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| July 25, 2003 | Friday | Jumadi-ul-Awwal 24, 1424 |
Banks’profit rates
KARACHI, July 24: The American Express Bank has declared the following rates of return for six months ending June 2003.
The bank has offered 0.20 per cent profit and loss account up to deposits of Rs49,999 maintained between January to June 2003; 0.40 per cent on deposits between Rs50,000 to Rs99,999; 0.70 per cent on Rs100,000 to Rs199,999; 0.90 per cent on Rs200,000 to Rs299,999; 1.10 per cent on Rs300,000 to Rs499,999; and 1.50 per cent on 500,000 and above.
On various term deposits the bank offered 5.75 per cent on PLS deposits up to one month; 3.75 per cent up to three months; 4.25 per cent up to six months; 5.25 per cent up to one year; and 4 per cent on saving rupee plus.
Standard Chartered Bank has announced rates of returns on various deposits and saving accounts, to be used for determining the profits on PLS deposits maintained with the bank from January to June 2003.
It has offered different rates ranging between 1 to 3.75 per cent on Supersave and Privilege; 1.50 per cent to 3.5 per cent on High Yield Saving; and between 0.50 per cent to 2 per cent on Flex Account.
Rates on term deposits range between 0.50 per cent and 2.75 per cent on one month; from one to three per cent on three months; 1.25 per cent to 3.15 per cent on six months; up to 1.50 per cent to 3.35 per cent on one year; two per cent to 3.60 per cent on two years; and 2.50 per cent to 4 per cent on three years. Rates on call deposits are 0.50 per cent. All these rates are subject to terms and conditions of the accounts.
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