Compare your bank FD rates

Compare your bank FD rates


Fixed deposits (FDs) continue to be popular, not just among senior citizens looking for guaranteed income but also among investors who can’t stomach risk.

But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.

For instance, saving for your child’s higher education that’s 15 years away through FDs may not be effective as the post-tax interest rate of an FD may not give you a real return (return that’s above the rate of inflation).

But if you plan to take a holiday in two years, an FD can help. 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 over various tenures.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here.
Download The Mint News App to get Daily Market Updates.

More
Less

Published: 09 Jan 2024, 02:21 PM IST



Source link

post a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pagespeed Optimization by Lighthouse.