National Savings has made changes to the profit rates on various products. According to reports, there have been increases in profit rates for Regular Income Certificates (RIC), Savings Accounts (SA), and Short Term Savings Certificates (STSC).
Specifically, the RIC’s profit rate has risen by 96 basis points to 16.1 percent, SA’s by 100 basis points to 20.5 percent, and STSC’s by 100 basis points to 21.8 percent.
On the other hand, profit rates for Special Savings Certificates (SSC), Behbood Savings Certificates (BSC), and Pensioners Benefit Account (PBA) have seen decreases. Both BSC and PBA now have a profit rate of 16.3 percent after a decrease of 24 basis points, and SSC’s rate has been adjusted down by 20 basis points to 18 percent.
It’s worth noting that the rate of return on Defense Saving Certificates (DSC) remains unchanged.
