Top 3 Bank’s Savings Account Interest Rates to Know

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.

  1. Yes Bank

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.

  1. Kotak Mahindra

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.

  1. IndusInd Bank

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.

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