HomeBlogSavings interest rate is less than 8% a year

Savings interest rate is less than 8% a year

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.

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

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

DFC 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

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

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

Tags:

Share:

Leave A Reply

Your email address will not be published. Required fields are marked *

Related

Related Post

  • Blog
  • June 22, 2023
Have realistic expectations When amazon announced the $13.7bn acquisition of Whole Foods Market in 2017, it came after...
  • Blog
  • June 20, 2023
Elon Musk has been pushing the X brand since before the turn of the century,...
  • Blog
  • June 20, 2023
In an interview with ETMarkets, Bhave, who has over 25 years of experience across the...
  • Blog
  • June 20, 2023
The human resources department of a company must be well versed in current management trends,...

Buy Coaching Now!

Categories

Demos
Processing!