TOP 6 BANKS OFFERING THE HIGHEST RATES ON 5-YEAR FDs
Published By Moushumi Mahanta | 03 Sep, 2024
It is recommended to compare interest rates among different banks before opening a fixed deposit (FD) account, as longer tenures usually offer higher rates.
Credit : PEXELS
Here are the 6 banks offering the highest rates on 5-year FDs:
Credit : PEXELS
State Bank of India
Offers 6.5% on five-year FDs for regular citizens and 7.5% for seniors; the highest rate of 7% is for FDs with a tenure of 2-3 years.
Bank of Baroda
Provides 6.5% on five-year FDs and 7.15% for seniors; the highest rate of 7.25% is available on 399-day FDs.
HDFC Bank
Offers 7% on five-year FDs for regular citizens and 7.5% for seniors; the highest rate of 7.4% is available on 55-month FDs.
ICICI Bank
Provides 7% on five-year FDs and 7.5% for seniors; the highest rates of 7.25% and 7.8% are available on FDs with tenures between 15 and 18 months.
Kotak Mahindra Bank
Offers 6.2% on five-year FDs for regular citizens and 6.7% for seniors; the highest rate of 7.4% is available on 390-day FDs.
Punjab National Bank
Provides 6.5% on five-year FDs and 7% for seniors; the highest rate of 7.25% is available on 400-day FDs.