6 banks offering up to 7% interest rate on savings accounts

, ET Online|

13 Jul 2023, 03:45 PM IST

1/8

Savings account

Depending on the account balance, savings account interest rates will vary. Here are banks offering savings account interest rates between 7%-8% depending on the account balance.

A savings account is a deposit account in a bank or other financial institution that provides the account holder with a high level of liquidity, security of money, and a fixed rate of interest.

Getty Images

2/8

DCB Bank savings account interest rate

DCB Bank offers up to 8% interest on savings accounts with balances ranging from 10 crore to less than 2 crore. The bank pays 7.25% interest on savings account balances ranging from 50 lakh to less than 2 crores, and 7% on balances ranging from 5 crore to less than 10 crores.

Getty Images

3/8

IDFC FIRST Bank savings account interest rate

IDFC FIRST Bank offers interest rate up to 7% on balances more than Rs 10lac to less than Rs 5 crore. The new rates are effective from July 1, 2023.

Getty Images

4/8

Suryoday Small Finance Bank savings account interest rate

Suryoday Small Finance Bank pays the highest interest rate of 7.00% on savings account balances ranging from Rs 5 lakh to Rs 2 crore, and 6.75% on balances ranging from Rs 1 lakh to Rs 5 lakh.

Getty Images

5/8

ESAF Small Finance Bank

EASAF Small Finance Bank offers interest up to 7.5 percent on savings accounts on balances from 10 crore to less than 2 crores. The bank offers 7.25% interest on savings account balance from 50 lakh to less than 2 Crore in the account and 7% on balances from 5 crore to less than 10 crores in the account.

Getty Images

6/8

Other Small Finance Banks

AU Small Finance Bank offers interest up to 7 percent on savings accounts, Equitas Small Finance Bank offers 7% interest in saving account for balances above Rs 5 lakh and up to Rs 50 crores.

Getty Images

7/8

save-idea-getty

Getty Images

8/8

wom-save

Getty Images

Read more on

Source Link

6 banks offering up to 7% interest rate on savings accounts

Related Topics

First Mover Americas: Bitcoin Pulls Back Before Probable Fed Rate Cut

HKMA and DFSA Forge Strategic Partnership to Advance Sustainable Finance

You May Like

First Mover Americas: Bitcoin Pulls Back Before Probable Fed Rate Cut

HKMA and DFSA Forge Strategic Partnership to Advance Sustainable Finance

Top 5 mid-cap funds with up to 34.2% returns in 5 years

Binance Futures Introduces CATIUSDT and HMSTRUSDT Perpetual Contracts with 75x Leverage

Can govt close your Sukanya Samriddhi Yojana account for not following guidelines? Read latest SSY rules

Binance to Add NEIRO, TURBO, and 1MBABYDOGE Across Multiple Platforms

ASIC Arms Race Continues Unabated with No End in Sight

SEC Places Heavier Scrutiny on Binance’s Token Listing, Trading Process in Proposed Amended Complaint

Financial News

Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful

AGI Development: The Heart of Future AI, Zhu Songchun’s Vision

Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin

SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules

Binance Futures Introduces DOGSUSD COIN-M Perpetual Contract with 20x Leverage

Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan

Apart from Post Office, you can open Mahila Samman Savings Scheme account only with these banks: Check full list

Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K

Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation

Who can open Sukanya Samriddhi Yojana (SSY) account

Mutual fund SIP returns depend on how you handle these 3 things; check here

NRE fixed deposits: Know all about repatriation, taxation, interest rates

Subscribe to get the latest updates

Follow us on

Welcome Back!

Retrieve your password