Monday, December 29, 2008

Highest Bank Fixed Deposit rates for different time periods

The interest rates are peaking across different maturities and here is quick review of the highest interest rates across different time frames offered by various banks. 


Time Period Bank(s) Interest rate

15 - 29 days Barclays Bank  6.75%

30 - 45 days Barclays Bank, 
DBS Bank 7.25%

46-60 days Oriental Bank of 
Commerce 8.25%

61 - 90 days  Oriental Bank of
Commerce 8.25%

91 - 179 days ING Vysya Bank 10.00%

180 - 364 days State Bank of 
Hyderabad 10.25%

1 yr - 2 yrs DBS Bank 11.25%

2 yrs - 3 yrs CUB, KVB, LVB 11.00%

3 yrs - 5 yrs  Karnataka Bank 11.00%

In addition to the above, there are "Special Deposit Rates" offered by banks which are as follows:

Bank Rate Term (Days)

ICICI Bank 10.50% 890

City Union Bank 11.30% 1000

Federal Bank 10.00% 365

Standard Chartered 10.00% 401

ING Vysya Bank 10.50% 365

Tamilnad Mercantile
Bank 11.00% 1095

Please note that these special deposit rates are applicable only if you choose the specified term mentioned above. 

Make best use of this opportunity to lock in your fixed deposits componenet of your asset allocation. 





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