Fixed deposit rates Increase Has Lead To Opening Of The Account With The Bank Offering Highest Return

The benefit of availing the fixed deposit accounts are that you get a good return on the maturity of the account. The reason for the same is that the fixed deposit rates have been on a rise these days. Sometimes, investors face the problem of choosing between fixed deposits or fixed investment plans (which are like FDs in many aspects). It is varying in the range of 7% to 12% and considering the range that existed few years back, it is a tremendous increase. The only thing you need to do is to compare the interest rates around different banks so as to get the best of the bank to be linked with.

Fixed deposit rates have been on a rise these days thereby making people to get attract to it and open the fixed deposit account.

Summary: Fixed deposit rates increase has attracted people to open the fixed deposit account in the bank offering the maximum return on the maturity of the account.

Fixed Deposit Calculator Helps You To Avail The Maximum Output From The Right Bank

There are lot of accounts that can be opened in a bank, one of them being the fixed deposit account. In order to the get the best of the bank that is giving out the best return on the fixed deposit account, the need it to avail the help of fixed deposit calculator. The calculator would ask you to fill in the values of the field such as how much money you are going to deposit in your account, the rate of interest offered by the bank and the maturity period.

Fixed deposit calculator is present on private as well the nationalized bank, the need is to make use of the same effectively so that the right bank can be selected based on its outcome.

Summary: Fixed deposit calculator has helped people to select the best bank to open the fixed deposit account in to get the maximum return on the maturity of the account.

Fixed Deposit Calculator Assists People To Figure Out The Total Returns On Maturity Of the Fixed Deposit Account

One can make use of the calculators when it comes to manipulating loans from different banks. Similarly one can make use of fixed deposit calculator so that the right bank can be selected to open the fixed deposit account in. the device has lot of fields to be filled in by the customer. This includes total money to be deposited in the account, the rate of interest offered by the bank and the maturity period.

Based on the values filled in the fixed deposit calculator, the device will come back with a figure that would be the return on the maturity of your account and would be available to you.

Summary: Fixed deposit calculator helps people to figure out the total return they would be getting on the maturity of the fixed deposit account.

People Interest Towards The Banks Investment Is The Reason Of Higher Fixed Deposit Rates Reason

Indian banks have been on a rise not in terms of just profit but making people attract towards them as well. This is made possible just because they have made risen the fixed deposit rates over the past couple of years. Rates have been increased to a good number and are ranging these days in the 7% to 12% value and this in indeed a very good number considering the fact that savings accounts are not giving that much profit as compared to the fixed deposit accounts.

So the only thing you need to do is to do a comparison making use of some comparators tools that could be either the online calculator named by fixed deposit calculator or anything that could make you to figure out which bank is offering the higher interest rate for the fixed deposit accounts. Make sure you deploy these devices before you get to link with the bank that you are thinking to open the fixed deposit account with. The fixed deposit rates are on a higher side and have been giving out a good number these days and this has been made possible just because people have shown good interest in this sort of category of fixed deposit account category.

Banks in India vary in the fixed deposit rates based on if it is the private or the nationalised one. So you need to figure out if you should go with the one that offers a safe and secure deposit for a good amount of years and obviously nationalized bank would be able to provide the same to you. Starting out with a minimum of thousand Indian rupees and that can go up to a number of fifteen lakhs where you will be earning a good amount of interest rates, it is a very good number and would help you to make good money on the maturity of the account.

Summary: Fixed deposit rates have been on a rise just because people have shown good interest in this category of investment in banks.

Fixed Deposit Calculator Is Provided With Multiple Features To Help The Common Man Knowing About Several Statistical Figures

Deploying calculators these days for almost very calculation has become a habit of people. Similarly banks have come up with their own approach by introducing the fixed deposit calculator which will help people in getting aware on how much money they would be earning on the maturity of the account. Fixed deposit calculator can be finding on the bank’s website and hence provides you an easy route to navigate smoothly to your fixed deposit account. Make very possible use of the same and get to know about which bank is offering the higher interest rates on this category of account.

