Bank Fixed Deposit Rates in Sri Lanka — October 2026
Rates last verified
Find the best bank FD for you
Best for LKR 1,000,000 over 12 months (1 year) · market average 9.41% · after 10% AIT
- 1
Cargills Bank
Wishrama Fixed Deposits · Private bank
12.00%
LKR 1,108,000 at maturity · LKR 108,000 interest+23,303 vs avg
- 2
NDB Bank
Special Deposit Account · Private bank
11.00%
LKR 1,099,000 at maturity · LKR 99,000 interest+14,303 vs avg
- 3
SDB Bank
Fixed Deposit · Private bank
11.00%
LKR 1,099,000 at maturity · LKR 99,000 interest+14,303 vs avg
Licensed commercial banks are the most closely supervised deposit takers in Sri Lanka. Here are the standard FD rates from 17 state and private banks. Across 25 deposits we track for 12 months (1 year), the top rate is 12.00% p.a. from Cargills Bank, against a market average of 9.41%. The gap between the highest and lowest offer is 5.25 percentage points — on LKR 1,000,000 that is LKR 47,250 more interest after tax, just from choosing where to deposit. The best rate from a bank is 12.00% at Cargills Bank.
Best 1Y rate
12.00%
Cargills Bank
Best bank (1Y)
12.00%
Cargills Bank
Market average (1Y)
9.41%
Median 10.00%
Compared
17
institutions · 35 deposits
Top 3 deposits for 12 months (1 year)
#1 · Private bank
Cargills Bank
Wishrama Fixed Deposits
12.00%
LKR 1,000,000 → LKR 1,108,000 after AIT (LKR 108,000 interest)
View deposit#2 · Private bank
NDB Bank
Special Deposit Account
11.00%
LKR 1,000,000 → LKR 1,099,000 after AIT (LKR 99,000 interest)
View deposit#3 · Private bank
SDB Bank
Fixed Deposit
11.00%
LKR 1,000,000 → LKR 1,099,000 after AIT (LKR 99,000 interest)
View depositCompare rates and returns
Tenure
25 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 | Private bank | 12.00% | LKR 108,000 | LKR 1,108,000 | |||
| 2 | | Private bank | 11.00% | LKR 99,000 | LKR 1,099,000 | ||
| 3 | | Private bank | 11.00% | LKR 99,000 | LKR 1,099,000 | ||
| 4 |  | Private bank | 10.50% | LKR 94,500 | LKR 1,094,500 | ||
| 5 | | Private bank | 10.00% | LKR 90,000 | LKR 1,090,000 | ||
| 6 |  | Private bank | 10.00% | LKR 90,000 | LKR 1,090,000 | ||
| 7 |  | Private bank | 10.00% | LKR 90,000 | LKR 1,090,000 | ||
| 8 | | Private bank | 10.00% | LKR 90,000 | LKR 1,090,000 | ||
| 9 |  | Private bank | 10.00% | LKR 90,000 | LKR 1,090,000 | ||
| 10 |  | State bank | 10.00% | LKR 90,000 | LKR 1,090,000 |
Best rate at every tenure
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 12.00% p.a. from Cargills Bank; 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 12.00%, LKR 1,000,000 earns LKR 120,000 before tax. After 10% Advance Income Tax is withheld you receive LKR 108,000, so the deposit matures at LKR 1,108,000. At the market average of 9.41% you would receive LKR 84,697 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 8.37% versus 10.24% 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.
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.