True, Certificate of deposit is an interest-earning deposit that requires the funds to remain deposited for a fixed term.
An interest checking account pays interest on the credit of the account, typically monthly. Though savings accounts typically earn higher yields than corresponding accounts, having an interest-bearing checking account allows you to make interest on the money in all of your funds.
State Bank of India (SBI) is the biggest bank of India that provides a wide range of banking products to the clients. SBI Savings Account is one of the popular products in which people can deposit their money safely. When it comes to good rates, the SBI Savings Account delivers 2.70% per annum.
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