Know the highest interest rates for bank fixed deposits of various tenures
As interest rate are falling you can still find the highest FD rates from various banks. As interest rate are expected to fall in near term it makes sense for you to lock in your funds at the earliest and that too at the best interest rate possible. We have listed best interest rates and the corresponding banks for fixed deposits with tenures of 1 year, 2 years, 3 years and 5 years. Depending upon the choice of your tenure you can find an appropriate bank to get the best FD rates for your selected FD term.
Best banks for 1 year Term: It is one of the most popular term of the fixed deposit which many depositors go for. Going by the pattern of how the banks have structured their interest rate for various tenures it is appearing that most of them are providing their best interest rate for one year fixed deposits. So here is the list of the banks which are providing you the highest interest rate in this category. Bandhan Bank with 8% interest rate emerges on top as the highest interest rate provider which is closely followed by RBL Bank at second position with 7.75%. There is big gap when we go to third top bank in this category as it is Oriental Banks of Commerce with 7.3% interest however it is much higher than 7% what the most large banks are currently offering.
Top 7 banks with highest interest rate for FDs with 1 year term
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As interest rate are falling you can still find the highest FD rates from various banks. As interest rate are expected to fall in near term it makes sense for you to lock in your funds at the earliest and that too at the best interest rate possible. We have listed best interest rates and the corresponding banks for fixed deposits with tenures of 1 year, 2 years, 3 years and 5 years. Depending upon the choice of your tenure you can find an appropriate bank to get the best FD rates for your selected FD term.
Best banks for 1 year Term: It is one of the most popular term of the fixed deposit which many depositors go for. Going by the pattern of how the banks have structured their interest rate for various tenures it is appearing that most of them are providing their best interest rate for one year fixed deposits. So here is the list of the banks which are providing you the highest interest rate in this category. Bandhan Bank with 8% interest rate emerges on top as the highest interest rate provider which is closely followed by RBL Bank at second position with 7.75%. There is big gap when we go to third top bank in this category as it is Oriental Banks of Commerce with 7.3% interest however it is much higher than 7% what the most large banks are currently offering.
Top 7 banks with highest interest rate for FDs with 1 year term
Best banks for 2 years Term: After one year FDs the next tenure for which most of the banks are offering their highest interest rate is 2 years fixed deposits. The interest rates offered by the banks for 2 years tenure is very close to the highest interest rates of one years FDs. RBL Banks with 7.5% interest rate takes the first position while with 7.5% interest rate Bandhan Bank is the second highest interest rate provider in this category. There are 6 banks at the third position with 7.2% interest rate for their 2 years fixed deposits. So pick up the bank which suits you best and go for booking your deposits at the earliest.
Top 11 banks with highest interest rate for FDs with 2 yearr Ttrm
Best banks for 3 years Term: In the category of fixed deposits for 3 years tenure most of the banks are providing lower interest rates. There is only one exception as RBL Bank which is offering the interest rate of 7.7% after which there is a big gap. The second highest interest rate for 3 years tenure is being offered by India Post. It is closely followed by 5 banks which are offering an interest rate of 7.25%. These are still better rate than what the big banks are offering to their depositors.
Top 9 banks with highest interest rate for FDs with 3 years term
Best banks for 5 years Term: This is one of the most preferred longest tenure because it is used by many people for tax saving purpose as 5 years Tax Saver FDs come with deduction benefit under section 80C for investment upto Rs 1.5 lakh per financial year. The highest interest rate is currently offered by India Post which is 7.8%. The second position is taken by RBL Bank with 7.7%. There are 3 banks at the third position with interest rate of 7.25%. As interest rates are likely to fall further or remain low going forward it may make sense for you to lock in your deposits at the current higher rates.
Top 7 institutions with highest interest rate for FDs with 5 years term
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