• Commercial Bank Sri Lanka Fixed Deposit Rates
• Commercial Bank Fixed Deposit Rates

1. Advertised rate and APY are offered at the bank's discretion and may change daily. Return to content, Footnote 3 Online application is not valid for single maturity CDs, business or retirement CDs, brokerage deposits.
2. Money Market Accounts give the flexibility of a Call Deposit while retaining the high interest rate of a Time Deposit. It is mandatory that seven days notice is given prior to withdrawals. Fixed Deposit is a time deposit, which offers attractive rates of interest. Commercial Bank.
3. Period of Deposit. Interest Rate ( p.a.) 12 Months -Interest paid monthly. 12 Months -Interest at maturity. Special Interest Scheme is applicable for senior citizens over 60 years of age. Maximum deposit.
4. Fixed deposit with Hatton National Bank will fetch you one of the most attractive rates-of-interest in the market. In HNB fixed deposits, our customers have the flexibility of choosing the period of deposit.

Effective: March 1, 2021*

CERTIFICATES OF DEPOSIT (CD’s)

& INDIVIDUAL RETIREMENT ACCOUNTS(IRA’s)

OASIS SPECIALS

CERTIFICATES OF DEPOSIT

Invest Short term or long terms with NDB Fixed Deposits at very competitive interest rates. Convenient Automatic renewal of your deposit, according to your renewal instructions at the.

TRADITIONAL & ROTH IRA’S

KASASA CASH^® CHECKING

KASASA CASH BACK^® CHECKING

KASASA SAVER^® Account⁵

EXECUTIVE CHECKING⁹ & EXECUTIVE 50 CHECKING⁹

OASIS CHECKING¹⁰

PERSONAL MONEY MARKET⁹

PERSONAL SAVINGS¹¹ & EXECUTIVE 50 SAVINGS¹¹

UTMA CUSTODIAL SAVINGS¹²

HEALTH SAVING ACCOUNT (HSA’s)^{9 13}

*These rates may change at any time without prior notice. The stated rate may change after your account is opened.

Fees may reduce earnings. Minimum opening balance for all checking, money market and savings accounts is $100.00 (except UTMA Custodial Savings Account).

Minimum opening balance for a Certificate of Deposit is $1000.00

¹ When Kasasa Cash account qualifications are met during a Monthly Qualification Cycle:. Interest Rate of 2.47% will be paid for the portion of your daily balance that is up to and including $15,000. Interest Rate of 0.25% will be paid for the portion of your daily balance that is over $15,000

² The lower range of the annual percentage yield is calculated assuming a daily balance of $100,000.

³ When Kasasa Cash account qualifications are NOT met during a Monthly Qualification Cycle: Interest Rate of 0.05% will be paid on your entire daily balance

⁴ When Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle: Receive 4.00% cash back on up to a total of $200.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $8.00 cash back payments may be earned per Monthly Qualification Cycle. When Kasasa Cash Back account qualifications are NOT met during a Monthly Qualification Cycle: No cash back payments are made. No minimum balance is required to earn or receive the account’s rewards.

⁵ Must have Kasasa Cash or Kasasa Cash Back account

⁶ When Kasasa Saver Linked Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle: Interest Rate of 1.00% will be paid for the portion of your daily balance that is up to and including $50,000. Interest Rate of 0.25% will be paid for the portion of your daily balance that is over $50,000

⁷ The lower range of the annual percentage yield is calculated assuming a daily balance of $150,000 and an assumed statement cycle of 31 days.

⁸ When Kasasa Cash or Kasasa Cash Back account qualifications are NOT met during a Monthly Qualification Cycle: Interest Rate of 0.05% will be paid on your entire daily balance.

Interest in Kasasa Cash does not compound because it is automatically transferred to the Kasasa Saver account within 1 day.

Commercial Bank Sri Lanka Fixed Deposit Rates

⁹ If daily balance for each billing cycle is within one of the above ranges, you will earn the interest rate (and corresponding annual percentage yield) disclosed for that range.

¹⁰ Interest Rate of 0.10% will be paid for the portion of your daily balance that is $9,999.99 or less. Interest Rate of 0.25% will be paid for the portion of your daily balance that ranges from $10,000 to $24,999.99. Interest Rate of 0.40% will be paid for the portion of your daily balance that ranges from $25,000 to $74,999.99. Interest Rate of 0.60% will be paid for the portion of your daily balance that is $75,000.00 or more.

