Union vs Yes FD Rates October 2026

Union offers up to 6.80% p.a. · Yes up to 7.25% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner Yes 6.20% vs 6.75%
Savings account Union
Tenure Union Yes
GeneralSenior GeneralSenior
6 months 5.40% 5.90% 6.00% 6.50%
1 year 6.20% 6.70% 6.75% 7.25%
2 years 6.15% 6.65% 7.00% 7.50%
3 years 6.10% 6.60% 7.00% 7.75%
5 years 6.00% 6.50% 6.75% 7.50%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Savings Account Rates

Union
2.50% p.a.
vs
Yes
—

Which bank should you choose?

Union is a public sector bank; Yes is a private sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. Yes holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Union Bank of India

Type
Public Sector Bank
HQ
Mumbai
Est.
1919
Best FD rate
6.80% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Union deposit rates →

Yes Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2004
Best FD rate
7.25% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Yes deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Union Bank of India or Yes Bank?

Yes Bank currently offers a higher maximum FD rate of 7.25% p.a., compared to 6.80% p.a. from Union Bank of India (as of 1 Oct 2026).

What is Union Bank of India's current 1-year FD interest rate?

Union Bank of India offers 6.20% p.a. for general depositors on 1-year FDs, and 6.70% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Union Bank of India's official website before investing.

What is Yes Bank's current 1-year FD interest rate?

Yes Bank offers 6.75% p.a. for general depositors on 1-year FDs, and 7.25% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Yes Bank's official website before investing.

Are fixed deposits with Union Bank of India and Yes Bank safe?

Yes. Both Union Bank of India and Yes Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Union Bank of India and Yes Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Union Bank of India's 1-year senior rate: 6.70% p.a. Yes Bank's 1-year senior rate: 7.25% p.a.

What is the highest FD rate available between Union Bank of India and Yes Bank?

The highest rate between the two is 7.25% p.a. from Yes Bank for the 18 months 1 day < 24 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).