to know about fixed and variable rates.

Certificates of deposit (CDs) let you lock in a fixed interest rate for a set period of time that typically spans from a few months to five years or longer.

Here's a look at how much interest you could rack up if you open one of these top accounts and deposit $5,000 today. We'll also show you your potential earnings with some other amounts.

CDs offer fixed interest rates, ... A $1,000 CD deposit makes $50 of interest in a year if the account pays 5% APY. The CD's total balance would be $1,050 at maturity.

High fixed interest rates. Due to their fixed terms and low deposit requirements, CDs can offer significantly higher interest rates when compared to traditional savings and checking accounts ...

A fixed index annuity contract is a tax-deferred account, and you can set it up with a lump-sum deposit, multiple deposits or a qualified transfer from a retirement account. Sponsored Brokers 1 ...