Best Fixed Deposit Bank in Bangladesh: 2025 Guide

In Bangladesh, Fixed Deposits (FDs) even considered by all of the people are one of the safest and most steady investment opportunities. In general, FDs give more interest compared to the regular savings bank accounts and are fixed returns on your money for a specific duration. Now the thing is that as there are too many banks in Bangladesh who provides a variety of FD schemes, deciding which bank is best for fixed deposit can be very puzzling. In this guide, you will learn the best banks in bangladesh and how to compare their interest rates, benefits, features etc so as to make a better choice.

We will in this article look into the best Fixed Deposit schemes provided by which Banks of Bangladesh for 2024. We will also examine the factors interest rates, tenure options and account terms to ensure you get a higher return on your investment.

Best Fixed Deposit Bank in Bangladesh (Explained)

Fixed Deposit is a popular choice for those looking to invest in Bangladesh because of the tons of benefits they offer, which makes investing safe and risk free. The tenure options are also flexible and can be for just a few months to several years, whatever is most comfortable for the customer.

Benefits of Fixed Deposits

Fixed deposits provide you with assured returns: Because of the fact that fixed deposit comes up with a known interest rate which is not affected by surge and drops in market. If you lock in the rate, it is fixed for life guarantying secure returns.

Flexible Tenure: FDs have a tenure ranging from 3 months to as long as 10 years. Investors can pick a term that aligns with their financial goals while affording themselves the flexibility they need.

Low Risk: FDs are not attached to the stock market or other high risk investments, which is why it acts as a safe haven for those who wants enjoy low level of return while preserving his capital.

Factors to be considered when selecting a bank for FDs

Before selecting the top bank for your fixed deposit amongst all FDs available in banks, here are a few points which you should take care of.

• Interest Rate: The rate of return should be the most critical factor for your investment. Banks provide interest rates for fixed deposits based on the deposit tenure and amount deposited.
• Tenure Options: A few banks offer a little more flexibility here, depending on the option chosen and other factors that will be individual bank policies. Think about how long you want to tie up your money.
• Rules for Premature Withdrawal : FDs offer safe returns but a situation may demand you to make early withdrawal. Find a bank that offers good conditions for early redemption with no excessive penalties.

Top Banks Fixed Deposits in BD

There are many banks in Bangladesh that provide some appealing fixed deposit schemes. Here are the best banks that one can consider owing to their offer interest rates, tenure flexibility and customer benefits.

BRAC Bank Fixed Deposit Scheme

BRAC Bank: As a leading private bank in Bangladesh, it provides excellent fixed deposit schemes with lucrative interest rates too. While their FD schemes can accomodate short time investors as well long term.

• Interest Rate :BRAC Bank provides Interest rates between 5. 5%-7% based on the term of FD
• Returns: The Tenure options are 3 months to five years.
• Pros: Interest may be reinvested or set for payments monthly of quarterly depending on customer needs

Dutch-Bangla Bank Limited DBBL Fixed Deposits

It boasts of the quality tech-savvy banking services and reliable fixed deposit schemes. With available competitive rates and easy-to-use services for account managing your investment.

• Loan Interest Rate: 6.0% to 7.5%.
• Tenure: You can choose a tenure ranging from 6 months to up to 10 years on their fixed deposit schemes.
• Pros: Partial withdrawal and premature closure are advantageous for those who need liquidity.

Fixed Deposit (Eastern Bank Limited EBL)

Eastern Bank Limited: Eastern bank limited has always been a strong player in fixed deposit space. Balance Deposit Balance deposit is considered to be a method of Fixed Deposits used by individual investor or corporate investors who looking for safe and secure investments.

• Interest Rate: Start from 5.75% to a maximum of 7.25%.
• Tenure: EBL offers tenures from a minimum of 3 months to up-to 5 years.
• Pros: They provide extra conveniences like loan facilities against FD which can be good for emergencies without breaking the deposit.

Interest Rates of Major Banks For Fixed Deposits in Bangladesh

Here is a table showing the interest rates of fixed deposits (FD) for some of the major banks in Bangladesh as of October 2024. These rates are for general accounts, and they can vary based on the deposit amount and duration.

Notes:

• Interest rates can vary depending on the amount deposited and special offers by the bank.
• For Islamic banks (like Islami Bank Bangladesh), returns are based on profit-sharing, so these rates are indicative.
• These rates are subject to change based on monetary policy adjustments or individual bank decisions.

Please check with the respective banks for the most current rates.

Reasons to invest in fixed deposits with BRAC Bank

Why BRAC Bank for Fixed Deposits? As a result of their competitive interest rates, flexible tenure options and customer service they are the first choice for many investors in Bangladesh.

Competitive Interest Rates

The interest rates of fixed deposits in BRAC Bank are one the best norms in Bangladesh. Their returns are 5.5% to over 7%, depending on whether you want a short term or longer tenure, guaranteeing returns each year.

Loan Against FD

You can also get loan facilities against your fixed deposit if you have banking with BRAC Bank. That way in case of any emergency you have the facility to liquidate it and get your funds back rather than breaking the FD and losing interest.

Ability to Withdraw Early

Flexi and Premature Withdrawal Facility allows customers to withdraw their savings in the time of need without any loss. This is a feature that allows investors to sleep better at night, because they know what they can get their money in case of an emergency.

The Best Bank for Fixed Deposit in Bangladesh

The choice of the bank you put your fixed deposit in would depend on multiple factors like interest rate, tenure and many more other benefits. Here are some tips to assist you in making the right choice.

Compare Interest Rates

Compare Interest Rates from Different Banks: The first step to deciding on a bank for your fixed deposit is this. They usually offer similar rates nonetheless, but subtle changes might matter for long term deposits.

And also, apart from interest rate you must look upon the other benefits which is provided by bank. Also, few banks give a loan upto 75% of FD value against the deposit amount and some allows partial withdrawal & consistent earliest exit structure. Meanwhile, these are some points that may be essential because your investments needs to save you in case of any emergency.

Research the Bank

You should also pick a bank that is reputable in terms of offering excellent customer service. Having an FD in a bank that provides 24/7 customer support and has smooth online banking can come handy while managing your FD.

Conclusion : Best Bank for Fixed Deposit in Bangladesh?

We hope this comparison have provided an insight and now you would know which are the best fixed deposit schemes offered by banks in Bangladesh. BRAC Bank, DBBL and EBL are also on top in terms of interest rates with flexible option tenure and customer-centric set up.

Your choice of bank for the FD depends on your financial goals, how much flexibility you want and overall reputation and presence of a particular bank. The more you analyze these factors, the better decision you will be able to take and eventually get more out of your money.

FDs are considered as one of the most secure forms to invest money since it maintains long term stability and you can grow your savings with a bank that is right for this.