New Delhi, Aug. 11 -- Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks.

Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest.

Besides, investors are tempted to open a fixed deposit account in a bank where they already have an account, however, when the difference in interest rates is substantial, they may get tempted to open a term deposit account at another bank in order to maximise the earnings.

Here, we compare the latest interest rates offered by different banks in private and public sector on their 3-year...