Today all individuals have their own savings bank account. But people pays less attention to the
interest added on the balance in savings account. Some are unaware about the balance that they
maintain in their account earns some interest at the end of financial year.
But only few banks offer high and good amount of interest rates. So in order to switch to another
account, you need to know some factors like account closing fees and etc. Sometimes if you
open a fixed deposit with the bank, the minimum balance will be waived off.
So check out the list of top 3 Bank’s Savings Account Interest Rates to consider.
I hope all you are familiar with Yes Bank. Right? It is a private bank in India founded by partners
namely Ashok Kapur and Rana Kapoor having a collective financial stake of 27.16 percent.
Upon opening a savings bank account in Yes Bank offers a higher return of 7% per annum for
balances maintaining of Rs. 1 lakh and even above. Yes bank offers 6% p.a. for saving bank
account balances below Rs. 1 lakh.
Well listened to the name of Kotak Mahindra by everyone. It is an Indian financial service
company started in 1985 and formerly known as Kotak Mahindra Finance Limited, a non-
banking financial company. The bank allows its customers to open Savings bank account having
all basic banking facilities like Zero Balance requirements and simple KYC documentation.
Kotak Mahindra offers rate of interest of 6% p.a on balances above Rs. 1 lakh.
Many are unaware of this IndusInd Bank, a Mumbai based India new generation bank. It was
established in 1994 offering a wide range of commercial, transactional and electronic banking
products and services to its customers all over India. It offers interest of 4.5% per annum for
amount upto Rs.1 lakh and 6% p.a on the incremental amount in the savings bank account.