FD interest rates, Jan. 6 -- Before you lock your savings into a fixed deposit (FD) account, you must compare the interest rates offered by different banks. Typically, long-term FDs deliver a relatively higher return over their shorter counterparts. For instance, most banks generally give a higher interest rate on their 3-year FDs vis-a-vis 1-year FDs. But this is not a rule of thumb.

Here, we list out interest rates offered by all the top banks - private as well as state banks on their 3-year fixed deposits so that one can choose the one which offers a higher return. Even a small difference of 50 bps can make a significant difference to your overall return.

For instance, when you invest Rs.10 lakh in a fixed deposit (FD) account, a ban...