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The best Interest Rates on Term/Fixed Deposits in India, as of November 2011 are:
Short Term (Approximately around 6 months)
Bank NameRate of InterestDeposit PeriodHDFC Bank7.75%6 month 16 daysICICI Bank7.75%190 daysPunjab National Bank8%180 days to Less than 1 yearState Bank of India7.25%91 days to 179 daysIndian Bank7.75%181 days to 9 monthsAxis Bank7.5%6 months to Less than 1 yearKarur Vysya Bank7.65%31 days to 270 daysIndian Overseas Bank7.75%91 days to 120 daysIDBI Bank8%91 days to Less than 6 monthsKotak Mahindra Bank7.75%91 days t0 180 days
Long Term (1 year or More)
Bank NameRate of InterestDeposit PeriodHDFC Bank9.25%1 year 16 daysICICI Bank9.25%390 daysPunjab National Bank9.35%777 daysState Bank of India9.25%Greater than 1 yearIndian Bank9.5%1 to 3 yearsAxis Bank9.4%1 year to 14 monthsKarur Vysya Bank9.75%1 to 3 yearsIndian Overseas Bank9.25%444 daysBank or Baroda9.35%444 daysIDBI Bank9.5%500 daysKotak Mahindra Bank9.5%1 year to 389 days
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What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
What are CD interest rates and how can you tell which is the best one?
Interest rates for Certificates of Deposit (CDs) are the rate at which your term deposit gains interest. Usually the best one is the biggest, but watch out for banks that may compound the interest at different intervals.
What are CD interest rates for US banks?
CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.
Can a bank in India change the rate of interest during the currency of a term deposit with them?
No. The rate of interest on a term deposit (Fixed Deposit) cannot be changed during the duration of the deposit. For Ex: you deposit Rs. 10000/- on Jan 1st 2011 with a bank in India at 8% rate of interest for a period of 1 year. Even if the deposit rates change to let's say 7.5% a few weeks after that, the bank has to honor the commitment it has given to you at the time of opening the term deposit and it cannot change the rate of interest.
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
Where could a person find the interest rates for certificates of deposit?
A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.
What are CD interest rates and how can you tell which is the best one?
Interest rates for Certificates of Deposit (CDs) are the rate at which your term deposit gains interest. Usually the best one is the biggest, but watch out for banks that may compound the interest at different intervals.
What are CD interest rates for US banks?
CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.
Where can I find interest rates for a high certificate of deposit?
Interest rates are printed daily in the newspaper.
Can a bank in India change the rate of interest during the currency of a term deposit with them?
No. The rate of interest on a term deposit (Fixed Deposit) cannot be changed during the duration of the deposit. For Ex: you deposit Rs. 10000/- on Jan 1st 2011 with a bank in India at 8% rate of interest for a period of 1 year. Even if the deposit rates change to let's say 7.5% a few weeks after that, the bank has to honor the commitment it has given to you at the time of opening the term deposit and it cannot change the rate of interest.
How do I get the best high certificate of deposit interest rates?
You will recieve a higher rate of interest as your deposit amount increases.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
What are the interest rates available for a Citibank CD?
Interest rates for Certificate of Deposit through Citibank vary depending on the length of term. 3 month to 5 month offers a 0.05% interest. This increases to 0.50% at the 5 year mark.
What are cdrates?
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
Discuss the relative volatility of short- and long-term interest rates?
short- and long-term interest rates usually move in the same direction. Yield curve is often upward, so, long-term interest rates are usually higher than short-term interest rates. short-term interest rates are often more fluctuating than long-term rates.