Another feature of fixed deposit calculator has a tendency to provide in comparison as well as profitable figure amount because of the reason that there is so much pressure on each and every bank these days, they have come up with the scheme to promote their fixed deposit account policies by increasing the interest rates. The fixed deposit calculator can be made use of to determine the profit amount figure that you would be making out of the fixed deposit account with x money deposited in the same. The fixed deposit calculator is designed to bring in good profit to the people with the minimum of the formalities these days and anyone can open an account with a minimum of thousand rupees. The account can be opened for minimum of 7 days and can go up to 10 years.

Summary: Fixed deposit calculator would help you for the reasons that would comprise on letting you know about the profit figures and other includes the comparison of interest rates of different banks. Fixed deposit calculator has benefitted people to get to know amount the profitable figure that they would be making out of the amount deposited in the fixed deposit account.

Fixed Deposit Rates Post Doing The Analysis On Different Banks Lands You With The Right One

The rate at which the interest rate on the fixed deposit accounts has been increased has attracted people from all horizons to open the account in this category of banking options. The fixed deposit rates these days are ranging in 7% to 12%. This is indeed a good number when we compare the same with couple of years back when it was just half of what it is today. One can open the account in any bank whether it is nationalized or the private bank. You just need to take care that you do a good comparison around different banks that are offering varying interest rates.

Fixed deposit rates can be compared across different banks considering the fact that there is lot of varying figures around these prevailing these days. One can make use of the online calculator that would require you to fill in the values such as how much money you would be depositing in an account, the time duration for which you would keep this money in the fixed deposit account, rate of interest on the account.

Using the comparator tools would give you the access to the rate of interest of several banks dealing in the fixed deposit accounts. This is important so that you get linked with the right bank and this is necessary for a long run. Hence make sure besides using the assistance of online calculator, you get in touch with the banks directly as well and get to know how their policies are different from other banks. Doing the same would make you land with the right bank and make you earn a good amount of money in the long run or rather after the maturity of the account. Fixed deposit rates comparison land you with the right bank to earn the money from.

Summary: Fixed deposit rates comparison around the different banks would make you earn good amount of return on the maturity of the account and this holds important in the long run as well.

Fixed Deposit Calculator Provides Enough Information On Filtering Out The Right Bank

It is a must to carry out the comparison activity before you go and deposit the earning of your life in the fixed deposit account. Take the help of the fixed deposit calculator that is designed to provide you with the figure that you would be making out of the money that you are going to deposit in a particular bank. The calculator would ask you to fill the fields such as the total amount to be deposited, time duration for the same and the rate of interest. Fixed deposit calculator is an important tool to give you an exact estimate of how much your money will earn if you keep it locked- in in a particular fixed deposit account. In this way, you can find out which bank is offering the best rate for you to invest your money in it.

Based on the values entered by you, the fixed deposit calculator will let you know how much earning you are going to make on the maturity of the account.

Summary: Fixed deposits are a means to earn a good amount of money on your life’s savings. Instead of keeping your money idle you can earn extra income on it by keeping the money locked-in in fixed deposit accounts. Almost every bank offers the facility of fixed deposits. But, the major differences between different bank’s fixed deposits are on the basis of interest rates provided by each bank. At present, the fixed deposits interest rates fall between3 percent to 12 percent. So, Fixed deposit calculator helps in getting the figures on your earning amount and would make you linked with the right bank as well.

Fixed Deposit Rates Increase Has Appealed people From All Domains Giving Good Profit Amount

The nationalized and private banks these days have raised their fixed deposit rates so as to make people attract towards them. The best way to compare which bank is offering the interest rate higher than the other bank for the fixed deposit account is to make use of the calculators designed to bring you with the figure on how much profit you would be making on maturity of the account. Fixed deposit rates increase has attracted people from all spheres and particularly when there is a steep increase and varying in the range of 7% to 12% and the account can be opened in a mere thousand rupees.

So, we can say that Fixed Deposit Rates increase will keep on attracting people in good numbers towards it as they are a good way of earning higher interest rates than savings accounts. Interest rates for each and every sphere of the bank accounts have increased over the past couple of years or so. And fixed deposits accounts are leading the race in this category. The fixed deposit rates have increased to a good number making them fall in the range varying between 7% and 12%. You can open the account with a minimum of thousand Indian rupees and for a minimum of 7 days and can go up to 10 years.

Fixed deposit rates increase has lead to attract numerous people towards it thereby making it as one of the favourites investment options in terms of deposits in banks.

