The corporation Bank offers decent and almost constant FD interest rate of 9 percent for a period of 1-5 years with an additional .50 percent for senior citizens (which is not true in all the cases since there is no benefit for them between 1-5 Crore investment or when period is less or both).
To avail the extra interest rates, the seniors must invest for at least 3 months but still check on other constraints(like amount) if apply. The Fixed deposit interest rates for Corporation Bank are quite low for any period between 0-6 months but gradually increase up to 9 percent if the investment is for more than six months.
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They reach a maximum of 8.90 percent (9.15 for seniors) under a special ‘555’ days investment scheme. If you are planning an investment for 1-2 year, then this 555 days plan would provide you with the best FD rates to go for without giving a second thought.
|TIME PERIOD||BELOW ONE CRORE|
|Senior Citizen Rates|
|7 – 14 Days||5.50||6.00|
|15 – 30 Days||6.00||6.50|
|31 – 45 Days||6.00||6.50|
|46 – 60 Days||6.00||6.50|
|61 – 90 Days||7.50||8.00|
|91 Days – 180 Days||7.50||8.00|
|181 Days – 270 days||8.00||8.50|
|271 Days – 1 year||8.25||8.75|
|1 Year – 2 Years||8.80||9.05|
|2 Years – 3 Years||8.90||9.15|
|3 Years – 5 Years||8.90||9.15|
|5 Years – 10 Years||8.90||9.15|
|Above 10 Years||8.90||9.15|
Corporation Bank provides good interest rates for above one year fixed deposits. To get full Corporation Bank interest rates details visit official website @http://www.corpbank.com/rates_deposit_rate
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