Why do different banks have different fixed deposit rates?

Fixed deposits in different financial institutions will always have different/varying rates in terms of fixed deposits. read more

The fixed deposits of different banks have different rates because the source of funds for different banks is different and so is the cost of sourcing capital. Bigger banks usually enjoy depositor’s confidence because they think their money is safe in those banks and backed by the government. read more

Bank interest rates are different depending on where you bank and when. Learn what drives rates so you can get the best available for your money. Bank interest rates are different depending on where you bank and when. read more

When deciding rates to be charged or offered, each bank computes the Base Rate by relating the lendable funds that an individual bank has to the deposits, and by how much time they will be repayable to the depositors. read more

When deciding rates to be charged or offered, each bank computes the Base Rate by relating the lendable funds that an individual bank has to the deposits, and by how much time they will be repayable to the depositors. This leads to variation in FD interest rates offered by different banks for a 390-day fixed deposit. read more