Summary: Fixed deposit rates increase has attracted people from all domains and is benefitting people in term of getting good amount of money on maturity of the account. Fixed deposit rates increase has attracted large bunch of people towards it whether it is a nationalised or a private bank leading to the fruitful results for the common man.

Bank FD interest Rates is Giving a Good Return Nowadays Forcing You to Select the Right One

Are you thinking to open the account in the bank so as to earn some good amount of interest rate on the same? Then you must need to get yourself aware on the several bank FD interest rates  policies and figures. This is for the reason that there is no account that can give you more interest rate than the fixed deposit account. The interest rate for this category of accounts is varying in the range of 7% to 12%. This is indeed a very high number when we compare the same couple of years back. There was hardly a bank or two that was giving interest rate over five percent but nowadays every bank is offering this attractive numbers to make people as well as the bank earn a good amount of money.

The bank FD interest rates however high it may be, but it requires a good study and approach to invest the money in this category of bank account. The very first thing that people should look out for is that which bank is offering the maximum interest rate followed by their policies such as the term duration of the same. The other step could be around the interest rate that varies for youths and people with age group falling in more than 60 years. All these factors could prove to be really vital when it comes to selecting the right bank to open the fixed deposit account in.

So people that are following the approach as mentioned in the above content can always see themselves as standing on the profitable edge. So you need not wait for the right time to open the fixed deposit account with the bank. The approach is clearly defined in front of you; hence implement the same in the best possible manner.

Summary: Bank FDinterest rates tend to provide you with the good return nowadays thereby attracting people towards the same. You need to figure out the best bank in order to avail the loan.

Bank Fd Interest Rates Is Giving You Good Profit Margin These Days

Take the assistance of the web that is capable of providing with the best of the comparison in terms of bank fd interest rates. The interest rate has been on a rise now and is very good news for the people investing in the fixed deposits account. The comparison is necessary for the reason that people should invest at the right place so that they end up making profits out of it. Bank fd interest rates vary from bank to bank and is ranging these days from 7% to 12%. Assume how a good number this is when you invest I or deposit x amount of money in it.

As a result, Fixed Deposit Rates owing to people attention & interest have increased over the years. It is always beneficial to invest money in the fixed deposits considering the fact the banks these days are giving back the profit in terms of interest at a good rate. If we talk about the fixed deposit rates, the interest rate is varying in the range of 7% to 12% so that people can avail maximum benefit of the same. It is a must to do the comparison around different banks so that you get to earn maximum money from them. Fixed deposit rates from nationalised bank and private bank always vary because of their way to attract the customers to them thereby calling for a wise decision to compare the same.

Summary: Bank fd interest rates are capable in providing you with a good profitable figure thereby it is required to do the appropriate comparison to land up with the right bank. Fixed deposit rates have increased over the years owing to the fact that people have started showing interest in the same leading to a good outcome.

Bank Fd Interest Rates Increase To A Good Statistical Figure Is Attracting Lot of People Nowadays

People have figured out lots of options these days to earn a good amount of money. But the traditional method to earn money by the way of fixed deposits account would never get diminished. Bank fd interest rates these days have risen to a good number thereby helping people to earn in the range of 7% to 12% depending on the amount deposited in the account and the term duration of the same. Bank fd interest rates can be compared with the help of different calculators present these days online and this would help you to select the right bank to invest in.

So, we can say that bank Fd Intrest Rates increase is pushing people to open fixed deposit accounts and earn some good money.Banks were considered the sole option to earn good amount of money quite a number of years back. But with the rise in other commodities, they started losing their value but with the increase in the bank fd interest rates nowadays, people expect to get the maximum out of it. We can see the interest rates for these accounts falling in the range of 7% to 12% and this is indeed a very good number when compared to the previous years.

Bank fd interest rates can be earned with a account opening for a mere thousand rupees that can go up to 15 lacks.

Summary: Bank fd interest rates have risen to a good statistical figure over the past couple of years thereby making it again one of the favourites for the people to invest in. Bank fds are also a safe instrument to invest in. Bank fd interest rates increase has again pushed people to this category of investment and lead them to earn quite a good amount when compared to few years back.

