Archive · 28 Jul 2025
Comparison of High Interest Rates on Bank Fixed Deposits
Banks are offering different interest rates on fixed deposits (FDs), which are like special savings accounts.
HDFC and ICICI Banks offer 6.6% interest, while Federal Bank offers 6.7% for certain periods.
SBI provides 6.45%.
Older people (senior citizens) get a slightly higher interest rate.
It's a good idea to compare rates from different banks before you decide where to put your money.
Multiple banks offer high interest rates on fixed deposits (FDs).
HDFC Bank offers 6.6% interest on 18-21 month FDs; senior citizens get 7.10%.
ICICI Bank offers 6.6% on 2-10 year FDs; senior citizens earn 7.10%.
Federal Bank provides 6.7% interest on 444-day FDs; seniors get an additional 50 basis points.
SBI offers 6.45% on 2-3 year FDs; senior citizens receive an extra 50 basis points.
- Who
- HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Federal Bank, SBI, and Bank of Baroda
- What
- Several banks offer high interest rates on fixed deposits.
- When
- Interest rates have varying effective dates.
- Where
- N/A
- Why
- To attract customers to open fixed deposits.
- Banks Offering High Rates
- HDFC, ICICI, Kotak Mahindra, Federal, SBI, Bank of Baroda
- HDFC Bank Rate
- 6.6% (18-21 months)
- ICICI Bank Rate
- 6.6% (2-10 years)
- Federal Bank Rate
- 6.7% (444 days)
- SBI Rate
- 6.45% (2-3 years)
- Senior Citizen Benefit
- +50 basis points
