July 19, 2002	Friday	Jamadi-ul-Awwal 8, 1423

KARACHI, July 18: State-run United Bank has announced 3.25 per cent return on saving accounts for the half year ended on June 30, 2002.

But for those having an average balance of below Rs10,000 in their saving accounts the bank has announced only 0.25 per cent profit.

Following are the rates of return the bank paid on fixed term deposits: 5 per cent on 1-2 months; 6 per cent on three months; 6.5 per cent on six months; 6.75 per cent on one year deposits worth below Rs1 million and 7 per cent on the deposits worth Rs1 million or above; 7 per cent on two year deposits worth below Rs1 million and 7.25 per cent on deposits worth Rs1 million or above; 7.25 per cent on three year deposits worth below Rs1 million and 7.50 per cent on deposits worth Rs1 million or above; 7.50 per cent on four year deposits worth less than Rs1 million and 7.75 per cent on deposits worth more than Rs1 million; 7.75 per cent on five year deposits worth less than Rs1 million and 8 per cent on deposits worth Rs1 million or above.

The bank has announced 3.25-7.00 per cent profit under UniSaver PLS accounts in accordance with the balances held in these accounts — 3.25 per cent for below Rs 3 million and 7 percent for Rs 1.5 billion or more.

The bank has announced 4.5 per cent profit on 7-day special notice deposits and 6 per cent on 30 days and above notice deposits. On UniMahana deposits the bank has announced a flat rate of 6 per cent for all tenures — the minimum being 5 months and the maximum five years. The bank offered 7.5 per cent return to its depositors on UniSona deposits and UniSona plus (18 months term deposits).

ALLIED BANK: Privatized Allied Bank handed 3 per cent return on saving accounts for the half year ended on June 30, 2002. But to those depositors who had a balance of less than Rs10,000 in their saving accounts the bank gave only 0.5 per cent return. On 7-29 day special notice deposits the bank paid 3.5 per cent and on 30 days notice deposits it paid 4.5 per cent.

Following are the rates of return offered on fixed term deposits:

One month 4.5 per cent; two months 5 per cent; three months 5.5 per cent; six months 6 per cent; one year 6 per cent on deposits below Rs1 million and 6.75 per cent on deposits of Rs1 million and above; two years, three years and four years 6.75 per cent; five years 7.5 per cent on deposits below Rs1 million and 8 per cent on deposits of Rs1 million and above.