Higher Fixed Deposit Rates- Aim Is To Attract Maximum People

Looking to earn a good amount of money from the bank? Have you looked at the fixed deposit option? If yes, you may need to have a relook on the same because of newly features and increased interest rates that each bank has come up these days. Fixed deposit rates these days are varying between 7% and 12% and this is indeed a very good number considering the fact that couple of years this number was just restricted to 6% or less. People were not attractive towards this fascinating scheme earlier but now when these rates have been increased over the years, people have started diverting towards it.

Fixed deposit rates vary from banks to banks and one needs to be very thoughtful in their approach while deciding with the one bank. The best way is to do the comparison of different banks online and see which bank is offering the best interest rate for the fixed deposits account. If we consider the example of State Bank of India which has been the popular nationalized bank of India, they are giving people an attractive interest rate of 7% minimum and that too at a minimum amount of thousand rupees in the account. The term can be increased up to 10 years depending on your interest and you can deposit a maximum of Rs 15 lacks in the fixed deposit account.

The best way to figure out which bank offers the higher fixed deposit rates can be done utilizing the calculator which is available online on every bank’s website. Based on the data entered by you in the fields such as the total amount deposited, term period of the account and rate of interest, the tool will come up with a amount that you will be getting on maturity of the account. So the ultimate objective is to filter out the bank from the list of banks that is offering fixed deposit rates at a good number.

Summary: Higher Fixed deposit rates are attracting people from all over and have lead to increase in the profit of the people in a very short time.

Be Cautious while investing in Corporate Fixed Deposits

Bank fixed deposits (FD) are one of the safest contemporary investment options. FDs offer a fixed rate of return for a specific lock in period. Apart from banks, corporates also offer fixed deposits on similar lines, but these FDs offer relatively higher rate of return. Corporate FDs are for a maturity period of 1 to 3 years offering as high as 12% in some cases.

However, the customers should not be lured by high interest rates as the deciding factor. Since it is not mandatory for corporates (other than NBFC and housing finance cos.) to get their FDs rated from rating agencies, the choice becomes difficult for the consumer. But there are certain thumb rules while chosing the best out of these options. Firstly, the company should be making profit and paying out dividends over the past few years; secondly, amount of taxes paid out to government is also a vital factor, since the company can not tweak much with the numbers.

Another thing to note is to do a background check on company, that is the companies promoted by big industrial houses should be preferred. Companies with promoter group who have had history of default should be avoided. Also, a lower risk free return is always better than higher doubtful returns. It is therefore advised to invest in companies of repute or companies which have been mobilizing deposits from public for a long time.

Bank of India slashes interest on single term deposit

State owned bank, Bank of India has announced a revision in its interest rates on select maturities of fixed deposits. While the bank has increased the rates on retail fixed deposits, interest rates on bulk deposits have been reduced by up to 0.50%. The new rates will be effective from September 1.

Public sector banks have been under pressure from finance ministry to reduce their bulk deposits to a maximum of 15% (including 5% limit on certificate of deposits). For single term fixed deposits exceeding Rs. 1 crore, the bank will pay 7.5% (8% presently) for 46 days to 90 days maturity. 91 days to 179 days maturity would give 8%(8.25%).

Interest on 179 days to less than one year maturity would be 8.5%(8.75%). The bank has however increased the rates on retail fixed deposits (upto Rs. 1 crore) by 1.5% on select maturities

Punjab National Bank to reduce bulk deposits

The banks are under constant pressure of finance ministry to reduce their bulk deposits. Punjab National Bank (PNB), the second largest public sector bank is also planning to reduce its bulk deposits to meet the deadline of March 31, 2013.

Bank's chairman and MD Mr. KR Kamath said that the bank would be replacing some of its bulk deposits with retail fixed deposits. According to a recent Deutsche Bank report, the PSB needs to cut on its bulk deposits by about 5-7% to meet the deadline.

Kamath further added that the bank can only reduce the base rate once the cost of funds go down. He also denied any near future possibility of bank introducing a floating rates term deposit (FRTD) like IDBI Bank. But maintaining if the conditions become favorable the bank may consider the option.

The bank inaugurated its self service branch 'Pragrati' which would offer services like ATM, cheque and cash depositing, and pass book updating machine.

IDBI Bank Floating rate fixed deposits, whats different?

Recently IDBI Bank launched a new fixed deposits scheme, Floating Rate Term Deposit (FRTD). FRTD are very common in Europe and the US, but most of the consumers in India are unaware of any such product.

