Fixed Deposit Interest Rates in Bangladesh

Fixed deposits (FDs) are a popular investment option in Bangladesh, as they offer a relatively safe and guaranteed return. FDs allow investors to deposit their money for a fixed period of time, at a predetermined interest rate. The interest rate on FDs varies depending on the bank or financial institution, the deposit amount, and the deposit term.

As of October 2023, the average fixed deposit interest rate in Bangladesh is around 7% per annum. However, there is a wide range of interest rates available, depending on the factors mentioned above. For example, some banks offer interest rates as high as 9% per annum on FDs of 1 year or more.

Here is a table of the fixed deposit interest rates offered by some of the leading banks in Bangladesh:

BankFixed Deposit Interest Rate (1 Year)
AB Bank7.25%
Al-Arafah Islami Bank6.25%
Bank Asia6.66%
Bengal Commercial Bank6.50% – 7.00%
BRAC Bank7.00% – 7.25%
City Bank7.38%
Dutch-Bangla Bank7.00%
Islami Bank Bangladesh7.00%
Janata Bank6.75% – 7.00%
Sonali Bank6.00% – 6.35%
Standard Bank6.75%

It is important to note that the interest rates mentioned above are subject to change at any time. Therefore, it is always advisable to check with the bank or financial institution directly before making an FD investment.

Benefits of Fixed Deposits

There are several benefits to investing in fixed deposits in Bangladesh, including:

  • Guaranteed returns: FDs offer a guaranteed return, which means that investors can be sure of how much money they will earn on their investment. This is in contrast to other investment options, such as stocks and mutual funds, which carry more risk but also offer the potential for higher returns.
  • Safety: FDs are a relatively safe investment option, as they are insured by the Bangladesh Bank. This means that investors are protected in case the bank or financial institution fails.
  • Flexibility: FDs offer a range of deposit terms, from a few months to several years. This means that investors can choose a term that best suits their needs and financial goals.
  • Liquidity: FDs are a liquid investment option, meaning that investors can withdraw their money at any time, subject to any applicable penalties.

Who Should Invest in Fixed Deposits?

Fixed deposits are a good investment option for a variety of people, including:

  • Risk-averse investors: FDs are a good option for investors who are risk-averse and want a guaranteed return on their investment.
  • Short-term investors: FDs are a good option for investors who need to save money for a short-term goal, such as a down payment on a house or a child’s education.
  • Senior citizens: FDs offer a safe and reliable source of income for senior citizens.

How to Open a Fixed Deposit Account

To open a fixed deposit account, you will need to visit a bank or financial institution and complete an application form. You will also need to provide some basic personal information, such as your name, address, and date of birth. You will also need to deposit the minimum amount required by the bank or financial institution.

Once you have opened a fixed deposit account, you will be issued a fixed deposit receipt (FDR). This is a legal document that confirms your deposit and the terms of your investment. It is important to keep your FDR safe, as you will need it to withdraw your money at the end of the deposit term.


Fixed deposits are a popular investment option in Bangladesh for a variety of reasons. They offer a guaranteed return, safety, flexibility, and liquidity. FDs are a good option for risk-averse investors, short-term investors, and senior citizens.

If you are considering investing in fixed deposits, it is important to compare the interest rates offered by different banks and financial institutions. You should also choose a deposit term that best suits your needs and financial goals.

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