Pumping money in bank savings account is advisable for those investors also, who don’t find better investment option for meeting short-term investment goals. Savings account interest rate is one important information that a bank depositor needs to become aware of.
Those investors who want availability of funds at the time of financial emergency, keeping money in a bank savings account is still a good option for them. However, the option can become best if the money is parked in highest yielding bank savings account.
These days RBL Bank, Bandhan Bank and Yes Bank is among the top 3 banks that offers highest savings account interest rate to its customers.
Bandhan Bank savings account interest rate: Bandhan Bank is offering savings account interest rate from 3 per cent to 6 per cent, depending upon the daily balance. According the official Bandhan Ba nk website bandhanbank.com, the private lender is offering 3 per cent savings account interest rate on daily balance up to ₹1 lakh. The private lender is offering 4 per cent savings account interest rate on daily balance above ₹1 lakh to ₹10 lakh. On daily balance above ₹10 lakh, Bandhan Bank is offering 6 per cent return to the depositors.
RBL Bank savings account interest rate: Among all Indian banks, RBL Bank is offering highest savings account interest to its customers. As per the official website of RBL Bank rblbank.com the private lender is offering savings account interest rate to its customers from 4.5 per cent to 6.25 per cent. On daily balance up to ₹1 lakh, RBL Bank savings account interest rate is 4.5 per cent, for above ₹1 lakh to ₹10 lakh interest rate offered by RBL Bank is 6 per cent while on daily balance above ₹10 lakh savings account interest rate offered by RBL Bank is 6.25 per cent.
Yes bank savings account interest rate: As per the claims made by yes bank on its official website yesbank.in, the private lender is offering 4 per cent to 5.5 per cent savings account interest rate. The private lender bank is offering 4 per cent savings account interest rate on daily balance up to ₹1 lakh. On daily balance above ₹1 lakh but less than ₹10 lakh, the private lender is offering 4.75 per cent annual interest rate while on daily balance from ₹1 lakh to less than ₹100 crore, savings account interest rate offered is 5.5 per cent.
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