These banks offer higher FD interest rate above 7 percent. Details here | Mint (2024)

FAQs

Which bank gives 8.5 interest on FD? ›

Unity Small Finance Bank offers a top FD rate of 9% p.a. to general subscribers and 9.5% to senior citizens on FD tenure of 1001 days. For a 1-year FD, the rate is 7.85%, for a 3-year FD, it's 8.15%, and for a 5-year FD, it stands at 8.15%.

Best 12-month fixed deposit rates in September 2024 is 3.30% by Maybank or 3.20% by DBS. Best 6-month fixed deposit rates in September 2024 is 3.55% by Maybank or 3.15% by SBI ($50,000 required). Best 3-month fixed deposit rates in September 2024 is 3.20% by Bank of China or 3.15% by ICBC.

for a tenure of above 18 months to less than 2 years 3 days. Among scheduled public sector banks, the Central Bank of India offers the highest fixed deposit interest rates of up to 7.45% p.a. on a tenure of 444 days. Senior citizens (of age 60 years and above) can earn fixed deposit rates of up to 9.50% p.a.

Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposits for amounts below Rs 2 crore. The latest FD interest rates are applicable from May 1, 2024, according to the Unity Small Finance Bank website.

Why Trust Us? As of September 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking account: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Bank of Baroda: This state bank offers the highest interest rate of 7.25 per cent on fixed deposits of 399-day tenure. Senior citizen depositors are offered 7.75 percent (i.e., an extra 50 basis points) per annum on this tenure.

Which 5 banks have the highest rate of 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%.

Yorkshire Building Society has today announced its brand new 8% regular saver account. With a regular savings account, you commit to paying a certain amount each month. In return, the bank or building society gives you a higher interest rate.

Small Finance Banks

Unity Small Finance Bank is offering fixed deposit interest rates between 7.85 per cent and 9 per cent per annum, with tenures ranging from 1 year to 5 years.

A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)