Fixed Deposit Rates in Sri Lanka — November 2026
Highest 12-month fixed deposit rate in Sri Lanka: 13.00% a year, from Richard Pieris Finance. The highest from a bank is 12.00% (Cargills Bank). The average across the 54 deposits we track at 12 months is 10.52%. Rates last verified .
Find the best FD for you
Best for LKR 1,000,000 over 12 months (1 year) · market average 10.52% · after 10% AIT
- 1
Richard Pieris Finance
Fixed Deposits and Savings · Finance company
13.00%
0.50LKR 1,117,000 at maturity · LKR 117,000 interest+22,358 vs avg
- 2
SMB Finance PLC
Fixed Deposits · Finance company
12.88%
LKR 1,115,920 at maturity · LKR 115,920 interest+21,278 vs avg
- 3
Softlogic Finance
Fixed Deposits · Finance company
12.88%
LKR 1,115,920 at maturity · LKR 115,920 interest+21,278 vs avg
Across 54 deposits we track for 12 months (1 year), the top rate is 13.00% p.a. from Richard Pieris Finance, against a market average of 10.52%. The gap between the highest and lowest offer is 5.75 percentage points — on LKR 1,000,000 that is LKR 51,750 more interest after tax, just from choosing where to deposit. Finance companies lead: Richard Pieris Finance pays 13.00%, while the best bank, Cargills Bank, pays 12.00%.
Best 1Y rate
13.00%
Richard Pieris Finance
Best bank (1Y)
12.00%
Cargills Bank
Market average (1Y)
10.52%
Median 10.38%
Compared
44
institutions · 65 deposits
Top 1-year fixed deposits this month
#1 · Finance company
Richard Pieris Finance
Fixed Deposits and Savings
13.00%
LKR 1,000,000 → LKR 1,117,000 after AIT (LKR 117,000 interest)
View deposit#2 · Finance company
SMB Finance PLC
Fixed Deposits
12.88%
LKR 1,000,000 → LKR 1,115,920 after AIT (LKR 115,920 interest)
View deposit#3 · Finance company
Softlogic Finance
Fixed Deposits
12.88%
LKR 1,000,000 → LKR 1,115,920 after AIT (LKR 115,920 interest)
View depositCompare FD rates and returns
Tenure
54 deposits for 12 months (1 year). Returns on LKR 1,000,000 shown after 10% AIT. Pick up to 3 to compare side by side.
| Compare | # | Institution & deposit | Type | Rate p.a. | Interest (net) | At maturity | Actions |
|---|---|---|---|---|---|---|---|
| 1 | Finance company | 13.00%0.50 | LKR 117,000 | LKR 1,117,000 | |||
| 2 | | Finance company | 12.88% | LKR 115,920 | LKR 1,115,920 | ||
| 3 | | Finance company | 12.88% | LKR 115,920 | LKR 1,115,920 | ||
| 4 |  | Finance company | 12.25% | LKR 110,250 | LKR 1,110,250 | ||
| 5 |  | Finance company | 12.00%1.12 | LKR 108,000 | LKR 1,108,000 | ||
| 6 |  | Finance company | 12.00% | LKR 108,000 | LKR 1,108,000 | ||
| 7 |  | Private bank | 12.00% | LKR 108,000 | LKR 1,108,000 | ||
| 8 |  | Finance company | 12.00%0.75 | LKR 108,000 | LKR 1,108,000 | ||
| 9 |  | Finance company | 12.00% | LKR 108,000 | LKR 1,108,000 | ||
| 10 |  | Finance company | 12.00% | LKR 108,000 | LKR 1,108,000 |
Best rate at every tenure
The highest standard rate for each term, from one month to five years. Tap a term for its full ranking.
Biggest movers this week
- Union BankFixed Deposits · 12 months (1 year)10.50%1.50
- Richard Pieris FinanceFixed Deposits and Savings · 1 month9.75%1.25
- Asia Asset FinanceFixed Deposits · 12 months (1 year)12.00%1.12
- Softlogic FinanceFixed Deposits · 6 months9.75%1.00
- CBC FinanceFixed Deposits · 36 months (3 years)13.00%0.50
- MBSL FinanceFixed Deposits · 12 months (1 year)11.00%0.50
Frequently asked questions
Which bank or finance company has the highest FD rate in Sri Lanka right now?
For a 12-month fixed deposit the highest rate we track is 13.00% p.a. from Richard Pieris Finance; the highest from a licensed bank is 12.00% at Cargills Bank. Rates change often, so the table above is refreshed from each institution's published rate sheet.
How much interest will LKR 1 million earn in a fixed deposit for one year?
At today's best 12-month rate of 13.00%, LKR 1,000,000 earns LKR 130,000 before tax. After 10% Advance Income Tax is withheld you receive LKR 117,000, so the deposit matures at LKR 1,117,000. At the market average of 10.52% you would receive LKR 94,642 net.
Is tax deducted from fixed deposit interest in Sri Lanka?
Yes. Banks and finance companies withhold 10% Advance Income Tax (AIT) from interest paid to residents. Individuals whose total assessable income is below the tax-free threshold can submit a self-declaration to the institution to have interest paid without the deduction. The table lets you switch between net and gross figures.
Should I choose a short or a long FD tenure?
Longer tenures usually pay more: the average 3-month rate is 9.11% versus 11.45% for 24 months. A longer term locks your rate in if you expect rates to fall, but breaking a deposit early usually means a reduced rate, so only lock away money you won't need.
Are finance company fixed deposits safe?
Only deposit with institutions licensed by the Central Bank of Sri Lanka. Licensed banks and licensed finance companies are both members of the Sri Lanka Deposit Insurance Scheme, which covers each depositor up to a set limit per institution. Finance companies often pay more because they carry more risk — check the institution's credit rating and see our safe investing guide before depositing large sums.
How does Anybanq collect these rates?
We compare 44 banks and licensed finance companies, reading each one's published fixed deposit rate sheet and recording the rate for every standard tenure from 1 to 60 months. Each product shows when it was last verified. Rates are indicative — always confirm the final rate with the institution before you deposit.
Rates are indicative, collected from each institution's published rate sheet, and can change without notice. Returns assume simple interest paid at maturity with 10% AIT withheld. Anybanq is a comparison service, not a bank, and this is not financial advice — confirm the final rate and terms with the institution.