Banks offering the highest interest rates on a 5 year fixed deposit?

Answer 1

Why do you want to go for long terms, when you get better rate in short term?

Check co-operative banks in area nearby you. Generally they offer better deal (rate wise, duration wise)

Answer 2

Try FatWallet, they have a thread on the best CD rates. for example, for 3-month CDs:

*U $$$$+ State Bank of India 5.56%
U $$$ VirtualBank 5.56%
U $ Imperial Capital Bank 5.50%
*U $$$$ State Bank of India 5.46%
U $$ Indy Mac Bank 5.45%
S $$$ Countrywide 5.30%
D $$$$+ Stearns Bank 5.30%
D $$$$+ Advanta Bank Corp 5.30%
S $$$ FirstFedDirect 5.26% - California residents excluded from this offer.
U $ Gmac Bank 5.25%
S $$$$+ ESB Bank 5.25%
etc

Answer 3

At present we cay say, they are offering high interest rate on small FD like 1 yrs etc. It is less in case of 5 yrs plans but comapratively more.

Answer 4

ICICI,INDUSIND BANK, SBI all are offering very high upto 10% pa interest on 5 yr FDs which are eligible for deduction under section 80c. But the interest is taxable.

Answer 5

try an online bank like ing direct they all offer much better rates on savings accounts and cds.

Answer 6

Check following banks

ICICI Bank
Allahabad Bank
SBI

Don't go for any co operative of small banks. variation of 0.5 % interest is ok but security is most important.

Answer 7

Hello Ramcam :
Send me an email at [e-mail] will surely tell you how invest to do it without any risks. At good leverages
Dont waste your time looking around

Regards

Answer 8

icici, sbi, lvb, cub, tmbc, for all i suppose
sure for senier citizen.