Public Bank PB Golden 50 PLUS FD Account (2024)

FAQs

What is PB Golden 50 Plus fixed deposit? ›

PB Golden 50 PLUS Fixed Deposit (FD) Account

A Depositor aged fifty (50) years and above who jointly deposited with another depositor(s) aged less than fifty (50) years who is/are acceptable to the Bank and shall be subject always to the terms and conditions relating to the PB Golden 50 Plus FD Account.

What is the 50 PLUS Savings Account? Saving money should not only be a practice for the young but a practice for everyone. If you are able to save, why not reap the benefits of this habit. The 50 PLUS account, is a savings account presented by Public Bank, for the use of its customers, new and old, over the age of 50.

You can make the withdrawal via PBe. The proceed(s) of the PB eFD uplifted / withdrawn via PBe will be credited to the Designated CASA which was selected during the PB eFD account opening. The Designated CASA will be tagged to the PB eFD account for placement, withdrawal and interest crediting purposes.

What is FD Plus? Fixed Deposit (FD) Plus is a one-time investment plan that provides higher returns at maturity when compared to a regular fixed deposit.

Here's what you need to do: Step 1: Visit the branch of the bank where you have the fixed deposit account. Step 2: Submit your fixed deposit certificate to confirm your intention to withdraw funds upon maturity. Step 3: Fill out a withdrawal form (FD maturity application) with the necessary details and sign it.

As of September 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions offer high-interest checking accounts: Landmark Credit Union Premium Checking with a 7.50% APY and OnPath Credit Union High Yield Checking with a 7.00% APY.

By age 50, most financial advisers recommend having five to six times your annual salary saved.

ICICI Bank offers best FD Interest rates, up to 7.1% per annum, for General Citizens and up to 7.65% per annum for Senior Citizens (60+). Senior Citizen enjoy an extra 0.5% interest on all tenures and a special 0.10% additional rate for tenures over 5 years through the Golden Years Scheme.

Which bank is giving 8% interest on FD? ›

Some banks offer interest rates of 8% or more, making them an appealing option for risk-averse investors. For instance, Unity Small Finance Bank offers 9% interest for 1,001 days, while YES Bank offers 8% for 18 months.

The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x R x T/100). Example, Now, if you invest INR 10,000 at 8% p.a. for 5 years, you can calculate the interest like this. Step 1: 10,000 x 8 x 5 = INR 4,00,000.

Upon maturity of your Fixed Deposit, you can either withdraw the total amount or create another fixed deposit. If you wish to liquidate or withdraw the deposit upon maturity, you can do so online or by visiting the branch.

While FDs provide stable and guaranteed returns, they may struggle to beat inflation, especially in high-inflation environments. Gold, on the other hand, has the potential to outpace inflation over the long term but with more short-term volatility.