¹¹ Minimum balance to obtain stated APY is $50.00.

¹² Minimum balance to obtain stated APY is $13.00. Rate only valid on Savings accounts that adhere to the requirements of the “Missouri Transfers to Minors Law”.

¹³ Minimum balance to earn APY is $40.00

Trademarks: Kasasa, Kasasa Saver, Kasasa Cash and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

INTEREST

• The interest will be paid until the maturity date of the certificate.
• Interest will be compounded and credited quarterly to the account. If the term is for less than three months, interest will be credited at maturity.
• Interest begins to accrue on the date of deposit.
• We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
• Withdrawal of interest prior to the maturity date may reduce earnings. The annual percentage yield assumes that interest will remain on deposit until maturity.

CERTIFICATE OF DEPOSIT INTEREST TYPE

Fixed Rate: The interest rate will be paid until the maturity date of the certificate.

RENEWAL

Automatically Renewable: The Certificate of Deposit will automatically renew on each succeeding maturity date. Each renewal term will be the same as the original term, beginning on the maturity date at the current rate of interest, unless the certificate terms are amended by the customer within 10 calendar days after the maturity date if it has a term of more than 14 days, and 1 calendar day if it has a term of 14 days. We will not automatically renew the certificate and no interest will accrue after maturity, (1) If you tell us not to do so, in writing on or before the next maturity date, or (2) if you present this certificate to us for payment within 10 calendar days after the maturity date if it has a term of more than 14 days, and 1 calendar day if it has a term of 14 days, or (3) if notified by us 5 days before the next maturity date.

WITHDRAWALS AND DEPOSITS

• Minimum deposit for a Certificate of Deposit is $1000.00
• After this account is opened, deposits and withdrawals are not permitted until the maturity date.
• If the account is closed before accrued interest is credited, the accrued interest will be forfeited.
• If any of the deposit is withdrawn before the maturity date, the following penalties will be imposed:

For Terms of 14 Days up to and Including 90 Days: The penalty will be one (1) month of interest on the amount withdrawn.

For Terms of 91 Days up to and Including One Year: The penalty will be three (3) months of interest on the amount withdrawn.

For Terms of Greater Than One Year: The penalty will be six (6) months of interest on the amount withdrawn.

IRA PENALTIES

• Effective July 15, 2008, there will be an IRA transfer fee of $25.00
• Please see your IRA plan for all applicable fees and penalties

Please contact a Commercial Bank representative for further information concerning applicable fees and terms.

As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to higher returns offered by it.

Abu Dhabi Commercial Bank FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Abu Dhabi Commercial Bank FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Abu Dhabi Commercial Bank_ FD, it will start earning an interest based on the tenure of the deposit. Customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.

You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Abu Dhabi Commercial Bank FD for a tenure of 5 years or more.

Following table provides you Abu Dhabi Commercial Bank FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Abu Dhabi Commercial Bank FD for different tenures by clicking on the 'calculate' button provided in the table.

Abu Dhabi Commercial Bank Fixed Deposit Interest Rates (as on 06 Mar 2021)

Features & Benefits: Abu Dhabi Commercial Bank Fixed Deposit

• Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
• FD account can be opened online or by visiting your nearest Abu Dhabi Commercial Bank branch.
• No cap on the Maximum Amount of FD
• FD Tenures: 7 days to 10 years
• Different interest payout options such as monthly, quarterly, etc.
• Loan/ Overdraft against FD facility is available upto 85% of the FD amount.
• Easy and fast liquidity options are available.
• Nomination facility is available.
• Tax benefit of amount up to Rs 1,50,000, through tax saving term deposit scheme
• Part withdrawal facility and auto-renewal facilities are also available
• Senior citizens can enjoy higher interest rate as compared to regular citizens
• NRE, NRO and FCNR deposit facility is offered by the bank

Who is Eligible for Abu Dhabi Commercial Bank Fixed Deposit

Any of the following persons is eligible to invest in fixed deposits (FD):

