High Yielding Fixed Deposits to Buy before the Year End
We are going enter in the New Year and sources state that RBI is pulling down the interest rates in the coming year. Hence if you want to earn huge interest rates on your investments, it is ideal for you to do it immediately. Here is a list of certain deposits that yield higher interest rates.
- HDFC banks offers fixed deposits with an interest rate of 9.35 percent to 9.40 percent. These are rated as AAA from CRISIL and ICRA and considered as the highest secured deposits for the last 19 successive years.
- Mahindra Finance’s fixed deposits can earn up to 9.75 percent if they are kept for a period of three years. The fixed deposits of 18 month and 24 month can earn 9.25 percent and 9.50 percent respectively.
- KTDFC which is backed by the government of Kerala offers 10 percent interest rates on one, two and three year deposits if they are under Rs.25 lakhs, and the interest rate is 10.25 percent for the deposits above Rs.25 lakhs. Senior citizens can earn 0.25 percent more interest on their deposits.
- Sundaram Finance offers 9.75 percent interest on the deposits for one year. The deposits for two years and three years can earn 9.75 percent to 11. 5 percent.