charter. n. 1. (Government, Politics & Diplomacy) a formal document from the sovereign or state incorporating a city, bank, college, etc, and specifying its purposes and rights.
Currently there is a promotional interest rate for Palladian Savings Account which is fixed at 1.30% for the first six months. After the promotional interest rate ends, the interest rate will be the non-promotional variable interest rate that is offered for Palladian Savings Account at that time (currently 0.90%). There is a minimum initial deposit of $10,000 and maximum initial deposit of $100,000. American Express. Rates as of Oct. 14th.
A savings account is the most basic type of bank account and is used by individuals (singly or jointly) to park money for carrying out various day-to-day financial transactions. These accounts do not have any maturity or end date, unless the customer specifically requests for a closure. Interest rates: Savings accounts give interest on the money deposited in them. The interest is calculated on the minimum balance kept in the account on a daily basis. But the interest earned on these accounts is not paid out quarterly instead of monthly. The interest rates applicable on these accounts vary from bank to bank. Earlier, the savings account rates were regulated by RBI at 4%. But after de-regulation in 2011, banks are now free to offer their own rates.