This bank offers up to 7.25% saving account interest rates, 8.5% FD rates; check details (2024)

FAQs

Which bank gives 7% interest on savings accounts? ›

As of September 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions offer high-interest checking accounts: Landmark Credit Union Premium Checking with a 7.50% APY and OnPath Credit Union High Yield Checking with a 7.00% APY.

NorthEast Small Finance Bank is offering a 9% interest rate on its FD maturing in three years. Suryoday Small Finance Bank is offering an 8.6% interest rate on its FDs maturing in three years. Utkarsh Small Finance Bank is offering an interest rate of 8.5% on its FD maturing in three years.

North East Small Finance Bank is offering up to 9.5% interest rate on its FD for a three-year tenure.

ICICI Bank offers best FD Interest rates, up to 7.1% per annum, for General Citizens and up to 7.65% per annum for Senior Citizens (60+). Senior Citizen enjoy an extra 0.5% interest on all tenures and a special 0.10% additional rate for tenures over 5 years through the Golden Years Scheme.

Small Finance Banks

Unity Small Finance Bank is offering fixed deposit interest rates between 7.85 per cent and 9 per cent per annum, with tenures ranging from 1 year to 5 years.

Which bank has the highest FD interest rate in 2024? ›

Federal Bank fixed deposit: The bank has revised its FD rate with effect from September 16, 2024. The highest interest rate offered is 7.9% and it is applicable for FDs worth less than Rs 3 crore.

Federal Bank FD Rates

Federal Bank offers FD interest rates of 3.00-7.40% p.a. to the general public and 3.50-7.90% p.a. to senior citizens on tenures ranging from 7 days to 5 years & above.

See how we rate banking products to write unbiased product reviews. A 7% interest savings account is hard to come by. The only institution we found offering such a high rate is Landmark Credit Union.

Unity Finance Bank's highest FD rate

The small finance bank is offering its highest rate on fixed deposits with a tenure of 1001 days, providing regular investors with 9% interest and senior citizens with 9.5% interest.

You can earn a 7% interest rate on your money in a few different ways. It's possible to earn that much interest by investing, but there are no guarantees. Finding a high-yield savings account, CD or money market account that offers a 7% interest rate can be a more secure way of earning that rate.

Currently, no U.S. banks or credit unions are offering 7% APY on CDs. During August 2023, a few credit unions were offering 7% interest on CDs, but those were limited-time offers that are no longer available.