Many individuals express dissatisfaction with the interest rates offered by their savings accounts.
Today, we present a list of banks that are providing investors with interest rates of up to 7% on their savings accounts.
Let’s explore these banks one by one:
1) Airtel Payment Bank
As a digital and paperless bank, Airtel Payment Bank offers investors up to 7% interest on savings accounts holding between Rs 1 lakh and Rs 2 lakh.
Additionally, investors receive 2% interest on savings accounts with balances up to Rs 1 lakh.
2) ESAF Small Finance Bank Savings Account
Investors with savings accounts below Rs 5 lakh can earn up to 4% interest.
For balances exceeding Rs 15 lakh, the interest rate increases to 6.5%.
3) Equitas Small Finance Bank Savings Account
Equitas Small Finance Bank provides investors with up to 3.5% interest on deposits below Rs 1 lakh.
For savings accounts ranging from Rs 1 lakh to Rs 5 lakh, customers receive an interest rate of 5.25%.
Those with more than Rs 5 lakh in their accounts can earn interest on balances up to Rs 7 lakh.
4) Fincare Small Finance Bank Savings Account
Customers with savings accounts holding more than Rs 5 lakh can enjoy an interest rate of up to 7.11%.
Balances ranging from Rs 1 lakh to Rs 5 lakh earn interest of up to 6.11%.
5) Sarvodaya Small Finance Bank
Sarvodaya Small Finance Bank offers a 6.75% interest rate on savings accounts between Rs 1 lakh and Rs 5 lakh.
Customers with balances above Rs 5 lakh receive up to 7% interest.
6) AU Small Finance Bank
AU Small Finance Bank rewards customers with a 7% interest rate on savings accounts ranging from Rs 25 lakh to Rs 1 crore.
