Suggest Best Bank Account for Parking Money with Max. Interest (Savings/FD)

Deal Cadet
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As many of you may be already aware, IDFC bank recently reduced its interest rate drastically from 7% to 4-4.5% from May 2021 onwards, and that too on an incremental slab basis. So, which bank will be better now to keep all your excess money which you do not need in a year or two. Both Savings account or FD suggestions are acceptable.

Priorities:
1) Max Interest rate.
2) No annual debit card maintenance charges
3) Free IMPS and other online transactions

Note: MAB doesn’t matter as it will be used to park money.

I have come across IndusInd Bank, RBL Bank, and AU Bank(also AU Bank’s Royal Program) while doing a bit of research. Do they have a debit card with no annual maintenance charges? Are there any hidden charges? Which among these will be better or can you suggest something else. Thanks in advance.

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Yet another thread for Bank. IDFC has led to 3 threads now. smile

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abhishekkjain wrote:

Yet another thread for Bank. IDFC has led to 3 threads now. smile

I believe those threads are for opening new accounts/referral purposes (If not, kindly give me the links). My post contains a completely different discussion.

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anubhav4996956 wrote:

Ok, I don’t know why they didn’t show up when I searched IDFC from the search bar… it only showed me the referral posts. Anyway, thank you.

It’s okay. I hope those help. smile

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