Unlike a regular fixed deposit, FRTD do not have a fixed interest rate. The interest rate depends on a certain benchmark. Like in case of IDBI bank's FRTD, the benchmark is quarterly average of 364 days T-bills auctioned by RBI. The bank offers a certain rate above the benchmark rate akin to the floating rates loan which are pegged on BPLR or Base Rates.

For instance the average of T-bills comes out to be 9.8%, and the bank offers 80 basis points above the benchmark for a deposit of 2 months. In that case, the bank would offer 10.6% interest, while if the average rate comes to 9.2% the interest earned would be 10%.

Consumers can open a FRTD with IDBI Bank by depositing minimum of Rs. 10,000 adding multiples of Rs.1000 up to Rs. 1 crore. The minimum lock in period would be 1 year, upto a maximum of 10 years. The bank is initially targeting HNIs for making the product popular.

Banks contemplating rate cuts for bulk deposits

Since the ministry has asked banks to lower down the share of bulk deposits, banks are planning to reduce rates on bulk deposits with the banks. Banks have been asked to limit the share of such bulk deposits to 15 per cent of total fixed deposits which is as much as 40 per cent for some banks in current fiscal.

The step is taken in regards to manage asset-liability ratio effectively and improve profitability of banks.

S.L.Bansal, Chairman and MD, Oriental Bank of Commerce said, “Fortunately there is not too much of a credit demand. So unless a bank is very crazy about growing its balance sheet, then it will refrain from raising such deposits. Rates on bulk deposits will automatically come down.”

Banks will ask for extended time period from Union Government to achieve the target in next fiscal as it seems difficult to lower the deposits drastically in this fiscal.

1.75% hike in deposit rates – BoB

New rates on fixed deposits after the hike of 1.75 per cent has been declared by the public sector bank, Bank of Baroda

PunjabNational Bank (PNB) also hiked the rate previously while SBI lowered the rates as an impact of RBI’s monetary policy review meeting.

Now BoB would charge rate of 6.25 per cent instead of 4.5 per cent on term deposits with maturity of 46-90 days. Apart from this, interest rates for deposits of 1-3 years and 3-10 years will be 9 per cent. Interest rate of 7.75 per cent instead of 7.50 per cent will be provided on deposits of 271-365 days.

All the rates will be effective from now. It’s high time for the customers to avail the benefits of hiked rates on deposits.

Rates on deposits less than 5 crore lowered by Allahabad bank

Allahabad Bank has reduced the interest rates on fixed deposit accounts amounting up to 5 crore and if it is being deposited for duration between one to two years.

Following the footsteps of Bank of India, another public sector bank which has reduced its interest rates by 0.25 per cent, Allahabad bank cuts rates by 25 basis points to 9.25%. Senior citizens will be provided benefit of 50 basis points on interest rates.

The new rates are effective on fresh deposits and those which are renewed.

Utilize fixed deposits for short term financing

Are you in immediate need of funds and wondering what all options you have? There are a lot of  options available, one can consider personal loans or loans against national savings certificate, loans against insurance policy or loans against fixed deposits.

The loan against FD being a secured loan is offered at less interest rate viz-a-viz a personal loan. Banks offer as much as 90% of loans of the value of the fixed deposit. The interest charged is at around 2-2.5% above base rate against 3-3.5% and above for personal loans.

Therefore in case of urgency it is advised to pledge your fixed deposits for taking a loan. Another benefit of taking such a loan is that in case of default, the bank would recover the amount from the fixed deposit and the borrower and his family would not be under the pressure of repayment.  

Cut in Fixed Deposits rate by SBI

SBI, one of the country’s largest lender banks, has reduced rates on selected maturities prior to the review meeting of RBI on monetary policies scheduled on June18.

The bank has decided to revise its retail term deposit interest rates with a reduction of 0.25% in tenure up to 240 days, SBI said in a statement.

The Interest rate may come down to 7% from existing 7.25% on 7-179 days of fixed deposits. SBI has base rate or minimum lending rate of 10%. These were last revised by Bank in April where the rate was slashed about 1% on fixed deposits as a consequence of RBI’s decision to reduce the key interest rate by 0.5% up to 8% in its annual credit policy.

Even RBI Deputy Governor Subir Gokarn had said that there is a room to ease policy stance in the light of moderating growth and falling crude oil prices.

