Highest Rate on Saving Account: Are you considering opening a bank account? Here’s good news for you. This bank is offering a higher interest rate on saving accounts. The interest rate on a saving account varies based on the balance amount. Some banks offer interest based on the balance in your saving account. These banks are offering interest rates between 7% to 8% based on the balance amount.
Finakyaar Small Finance Bank
Finakyaar Small Finance Bank is offering a 7.5% interest rate on savings accounts. These interest rates were revised on 1st August. Accounts with a balance between 5 lakh to 25 lakh rupees will get a maximum interest rate of 7.25%. Balances between 25 lakh to 50 lakh rupees will get an interest rate of 7.25%. And if the balance is between 50 lakh to 2 crore rupees, the interest rate goes up to 7.5%.
DCB Bank’s Savings Account Interest Rates
DCB Bank offers up to 8% interest on balances below 10 crores and above 2 crores. Savings accounts with balances between 50 lakh to 2 crore rupees will get a 7.25% interest rate, and balances between 5 crores to 10 crores will get 7% interest rate. These interest rates are applicable from 8th May 2023.
IDFC FIRST Bank’s Savings Account Interest Rates
IDFC FIRST Bank is offering up to 7% interest on balances above 10 lakhs and less than 5 crores. These new rates are effective from 1st July 2023.
Suryoday Small Finance Bank’s Savings Account Interest Rates
Suryoday Small Finance Bank is offering a 7.00% interest rate on balances between 5 lakhs to 2 crores and 6.75% on balances between 1 lakh to 5 lakhs.
ESAF Small Finance Bank’s Savings Account Interest Rates
ESAF Small Finance Bank is offering up to 7.5% interest on balances below 10 crores and above 2 crores. Savings accounts with balances between 50 lakhs to 2 crores will get 7.25% interest, and balances between 5 crores to 10 crores will get 7% interest. AU Small Finance Bank is offering up to 7% interest on savings accounts.
Please note that these interest rates may be subject to change, and it’s always a good idea to check with the respective banks for the latest rates.
