Best Fixed Deposit Rates in Sri Lanka - Comprehensive Guide 2026
Fixed deposits remain the most preferred savings instrument for Sri Lankan households. With guaranteed returns, government-backed security in state banks, and rates significantly higher than regular savings accounts, FDs are the go-to investment for conservative savers, retirees, and anyone seeking predictable income.
In 2026, FD rates in Sri Lanka range from approximately 6% to 9.5% per annum, depending on the bank and tenure. This guide helps you identify the highest rates available and make the most informed investment decision.
Overview: FD Rate Landscape in Sri Lanka (2026)
The Central Bank of Sri Lanka (CBSL) sets the monetary policy framework, which indirectly influences FD rates offered by commercial banks. As Sri Lanka's economic recovery continues in 2026, interest rates have stabilized at attractive levels compared to the historical lows of pre-2020.
Key observations from the current rate environment:
- State banks offer safe, stable rates - BOC, NSB, and People's Bank offer 6.25–7.25% across tenures, backed by a government guarantee.
- NSB stands out for safety - The National Savings Bank, with statutory government backing and a minimum deposit of just LKR 1,000, is the most accessible option for small and large investors alike.
- Private banks offer higher rates - Commercial Bank, Sampath, HNB, Seylan, NTB, and PABC offer 7.5–9.5%, compensating for the absence of a government guarantee with better returns.
- Longer tenures yield more - The difference between 3-month and 24-month rates is approximately 1–2%, rewarding patient investors.
Detailed Bank-by-Bank Analysis
National Savings Bank (NSB)
NSB offers some of the highest FD rates in Sri Lanka across all tenures in 2026. Backed by the NSB Act, deposits are fully guaranteed by the government. The minimum deposit is just LKR 1,000 - the lowest among all major banks - making NSB ideal for small and large investors alike.
Bank of Ceylon (BOC)
Sri Lanka's largest commercial bank offers strong FD rates with the most extensive branch network in the country. BOC is the preferred choice for depositors seeking government-backed security combined with high liquidity and nationwide access.
People's Bank
With over 1,000 service points across Sri Lanka, People's Bank offers competitive FD rates and is especially popular in rural areas. Senior citizen bonus rates make it an excellent choice for retirees.
Commercial Bank of Ceylon
Sri Lanka's largest private commercial bank offers some of the highest FD rates available, along with digital FD opening through its cApp platform. The combination of competitive rates and premium service quality makes it a top choice for depositors.
Sampath Bank
Known for its innovative digital banking, Sampath Bank allows customers to open and renew FDs entirely online. The bank offers competitive rates with the added convenience of an award-winning mobile app.
Hatton National Bank (HNB)
HNB offers competitive FD rates across all tenures through its extensive network of 250+ branches. The HNB Solo app makes account management and FD operations seamless for digital-savvy customers.
How to Open a Fixed Deposit in Sri Lanka
- Choose your bank - Use our comparison table above to identify the highest rate for your preferred tenure.
- Prepare documents - National ID card or passport, utility bill for address proof, and source of funds documentation if required.
- Visit the branch or apply online - Most banks now offer digital FD opening for existing customers.
- Deposit funds - You can fund the FD via cash, cheque, or online transfer.
- Receive your FD receipt - Keep the FD certificate safe. You will need it to claim your maturity amount.
Rates shown are effective as of 2026-03-30. They are subject to change at the bank's discretion. Always verify the current rate at the bank before investing. This page does not constitute financial advice.