• Individual
• Minor
• HUF
• Proprietary Firm
• Partnership Firm
• Limited Liability Partnership (LLP)
• Company
• Association of Persons (AOP)
• Body of Individuals (BOI)
• Local Authority
• Trust
• Non-Resident Indian (NRI)
• Registered Society

Important Things to Know Before Investing in Fixed Deposits

• Always compare tenure-wise FD interest rates of different banks before finalizing the bank for opening an FD account, in order to get maximum interest rate on selected tenure.
• The tenure for most bank fixed deposits varies from 7 days to 10 years. You should choose the FD Tenure according to your convenience and objective behind investment.
• Opt for interest payout options such as monthly or quarterly, if required. Otherwise, choose cumulative option so that you can receive lump sum amount when FD gets matured.
• You can also avail loan or overdraft against FD, if you have immediate requirement of funds.
• If your annual income is non-taxable, you can submit Form 15G or Form 15H in order to avoid TDS.
• Don't forget to make nomination in your FD account.
• If you are a senior citizen then open your FD in a bank which offers extra interest of 0.25% to 0.75% to senior citizens.
• When you open fixed deposit online or offline, do not forget to give instructions on what to do on maturity of your FD. If you do not give any instruction, your fixed deposit will be renewed automatically on maturity.

Calculation of Interest on FD of Abu Dhabi Commercial Bank

Interest on FD for different tenures is calculated in following manner:

1. Simple interest is paid at maturity for fixed deposit tenure of less than 6 months.
2. Interest is calculated on a quarterly basis for fixed deposit tenure of 6 months & above.
3. Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
4. In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate

Abu Dhabi Commercial Bank FD Interest Calculator

Commercial Bank Fixed Deposit Rates

Abu Dhabi Commercial Bank FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

Automatic Renewal of Bank FD

Bank FD matures on specific date. On maturity, if you have not given any specific instructions such as payout or renewal of FD, most of the banks automatically renew the FD for the same period for which it was initially made at the interest rate prevailing on the date of maturity of FD. This is called Automatic Renewal of Bank FD.

You should choose the option on the account opening form, if you do not want the bank to auto renew your FD. You have 2 options on the account opening form while depositing money in FD, first one is auto renew and second one is deposit of amount to your account after maturity. In case you have not mentioned any option on the account opening form then you will need to visit the bank branch on maturity day of your bank FD and opt for credit of the final proceeds of your bank FD into your savings account if you do not want an auto renewal of your FD.

Bank FD News Mar 2021

13-01-2020: SBI revised FD interest rate

SBI has announced a cut in retail fixed deposits of FD rates. The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.

09-01-2020: Axis Bank reduced FD interest rate

Axis Bank reduced interest rates by up to 20 bps from January 9. FDs for less than Rs 2 crore and with the tenor of less than 1 year will earn 6.40%, for the tenor of 5 years to up to 10 years, FD rates is 6.50%.

07-01-2020: HDFC Bank deposits up by 25% (YoY) in 2019

The largest private sector lender HDFC Bank's deposits up by 25% (YoY) in 2019. Its deposits are at Rs 10.67 trillion as of December 31, 2019 growing by 25% as compared to Rs 8.52 trillion as of December 31, 2018..

24-12-2019: HDFC Bank revised FD interest rate

The revised rate for FDs maturing in 9 months 1 day to less than 1 year will be 6.05%. Term deposits maturing in 1 year to 2 years will fetch an interest rate of 6.3%, 2-3 years 6.40%, and 3 years to 10 years 6.3%.

01-12-2019: PNB cuts off FD rates

With effect from December 1, 2019, FDs for less than Rs 2 crore and the tenor of 271 days to below 1 year will be 6% for general customers and 6.5% for senior citizens. For the tenor of 5 years to up to 10 years, PNB has FD rates of 6.3% for general customers and 6.8% for senior citizens.

12-11-2019: ICICI Bank reduces FD interest rate

The interest rates on ICICI Bank FD for less than Rs 2 crore and the tenor of 185 days to 289 days will be 5.75%, for 5 years to up to 10 years will be 6.40% and 6.9% for senior citizens. Its interest rates will be effective from December 7, 2019.

Public Sector Banks FD Interest Rates

Private Sector Banks FD Interest Rates