Investors can choose from a wide range fixed deposits (FD) that offer a high rate of interest for 5 years. Generally, most 5-year fixed deposit schemes come as tax saver plans but one can also opt for other types of FDs in this tenure range. The highest yielding fixed deposit scheme is offered by IDFC Bank, which pays interest at the rate of 7.20% for 5 years.
Given below is an updated table of top banks in India that offer 5-year FDs:
|Top Bank 5-year FDs in 2019|
|Tenure||Regular FD Interest Rates (per annum)||Senior Citizen FD Interest Rates (per annum)|
*Deposit rates are dynamic and can be updated by banks without prior notice from time to time