Fixed Maturity Plans getting more popular

The time-tested investment vehicle of Fixed Maturity Plans (FMP) is now, attracting investors due to slowdown in economy and it seems the economic depression will continue.

Investors find it a good opportunity to lock the money for particular period at prevailing interest rates as the rates are being expected to lower down. RBI will review its monetary policies on June 18 and discuss with the experts about the rate cuts.

"We now expect 25 basis points repo rate cut on 18 June," says Sonal Verma, India economist, Nomura, in her research note.

The term of maturity in FMPs vary from 90 days to one year and keep the investors safe from any interest rate risk. Infact, the spike in the interest rate offer high returns at the maturity.

Currently 15 FMPs are available in the market from fund houses like HDFC, Birla Sunlife and L&T etc.

V-Vriddhi deposit scheme by Vijaya Bank

VijayaBank has started a 100 day campaign on June 1that will end on September 8. Bank has launched a new scheme, named as V-Vriddhi term deposit scheme which is a 400 day fixed deposit scheme providing interest rate of 9.75% per annum.

It has also offered a V-Vriddhi Recurring Deposit Scheme with higher rate of interest at fixed maturity period.

Apart from these, the processing fees in home loans and vehicle loans are waived off. Home loan starts at 10.55% and the vehicle loan at 11.20%. The vehicle loan borrowers will enjoy concession of 10- basis points and home loans buyers can avail concession of 20- basis points.

Also, the campaign will offer a savings bank product with many benefits. Such a campaign will help the bank to acquire more customers and enhance its retail business.

New Fixed Deposit Scheme, ING FD+ launched by ING Vysya bank

A new fixed deposit scheme is launched by ING Vysya Bank which offers higher interest rate of up to 9.5 per cent per annum on deposits of one year.

ING FD+ is applicable for deposits of Rs. 15 lakh and partial withdrawal of deposit in units of Re 1 is also available to customers as per their requirements.

According to scheme, customers can also link their deposits to their savings account and activate automatic sweep of funds from FD, when required. Hence, cash can be withdrawn from ATMs or cheques in case of shortfall in the savings account.

Uday Sareen, Country Head - Retail ING Vysya Bank said: "You may avail the product through a simple SMS, access money from your FD from an ATM, and not get penalized for any premature withdrawals."

Fixed deposits rates have grown over the years

These days when there is a good competition between every bank as well, the fixed deposits rates has seen an enormous growth over past couple of years. These days you can go in a bank and open the fixed deposit account with a mere of thousand rupees and the tenure of such account can range anywhere between 7 days to 10 years. The rate of the fixed deposits starts from a mere 6% and goes up to a high rise of 10%.

Everything depends on how much tenure you will be keeping your account lively and accordingly the bank will keep giving the interest on the amount deposited by you. Study each and every bank and compare the fixed deposits rates for the same and explore which one suits best to your pocket.

Summary: Fixed deposits rates are on an all time high thereby benefiting the customer on a whole.

Use FD interest calculator to decide which scheme to choose

With various banks revised their FD interest rate over the years, people have once again started investing in the same. You can go and visit any bank’s application or website and see what interest rates they are offering for fixed deposits. There are many banks which are offering from a low a 6 % to as high as 10 % on fixeddeposits depending on for how much period you have applied to this scheme.


Above all there is FD interest calculator available nowadays that can help you to decide on which scheme will benefit you and provide you maximum amount of returns on your money invested. Likewise, go with such a bank and read all the documentation carefully. Such calculators behave like a easy to access tool where in you just need to fill in basic fields.


Summary: FD interest calculator helps the people to decide on which FD scheme one should go for.

Fixed deposit calculator – Quick guide to go with the correct bank

The devices and tools like calculator has reduced the human errors involved while doing massive calculations. Similarly you can make use of such calculators’ to calculate your fixed deposit amount as well. Fixed deposit calculator is nowadays provided by each of the banks on their website as well as other online portals too so that you can get to know about their services in brief. This way you can compare with different banks and decide on which bank is offering the highest interest rate on fixed deposits in a minimum amount of time.

Go to any bank’s website and explore different fields to fill in as per your interest like the number of years you want to avail the fixed deposits scheme and see how much you can make out of the amount invested.

Summary: Fixed deposits calculator can give you a quick comparison for different banks and you can easily go with the one offering higher amount in minimum amount of time.