Which bank has the best fixed deposit rate in Kenya?

Which small bank has highest fixed deposit rate?

Small Finance Bank FD Rates

Bank FD Rate of Interest Tenure
Equitas Small Finance Bank 3.60 – 6.80% 7 days to 10 years
Jana Small Finance Bank 2.50 – 6.75% 7 days to 10 years
AU Small Finance Bank 3.50 – 6.50% 7 days to 120 months
ESAF Small Finance Bank 4.50 – 6.50% 7 days to 3653 days

Which bank has the highest fixed deposit rates?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%

Which bank FD rate is high 2020?

IndusInd Bank is the topmost bank for 1 year FD as it offers the highest interest rate of 7.00% on deposits of this tenure.

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Which is the best bank to save money in Kenya?

Best Banks In Kenya To Open A Savings Account And Earn High Interest

Bank Account Name Interest rate %
Mayfair Bank Savings 3.5%
Children Savings 3.5%
Middle East Bank Kenya Savings 3%

Which bank is good for fixed deposit?

Fixed Deposit Interest Rates offered by Large Banks

Bank Name FD Interest Rates Deposit Tenure
HDFC 5.5% 5 years 1 day up to 10 years
SBI 5.4% 5 years and up to 10 years
Kotak Mahindra 5.3% 5 years and up to 10 years
Bank of Baroda 5.25% Above 5 years and up to 10 years

Which bank is best for fixed deposit for 1 year?

FD Interest Rates with a 1-year Tenure

Top 10 1-year FDs for 2021
Bank Regular FD Rates (per annum) Senior Citizen FD Rates (per annum)
Fincare Small Finance Bank 6.00% 6.50%
ICICI Home Finance 4.30% 4.55%
Repco Bank 6.25% 6.75%

Will fixed deposit rates increase in 2020?

This could change in 2021 as interest rates on fixed deposits could start inching up. Here is why. In 2020, the Reserve Bank of India’s (RBI) measures were targeted to keep the policy rates down throughout the year, extending into 2021.


Date of update Repo Rate
04th Dec 20 4.00%
05th Feb 21 4.00%

Which is better Bank FD or Post Office FD?

Post Office Time Deposit

Term deposit schemes of the post office are equivalent to bank FDs. … It currently gives an interest rate of 5.5 per cent on a one-year time deposit for three years. The Post Office proposes an interest rate of 6.7 per cent on a five-year term deposit.

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Which bank is best for fixed deposit in 2021?

Top Bank Fixed Deposit Schemes in 2021

Bank Less than 1 year 1 year to 3 years
ICICI 4.00% to 6.50% 6.50% to 6.75%
Citibank 3.00% to 5.00% 5.00%
Axis Bank 3.50% to 6.50% 6.75% to 6.90%
HDFC Bank 3.50% to 6.25% 6.00% to 6.75%

Is Yes Bank FD 2020 Safe?

Safety of Yes Bank Deposits : Yes Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC. Loan against FD : Yes Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.

Is Post Office FD safe?

“Irrespective of the amount of deposit, the safety in post office FD is the highest as they are backed by a government guarantee,” say experts. Additionally, investments made under the 5-year fixed deposit account qualify for income tax benefits under Section 80C of the Income Tax Act, 1961, according to India Post.

Which bank in Kenya is the best?

Top Banks in Kenya

  • The Top Banks in Kenya Include:
  • Equity Bank Kenya. …
  • Standard Chartered Bank Kenya. …
  • Barclays Bank Kenya. …
  • Kenya Commercial Bank. …
  • Cooperative Bank of Kenya. …
  • Diamond Trust Bank of Kenya. …
  • National Bank of Kenya.

What is the best account to earn interest?

High-yield savings accounts are a type of savings account, complete with FDIC protection, which earn a higher interest rate than a standard savings account. The reason that it earns more money is that it usually requires a larger initial deposit, and access to the account is limited.

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Which bank gives loans easily?

Comparison of Best Personal Loan Providers in India

Name of the Lender Loan Amount Interest Rate (p.a.)
State Bank of India (SBI) Up to Rs. 20 lakh. 9.60% onwards
HDFC Bank Up to Rs. 40 lakh. 10.50% onwards
ICICI Bank Up to Rs. 25 lakh. 10.50% onwards
Axis Bank Up to Rs. 15 lakh. 11% onwards
Across the Sahara