In today’s era, having a savings account has become a common practice for everyone. It provides a secure way to deposit money and earn interest without any worries.
However, the interest rates offered by different banks may vary, leaving some account holders content while others dissatisfied.
In this article, we will highlight a few banks that are offering up to 7% interest on savings accounts, much to the delight of their customers. Let’s delve into the details.
Airtel Payment Bank: A Digital Banking Solution
Airtel Payment Bank is a convenient, paperless, and digital banking option.
Account holders are earning a 7% interest rate on deposits ranging from Rs 1 lakh to Rs 2 lakh.
Meanwhile, for deposits up to Rs 1 lakh, the bank offers a 2% interest rate.
ESAF Small Finance Bank: Catering to Investors
ESAF Small Finance Bank provides a 4% interest rate to investors with savings accounts of less than Rs 5 lakh.
On the other hand, if the balance exceeds 15 lakhs, customers receive a higher interest rate of 6.5%.
Equitas Small Finance Bank: Ensuring Attractive Returns
Equitas Small Finance Bank offers a 3.5% interest rate on savings accounts with balances below Rs 1 lakh.
For account holders with balances ranging from Rs 1 lakh to Rs 5 lakh, an interest rate of 5.25% is provided.
Moreover, customers maintaining more than Rs 5 lakh in their accounts can enjoy interest rates up to Rs 7 lakh.
Fincare Small Finance Bank: Lucrative Interest Rates
Fincare Small Finance Bank entices customers by providing a 7.11% interest rate on savings accounts holding amounts exceeding 5 lakhs.
Additionally, an interest rate of 6.11% is offered on balances ranging from Rs 1 lakh to Rs 5 lakh.
Sarvodaya Small Finance Bank: Competitive Interest Rates
Sarvodaya Small Finance Bank grants a 6.75% interest rate on savings accounts with balances between Rs 1 lakh and Rs 5 lakh.
Customers maintaining more than Rs 5 lakh can avail themselves of a 7% interest rate.
AU Small Finance Bank: Rewarding Customers
AU Small Finance Bank rewards its customers with a 7% interest rate on savings accounts ranging from less than Rs 25 lakh to Rs 1 crore.
These banks are providing attractive interest rates on their savings accounts, benefiting account holders and ensuring substantial returns on their deposits.
