Which Bank is better for saving and fixed deposit? Comparative interest rate analysis of six banks

The six banks namely the Sunrise Bank, Mega Bank, Janata Bank, Sanima Bank, Civil bank and Nabil Bank has published a notice regarding the new interest rates that will effective from today (7th Kartik 2075).

We have taken the schemes with highest interest rate given by bank on saving and on the fixed deposit.

The table below shows the data:

The "Mega Mattribhumi" schemes of the Mega bank provide 7% interest (P/A) on zero balance and the "Sanima senior citizen" scheme of Sanima bank provides 7% interest (P/A) on zero balance for senior citizens. On an average, the saving account of all the bank provides 7% interest (P/A). Sunrise bank has published an interest rate of 6% for saving account and Nabil bank is the lowest interest-paying banks on saving account among the considered 6 banks with interest rate of 4.5% (P/A).

                                    (Please open an image in new tab for the clear view)

All the banks provide an interest rate of 10% for the individual investor on fixed deposit in the duration of more than 6 months. Civil bank and the Mega bank have given an interest rate of 10% on fixed deposit up to 5 years. Janata Bank had provided an interest rate of 7.25% on the fixed deposit in the duration of 15 to 30 days. We should appreciate banks that have set a good range of variation in the duration of fixed deposit.

The fixed deposit rates for the institutional investor revolve around the 9% (P/A) for all the banks.

The average loan rate of Mega Bank is relatively lower compared to other banks. The margin loan (Loan against shares) rate given by Mega Bank is the lowest and it is in the range of 10.55% to 15.05%.

The bank with the highest and lowest base rate is Civil Bank with 11.06% and Nabil Bank with 7.83%. The highest base rate represents the high cost of funds of the banks.