Compare Your Bank FD Rates

Bank fixed deposits (FDs) remain a popular investment product not only among senior citizens who are looking for guaranteed income but also among investors who cannot take risk. But over-exposure in FDs is not good, and you need to assess your asset allocation and goals to decide how much you should invest in them. For example, saving for your child’s higher education that is 15 years away through an FD may not be effective as the post-tax interest rate of FD may not give you a real return (return that is less than the rate of inflation). above), but FDs can help if you plan to take a vacation in two years. Before choosing an FD, you should compare the interest rates on offer. Here is a list of banks that offer the highest FD rates for deposits up to 1 crore in different tenures.