Which Bank is better for deposit - Which Bank is better for deposit

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 Fixed deposits are one of the most popular investment options in Bangladesh. Fixed deposits offer a fixed rate of interest for a fixed term, making them a popular choice among investors looking for a safe and low-risk investment option. In this article, we will look at some of the best banks for fixed deposits in Bangladesh.

Which Bank is better for deposit - NeotericIT.com

Which Bank is better for deposit - NeotericIT.com

Dutch-Bangla Bank Limited

Dutch-Bangla Bank Limited is one of the most popular banks in Bangladesh, known for its innovative banking products and services. The bank offers a range of fixed deposit products including short-term fixed deposits, medium-term fixed deposits and long-term fixed deposits.


The interest rate offered by Dutch-Bangla Bank Limited on fixed deposits is the highest in the country. Banks offer interest rates of up to 8% per annum on long-term fixed deposits. The bank also offers a range of value-added services such as SMS banking, internet banking and mobile banking, which make it easier for customers to manage their fixed deposits.


BRAC BANK LIMITED

BRAC Bank Limited is another popular bank in Bangladesh that offers a range of fixed deposit products. The bank offers fixed deposit products of various tenures including 1 month, 3 months, 6 months, 12 months and 24 months.


The interest rates offered by BRAC Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


Eastern Bank Limited

Eastern Bank Limited is one of the oldest and established banks in Bangladesh. The bank offers a range of fixed deposit products including short-term fixed deposits, medium-term fixed deposits and long-term fixed deposits.


The interest rates offered by Eastern Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


Standard Chartered Bank Bangladesh

Standard Chartered Bank Bangladesh is a popular bank in Bangladesh that offers a range of fixed deposit products. The bank offers fixed deposit products of various tenures including 1 month, 3 months, 6 months, 12 months and 24 months.


The interest rates offered by Standard Chartered Bank Bangladesh on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


PRIME BANK LIMITED

Prime Bank Limited is one of the fastest growing banks in Bangladesh, known for its innovative banking products and services. The bank offers a range of fixed deposit products including short-term fixed deposits, medium-term fixed deposits and long-term fixed deposits.


The interest rates offered by Prime Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


Islami Bank Bangladesh Limited

Islami Bank Bangladesh Limited is a popular bank in Bangladesh that offers a range of Shariah-compliant fixed deposit products. The bank offers fixed deposit products with tenure of 1

Islami Bank Bangladesh Limited also offers competitive interest rates on its fixed deposit products, making it an attractive option for investors who prefer Shariah-compliant banking products. The bank offers interest rates up to 8.25% per annum on long-term fixed deposits.

Islami Bank Fixed Deposit Rate 2023 - Islami Bank Monthly Profit Calculation 2023

Until 2023, Islami Bank Bangladesh Limited offers competitive fixed deposit rates to its customers. Islami Bank is a popular bank in Bangladesh that offers various Shariah-compliant banking products including fixed deposits.


The fixed deposit rate offered by Islami Bank is determined based on the tenure of the fixed deposit. The longer the tenure of the fixed deposit, the higher the interest rate. Following are the fixed deposit rates offered by Islami Bank for 2023:


TenureInterest Rate
1 month4.50%
3 Months4.75%
6 Months5.25%
12 Months5.50%
24 Months6.00%
36 Months6.25%
48 Months6.50%
60 Months6.75%

It is important to note that the above rates are subject to change at any time at the discretion of the bank Customers are advised to check with the bank for the latest fixed deposit rates before taking any investment decision.


Islami Bank's fixed deposit products offer customers various benefits, including competitive rates, flexible tenor and peace of mind while investing in Shariah-compliant products. In addition, Islami Bank offers a range of value-added services such as online banking, mobile banking and SMS banking, which make it easier for customers to manage their fixed deposits.


To open a fixed deposit account with an Islamic bank, customers need to provide the bank with their identification documents, such as a national identity card or passport, and fill in a fixed deposit application form. Customers can also open fixed deposits online through the bank's website or mobile banking app.


ONE BANK LIMITED

One Bank Limited is another popular bank in Bangladesh that offers a range of fixed deposit products. The bank offers fixed deposit products of various tenures including 1 month, 3 months, 6 months, 12 months and 24 months.


The interest rates offered by One Bank Limited on fixed deposits are competitive, and the bank offers interest rates of up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.

PRIME BANK LIMITED

Prime Bank Limited is one of the fastest growing banks in Bangladesh, known for its innovative banking products and services. The bank offers a range of fixed deposit products including short-term fixed deposits, medium-term fixed deposits and long-term fixed deposits.


The interest rates offered by Prime Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


TRUST BANK LIMITED

Trust Bank Limited is a popular bank in Bangladesh that offers various types of fixed deposit products. The bank offers fixed deposit products of various tenures including 1 month, 3 months, 6 months, 12 months and 24 months.


The interest rates offered by Trust Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


Mutual Trust Bank Limited

Mutual Trust Bank Limited is another popular bank in Bangladesh that offers a range of fixed deposit products. The bank offers fixed deposit products of various tenures including 1 month, 3 months, 6 months, 12 months and 24 months.


The interest rates offered by Mutual Trust Bank Limited on fixed deposits are competitive, and the bank offers interest rates up to 7.5% per annum on long-term fixed deposits. The bank also offers various value-added services, such as online banking, mobile banking, and SMS banking, which make it easier for customers to manage their fixed deposits.


Conclusion

To conclude, there are many banks in Bangladesh that offer attractive fixed deposit products with competitive interest rates. It is important to compare the interest rates, tenure and value added services offered by different banks before deciding where to invest your money. It is also important to consider the bank's reputation and financial stability before investing your money in fixed deposits. By doing your research and making an informed decision, you can find the best bank for fixed deposits in Bangladesh that meets your investment needs and goals.

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