Fixed deposit Offer a guaranteed return with fixed interest on a fixed tenure basis. the construction of fixed deposit ladder Will help make it easier for you to meet your short-term and long-term goals.

Here the banks are offering the highest 5 year fixed deposit interest rates.

Keep in mind that not all FD tenures have the same interest rate while investing. Even if you select the longest tenure option, the interest rate may not be the highest. Select the tenure that offers you the highest interest rate using the compound interest calculation.

take advantage of power of compounding

according to

, “An excellent hack to earn more using FD is to earn interest on interest! How? By choosing a cumulative FD plan. While a non-cumulative fixed deposit gives you regular returns, the cumulative option allows you to deposit the interest amount and reinvest it along with your principal amount. Therefore, you earn even more on your deposits, which can add up to a substantial amount over a long period of time.”