New Delhi, June 2 -- Before opening a fixed deposit (FD), it is common among depositors to compare the interest rates offered by different banks. Typically, investors need to keep the money locked for a long period to earn a higher rate of interest. This is because the compounding comes into play.

For instance when you earn 5 percent on yourfixed deposit in the first year, the income gets added in the second year on which you stand to earn the interest. Here we compare theinterest rates offered by different banks on their five-year fixed deposits.

HDFC Bank: This largest private sector bank offers 6.65 percent on a five year fixed deposit to regular citizens and 7.15 percent to senior citizens.

ICICI Bank: Thisprivate sector bank offer...