Where Should You Keep Your Money? Savings vs FDR vs DPS
Keep ৳2 lakh for 3 years: a current account still holds ৳200,000, a savings account at 2.5% grows to about ৳213,885, and a 10% FDR pays ৳259,006 after tax. Compare with your own amount, term and bank rates below.
How you save
৳
= 2 lakh taka
years
= 36 months
Proof of return submission (PSR)
Excise duty
৳
What your bank charges on savings and current accounts in a year. Leave 0 if unsure.
%
If set, the real return in today’s money is shown too. Leave 0 to skip.
Most you’ll get: FDR
৳2,59,006
after 3 years, net of tax, duty and fees
Total deposited
৳2,00,000
Gross interest
৳65,562
Source tax
− ৳6,556
Excise duty
− ৳0
Net gain
৳59,006
Net yearly return
9%
Keeping ৳2,00,000 for 3 years, a FDR pays ৳2,59,006 — ৳59,006 more than a Current account.
The example DPS rate and some excise duty slabs are still being verified — check with your bank.
How this was calculated
10% source tax on interest or profit
Savings account: interest accrues monthly, credited every 6 months
FDR: simple profit for 12-month terms, taxed at maturity and renewed
Excise duty on each year’s highest balance
Net yearly return = the yearly compound rate implied by your deposits and the final amount
Side by side
DepositedNet gain
Where
At the end
Net gain
Net yearly return
FDR
৳2,59,006
৳59,006
9%
Savings account
৳2,13,885
৳13,885
2.26%
Current account
৳2,00,000
৳0
0%
Remember: breaking an FDR or DPS early usually earns a lower rate (often the savings rate). Emergency money is safest in a savings account.
Choose whether you save a lump sum or a fixed amount every month.
Enter the amount (e.g. ‘2 lakh’, or ‘5000’ a month).
Enter how long you'll keep it, in years or months.
Put in your bank's savings, FDR or DPS rate. The starting rates are only examples.
Set proof of return (PSR), excise duty, account fees and, if you like, inflation. The table and chart show what each option pays.
How the comparison works
The same money, kept for the same time in each place — what you hold at the end:
Current account: no interest.
Savings account: interest accrues monthly and is credited every 6 months, when source tax is deducted.
FDR (lump sum): 12-month terms, taxed at each maturity and renewed.
DPS (monthly saving): deposit at the start of each month, monthly compounding, tax at maturity.
Excise duty on each year’s highest balance and the savings/current account fee are then deducted. “Net yearly return” is the yearly compound rate implied by your deposits and the final amount, so different terms compare fairly.
Examples
৳2 lakh at once, 3 years (savings 2.5%, FDR 10%, PSR yes):
Where
At the end
Net gain
Net yearly return
FDR
৳259,006
৳59,006
9.00%
Savings account
৳213,885
৳13,885
2.26%
Current account
৳200,000
৳0
0%
৳5,000 a month, 3 years (DPS 9%): deposits ৳180,000; the DPS pays ৳204,576 after tax, a savings account ৳186,354.
What to know in Bangladesh
Source tax: 10% of interest; 15% without proof of return submission (PSR).
Excise duty: in FY 2026-27, free up to a highest yearly balance of ৳4 lakh, then in slabs.
Account fees: many banks charge savings and current accounts every 6 months, often waived for small balances. Enter your bank’s fee.
Rates change: banks usually revise rates in January and July. The starting rates here are only examples.
More: don't decide on the headline rate alone
Tax, duty and fees are what separate the advertised rate from what you receive. Small balances pay no excise duty, but larger ones can lose hundreds or thousands of taka a year. An FDR or DPS pays more in exchange for locking the money until maturity. Keep a few months of emergency money in savings first, then compare net returns for the rest. Sanchayapatra usually pays more again, with purchase limits and its own rules — see the Sanchayapatra calculator.
Frequently asked questions
Which pays more: a savings account, an FDR or a DPS?
For the same period an FDR (lump sum) or a DPS (monthly) usually pays far more, because savings-account rates are low. But money in an FDR or DPS earns less if you withdraw early, so many people keep emergency money in savings and the rest in a term deposit.
Does a current account earn interest?
No. Current accounts are for transactions and pay no interest. Maintenance fees and excise duty can even reduce the balance.
How much does the bank deduct from interest?
10% source tax on interest or profit, or 15% if you must file a return but can't show proof of submission (PSR). Excise duty also applies once the year's highest balance passes ৳4 lakh.
What would ৳5 lakh earn in a year?
At the example rates (savings 2.5%, FDR 10%): a current account ends at ৳499,850 after excise duty, a savings account at about ৳510,813, and an FDR at ৳544,500 after tax and duty. Check with your own bank's rates in the calculator.
What does the inflation input show?
It shows your gain in today's money. If the bank's net rate is below inflation, your money is losing buying power.
Does this work for Islamic (Mudaraba) accounts?
Roughly — enter the provisional Mudaraba savings or term-deposit rate. The final rate declared after the year ends may change the result slightly.
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