New Delhi: Interest rates provided by banks on financial savings account are at present at their one of many lowest ranges in historical past. With not many choices left depositors are merely going for saving accounts providing simply 3-4% interest rates on an annual foundation.
As a outcome, many are investing in different deposit devices providing larger interest rates however comes with extra danger. However, depositors are nonetheless maintaining their cash secure with the security and safety of a financial savings account whereas trying to see how they’ll reap most advantages out of it.
If you’re certainly one of them, then allow us to let you know that the next three banks are nonetheless providing larger interest rates on saving financial institution accounts:
1. Yes Bank financial savings account gives as much as 5.5% interest price
Yes Bank claims to offer an annual interest price of 4% to five.5% yearly. The non-public lender is claimed to offer a 4% interest rates on saving accounts having deposits value Rs 1 lakh or much less. Saving financial institution accounts with deposits between Rs 1-10 lakhs are reaping an annual interest price of 4.75%.
The most interest rates on saving accounts provided by Yes Bank stands at 5.5% yearly, which could be availed by those that have over Rs 1 crore of their accounts.
2. RBL Bank financial savings account gives as much as 6% interest price
RBL Bank is at present providing the best interest rates amongst all non-public and public sector banks. The interest price ranges from 4.5% to six.25%. Here’s the listing of interest rates provided by RBL Bank on saving accounts:
I. Daily steadiness as much as Rs 1 lakh: 4.5% annual interest price
II. Daily steadiness between Rs 1 to Rs 10 lakh: 6% annual interest price
III. Daily steadiness above Rs 10 lakh: 6.25% annual interest price
3. Bandhan Bank financial savings account gives as much as 6% interest price
Bandhan Bank is at present providing interest rates starting from 3% to six% to its prospects. Like different banks, the interest price relies upon on the day by day financial institution steadiness maintained by the shopper.
I. Daily steadiness as much as Rs 1 lakh: 3% annual interest price
II. Daily steadiness between Rs 1 to Rs 10 lakh: 4% annual interest price
III. Daily steadiness above Rs 10 lakh: 6% annual interest price
