The interest rates are revised periodically, with a Post Office RD currently earning an interest of 7.2% per annum. The interest is compounded every quarter, which ensures that a sum of money multiplies by the time it matures. Note: The interest rate mentioned above is valid as of 01 July 2019. Higher rate of interest – As you all know post office fixed deposit proffer substantial higher rate of interest comparatively. Currently, the rate varies from 6.99% to 7.33%. Currently, the rate varies from 6.99% to 7.33%. Post Offices like banks offer FD (Fixed Deposits) and offer very competitive interest rates. The latest Post Office FD interest rates vary from 6.9% for 1-year deposit to 7.7% for 5-year deposit. The post gives the details about the same.

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WASHINGTON — The Federal Reserve is poised to raise interest rates at its next policymaking meeting in mid-December and to continue raising rates next year, according to the minutes of the central bank’s last meeting published on Thursday. A solution suggested at the meeting was that the Fed raise the rate paid on reserves by 0.2 percent while it hikes the funds rate 0.25 percent. Doing so would be expected to hold back the funds rate from getting too close to the target ceiling, judging by the funds rate’s tendency to trail behind the IOER rate. Boston Fed President Eric Rosengren, who has a vote on this year’s FOMC, signaled that he wasn’t ready to cut interest rates at the July meeting, urging in a July 19 interview with CNBC that officials let data do the talking. “As long as the economy’s doing well, if that continues,

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