What is fixed deposit and which bank is the best to put FD ?

What is fixed deposit and which bank is the best to put FD ?



Fixed deposit is most popular term in srilanka. From banking side the best investment is fixed deposit.

There are similar meanings to Fixed deposits. Time deposit and term deposits. Normally in  western countries fixed deposit term not used and they used time deposit.

Fixed deposit is sum of a money keep for at least 3 months. Most of the banks give 3 months to 60 month time frame.

Normally Fixed deposit rates are higher than the savings rate.

In srilanka Savings rate is 3% and Fixed deposit rate is 10% per annum.


As per my experiences I can recommends to you sampath bank to put Fixed deposits.

If you willing to put Fixed deposit on government bank. please put it National Savings bank.
Its Most stable bank is Government Sector.


If you take Fixed deposit Prior to Maturity , you will face a big panelty. 

And you will get Savings rate for that particular period too.