Select highly rated company deposits at the moment are more than offering you returns that are above bank deposits. Yields can vary from 11 per cent to 15 per cent depending on the deposit. Take a look at 5 such company deposits with their interest rates.
A decent rate of return
Shriram Transport Finance Company's 5 year deposit offers a yield of 12.96 on a 5 year deposit. The interest rate on the 5 year deposit is at 10.50 per cent. The deposits are rated well by Crisil.
Highly secure deposit
The Interest rates on PNB Housing Finance is at 9.25 per cent to 10.50 per cent. The yield on a fixed deposit of 60 months works out to 11.66 per cent. This is fairly attractive considering that it is a AAA rated deposit by CRISIL and is a Punjab National Bank backed company.
A close to 12% yield
DHFL Aashray Deposit offers a yield of 11.96 per cent on a 5 year period. The interest rate works to 9.50 per cent to 9.60 per cent.
A strong pedigree
Mahindra Finance offers a yield of 11.48 per cent on a 5 year deposit. The interest rate offered on an annual basis is between 9.25 per cent to 9.75 per cent.
A decent return
A 60 month deposit at Kerala Road offers a yield of 12.5 per cent. The interest rate ranges from 9.75 per cent to 10 per cent. The deposits are secure as they are backed by the government of Kerala.