High Interest Fixed Deposit Accounts in 2018

Updated: Oct 31, 2018

You saved money in the bank account, but why let it sit idle? Open a Fixed deposits. FD account gives you better interest on your deposit risk free. Interest rates on FD accounts are higher than savings accounts. A fair chance, therefore, to earn higher returns! If you have in mind a long-term financial goal then also FD is more flexible and profitable.


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Plenty of banks out there offer you high interest fixed deposit account, so you can avail the facility to get better out of your money. Of course, it is your go-for option if you are looking for a risk-free long-term as well as short-term investment.


Here is our list of banks that offer high interest on your fixed deposits. Also, you can join our forum and newsletter to get better deals in your inbox. Join here.


1. High Interest Fixed Deposit Accounts in 2018


If you plan FD for the tenure of 1 year, go for RBL Bank. In that tenure, it is offering a hefty 7.75 percent interest rate, which is highest you get. IDFC Bank offers 8.00 percent, but for 3-year tenure, which is also highest interest rate you get on your FD. See below the complete list with bank name, deposit duration and interest rate respectively.

  • RBL Bank 1 year FD 7.75%

  • IDFC Bank 3 year FD 8.00%

  • DBS Bank 5 year FD 7.50%

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2. High Interest Fixed Deposit Accounts for Senior Citizens in 2018


It's actually better investment option for senior citizens. The data above bears it out. It's risk-free and flexible, so your peace of mind isn't disturbed as you plan terms and tenure according to your budget. Also, not to ignore the high-interest rate they get on their FD. See below the complete list with bank name, tenure and interest rate respectively.


  • IDFC Bank 366 days 8%

  • RBL Bank 1 to 5 years 7.15 – 7.85%

  • Yes Bank 3 to 6 months 7.40%

  • ICICI Bank 390 days to 2 years 7.25%

  • HDFC Bank 1 year 17 days to 5 years 7.50%

  • PNB 1 year to 3 years 7.25%

  • SBI 3 to less than 5 years 7.20%

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3. Top 10 Banks in India that Offer High Interest FD Accounts in 2018


AS you can see from the list below, IDFC Bank among others is the only bank offering an interest rate of 8.25 percent on FD. The only thing required of you to avail its benefits is patience for a tenure ranging between 3 years 1 day to 10 years. With the variations in tenure time, amount of money deposited, the interest rates vary as well.


- SBI Bank

  • With SBI Fixed Deposit, you get FD interest rate of 5.75 – 6.85% and senior citizen rate of 6.25 – 7.35%.

- HDFC Bank

- ICICI Bank

- Axis Bank

- Kotak Bank

- IDFC Bank

  • With IDFC Bank Fixed Deposit, you get FD interest rate of 4.00 – 8.25% and senior citizen rate of 4.50 – 8.75%.

- Bank of Baroda

  • With Bank of Baroda Fixed Deposit, you get FD interest rate of 4.25 – 6.75% and senior citizen rate of 4.75 – 7.25%.

- Citibank

  • With Citibank Fixed Deposit, you get FD interest rate of 3.00 – 7.50% and senior citizen rate of 7.75%.

- IDBI Bank

  • With IDBI Bank Fixed Deposit, you get FD interest rate of 5.75 – 6.85% and senior citizen rate of 7.35%.

- Indian Bank

  • With Indian Bank Fixed Deposit, you get FD interest rate of 4.50 – 6.75% and senior citizen rate of 5.00 – 7.25%.

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