I was going through the ABN Amro FD interest rates and found that for 99 days, they pay an interest of 6% while for 100-187 days, they are paying an interest of 5.5%. Why is that for 99 days, they are paying higher interest rates?
I could not understand the logic behind giving a higher interest rate for less number of days?
See here - http://www.abnamro.co.in/consumer/accounts/termdeposits.html
I could not understand the logic behind giving a higher interest rate for less number of days?
See here - http://www.abnamro.co.in/consumer/accounts/termdeposits.html