Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (2024)

ET Online|

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (1)

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Best FDs

Here is a look at 5 banks offering the best rates on 2-year FDs. (Source: Compiled by ETIG; interest rates as on May 16, 2024)

ET Online

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (2)

2/6

RBL Bank

RBL Bank is offering 8% interest rate on 2-year FDs.

ET Online

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (3)

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IDFC First Bank

IDFC First Bank is offering 7.75% interest rate on 2-year FDs.

ET Online

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (4)

4/6

Indusind Bank

Indusind Bank is offering 7.75% interest rate on 2-year FDs.

ET Bureau

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (5)

5/6

DCB Bank

DCB Bank is offering 7.55% interest rate on 2-year FDs.

ET Bureau

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (6)

6/6

Bank of India

Bank of India is offering 7.25% interest rate on 2-year FDs.

ET Online

Banks offering highest interest rates on 2-year FDs; earn up to 8% interest rate - Best FDs (2024)

FAQs

Which bank gives 8% interest? ›

Some of the banks providing these rates include NorthEast Small Finance Bank, which offers a 9%, followed by Unity Small Finance Bank and RBL Bank, both providing rates of up to 9% and 8.10%, respectively. YES Bank and Deutsche Bank also feature on the list, with competitive rates of 8%.

Which bank has highest rate of interest on FD for 2 years? ›

Fixed Deposits Highest Interest with a 2-year Tenure in 2024
BankInterest Rates for General Public (p.a.)Interest Rates for Senior Citizens (p.a.)
Mahindra Finance FD7.75%Contact the Bank
ESAF Bank FD8.50%9.00%
Bandhan Bank FD7.25%7.75%
DCB Bank FD7.55%8.05%
8 more rows

Which bank gives 8% interest on savings accounts? ›

Currently, no banks offer an interest rate of 8% on savings accounts. However, some banks provide a 7% APY on checking accounts.

Which bank is giving 7% interest in savings accounts? ›

There are no national or community banks offering 7% interest on a savings account right now. Landmark Credit Union, which serves residents in select counties in Wisconsin and Illinois, pays 7.50% APY on its Landmark Credit Union Premium Checking Account — however, there are some major caveats to consider.

Which bank gives 9.5 interest rate? ›

Unity Finance Bank's highest FD rate

The small finance bank is offering its highest rate on fixed deposits with a tenure of 1001 days, providing regular investors with 9% interest and senior citizens with 9.5% interest.

Which bank FD rate is high for senior citizens? ›

Unity Small Finance Bank's latest senior citizen FD interest rates. Unity Small Finance Bank is offering an 8.65% interest rate on its FDs maturing in five years.

What is the highest interest rate for FD in Federal Bank? ›

Federal Bank FD Rates

Federal Bank offers FD interest rates of 3.00-7.40% p.a. to the general public and 3.50-7.90% p.a. to senior citizens on tenures ranging from 7 days to 5 years & above.

Which government bank is best for fixed deposits? ›

FD Interest Rates – 1 Year and 3 Years
Bank1 Year3 Years
State Bank of India6.80% p.a.6.75% p.a.
Tamilnad Mercantile Bank7.00% p.a.6.50% p.a.
UCO Bank6.50% p.a.6.30% p.a.
Union Bank of India6.80% p.a.6.70% p.a.
16 more rows

Which bank has the highest fixed deposit rate now? ›

Best Fixed Deposit Rates in Singapore (September 2024)
BankHighest interest rate available (p.a.)Tenure
ICBC3.15%3 months
HSBC3.00%4 months
Standard Chartered3.00%3 months
RHB2.95%3 / 6 months
11 more rows
Sep 6, 2024

Who pays 8% interest on savings? ›

Regular savers open to all – what we'd go for
ProviderRate (AER)Max monthly deposit
Principality BS8% fixed for six months£200
Coventry BS6.25% variable for a year£150
Halifax5.5% fixed for one year£250

Where can I get 7% on my money? ›

OnPath Federal Credit Union customers can currently access a 7% APY on average daily checking account balances up to $10,000. Landmark Premium Credit Union is another credit union offering a high rate on checking deposits. You can earn 7.50% APY on deposits of up to $500.

How do I get 10% interest on my money? ›

Here's my list of the 10 best investments for a 10% ROI.
  1. How to Get 10% Return on Investment: 10 Proven Ways.
  2. Invest in the Private Credit Market.
  3. Paying Down High-Interest Loans.
  4. Stock Market Investing via Index Funds.
  5. Stock Picking.
  6. Junk Bonds.
  7. Buy an Existing Business.
  8. Peer-to-Peer Lending.
Sep 6, 2024

Which bank gives 7% interest? ›

First Direct

Which 5 banks have the highest rate of interest? ›

Best High-Yield Savings Account Rates for August 2024
  • Newtek Bank – 5.25% APY.
  • Evergreen Bank Group – 5.25% APY.
  • VirtualBank – 5.25% APY.
  • My Banking Direct – 5.25% APY.
  • CFG Bank – 5.23% APY.
  • UFB Direct – 5.15% APY.
  • RBMAX – 5.15% APY.
  • Bread Savings – 5.15% APY.

Which bank has the highest yielding savings account? ›

Summary of Best High-Yield Savings Accounts of 2024
ACCOUNTANNUAL PERCENTAGE YIELDMINIMUM DEPOSIT REQUIREMENT
EverBank Performance℠ Savings5.05% APY$0
BrioDirect High Yield Savings Account5.30% APY$5,000
Ivy Bank High-Yield Savings Account5.30% APY$2,500
Capital One 360 Performance Savings Account4.25% APY$0
7 more rows

What bank is giving 8% interest? ›

Regular savers open to all – what we'd go for
ProviderRate (AER)Max monthly deposit
Principality BS8% fixed for six months£200
Coventry BS6.25% variable for a year£150
Halifax5.5% fixed for one year£250

How can I get 8% interest? ›

Some of them include: DCB Bank: This bank provides interest rates of up to eight per cent on savings accounts, making it the top choice among private banks in terms of interest rates. The minimum balance requirement ranges from ₹2,500 to ₹5,000.

What bank is paying the highest interest right now? ›

Best High-Yield Savings Account Rates for September 2024
  • Poppy Bank – 5.50% APY.
  • Western Alliance Bank – 5.31% APY.
  • Forbright Bank – 5.30% APY.
  • Vio Bank – 5.30% APY.
  • BrioDirect – 5.30% APY.
  • Ivy Bank – 5.30% APY.
  • TotalBank – 5.26% APY.
  • Jenius Bank – 5.25% APY.

Which bank gives the highest interest rate? ›

As of 2024, Canara Bank offers the highest interest rate of 7.25% for 444 days. Q4. Can I withdraw from a Tax Saver Term Deposit early? No, you cannot remove a tax-saver term deposit early because it has a 5-year lock-in period.

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