FD interest rates: These top 7 banks offer the highest rates on 5-year fixed deposits
Live MintAt the time of opening a fixed deposit, it is recommended to compare the interest rates offered by different banks. Interest rates offered on five-year fixed deposits Bank Regular Senior citizens HDFC Bank 7 7.5 ICICI 7 7.5 Axis 7 7.75 Yes Bank 7.25 8 SBI 6.5 7.5 Bank of Baroda 6.8 7.4 PNB 6.5 7 As we can see in the table above, HDFC Bank offers 7 per cent and 7.5 per cent on five-year fixed deposits to residents and senior citizens with effect from July 24. Axis Bank offers 7 per cent and 7.75 per cent to regular and senior citizens on its five-year term deposits. Yes Bank, another private lender, offers 7.25 per cent to regular citizens and 8 per cent to senior citizens on its five-year fixed deposits. State lenders State Bank of India offers 6.5 per cent to regular citizens and 7.5 per cent to senior citizens on five-year FDs.