Which is the best savings account in-terms of highest savings account interest rate vs safe bank

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mojo_jojo123

Which is the best savings account in terms of highest savings account interest rate vs safe bank? any guidance 

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Benevolent Benevolent
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upto 5lacs/bank every bank is safe. u can do 2x5lac in 2 different banks for safety 3x5lac..and so on

Deal's Advocate Deal's Advocate
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Jis bank sabka Paisa he us bank me rakho . Dubega ga to sabka dubega
Crowdpuller Crowdpuller
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royalraj wrote:

AU Bank

Woh Amir Khan wala?
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Deal Subedar Deal Subedar
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AU Bank

Deal Cadet Deal Cadet
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Idfc

Deal Subedar Deal Subedar
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-

Crowdpuller Crowdpuller
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royalraj wrote:

AU Bank

Woh Amir Khan wala?
Deal Cadet Deal Cadet
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Unity bank giving 8-9% fd.. Safe by rbi

Deal Subedar Deal Subedar
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bandhan bank

Deal Cadet Deal Cadet
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dgyaan727 wrote:

Unity bank giving 8-9% fd.. Safe by rbi

OP hasn't asked about FD rates, it's for savings account interest rate
Deal Cadet Deal Cadet
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@mojo_jojo123 ... for peace of mind and safety point of view, IDFC First Bank gives decent interest rate for savings account

Post Mogul Post Mogul
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Idfc or indusind are pretty safe with decent rates
Deal Cadet Deal Cadet
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How is Equitas?
Beacon Beacon
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Go for bandhan..its safe plus 6% for saving acc balance 1L to 10L and 6.25% above 10L.
Deal's Advocate Deal's Advocate
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Jis bank sabka Paisa he us bank me rakho . Dubega ga to sabka dubega
Deal Subedar Deal Subedar
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avion wrote:
Jis bank sabka Paisa he us bank me rakho . Dubega ga to sabka dubega
Do you mean Swiss Bank?
Benevolent Benevolent
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upto 5lacs/bank every bank is safe. u can do 2x5lac in 2 different banks for safety 3x5lac..and so on

Deal Newbie Deal Newbie
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As of now I see that RBL bank is giving the highest , they have flat rate applicable for balance above 1L , other banks give on incremental balance .. 

Deal Cadet Deal Cadet
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Always go for zero balance account.

Always go for bank which offers highest rewards in debit card.

Deal Newbie Deal Newbie
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rajatindia wrote:

Always go for zero balance account.

Always go for bank which offers highest rewards in debit card.

Like ?
Deal Subedar Deal Subedar
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Bandhan, it's not SFB with limited capital and presence.

Higher FD rate and also on savings > 1L

Deal Lieutenant Deal Lieutenant
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mojo_jojo123 wrote:

As of now I see that RBL bank is giving the highest , they have flat rate applicable for balance above 1L , other banks give on incremental balance .. 

Rbl bank website point_down @ 5.50% p.a. on balances > Rs. 1 lac up to Rs. 10 Lac and @ 4.25% p.a. on balances up to Rs. 1 Lac on a daily balance basis. These rates will apply on the entire balances > Rs. 1 Lac, as per the above slabs and the initial Rs. 1 Lac balance will earn interest at the rate of 4.25% p.a.
Deal Newbie Deal Newbie
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Jana SFbank provides 7% above 1 lakh

Deal Newbie Deal Newbie
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Sachin9811 wrote:

Jana SFbank provides 7% above 1 lakh

How safe / risky is it ?
Deal Newbie Deal Newbie
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mojo_jojo123 wrote:
How safe / risky is it ?

Not risky upto 5 lakhs. Worst case if bank defaults you get repayment after 1-2 years. 

Deal Newbie Deal Newbie
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@abhishek012 can you please guide any such bank with highest SAVINGS ACCOUNT interest (not FD) and offers Rupay Debit card (preferably without any fees, even with some MAB)

Deal Cadet Deal Cadet
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I think currently IDFC First, IndusInd, and Yes Bank all offer 4% on savings account, on amount below 1 lakh and higher above that. Could choose of these 3. Kotak has 3.5% but with auto-sweep/ActivMoney turned on above just 20K, they give 5.5% currently on amount above that (but remember to file 15G for any Term deposits automatically created as per of the sweep cycle).

https://www.idfcfirstbank.com/personal-banking/...
https://www.indusind.com/in/en/personal/rate...ml
https://www.yesbank.in/pdf?name=allratesandchar...

Deal's Advocate Deal's Advocate
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caks2006407 wrote:

upto 5lacs/bank every bank is safe. u can do 2x5lac in 2 different banks for safety 3x5lac..and so on

Itna paisa kaise kamaye 🤣
Deal Newbie Deal Newbie
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Looks like Jana Small Finance bank is highest so far now. 

Crowdpuller Crowdpuller
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caks2006407 wrote:

upto 5lacs/bank every bank is safe. u can do 2x5lac in 2 different banks for safety 3x5lac..and so on

That way we don't get 7% interest rate nowadays
Deal Subedar Deal Subedar
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dhinchakrohit wrote:
That way we don't get 7% interest rate nowadays
lol, Do you think the safety precaution of 5lac*n led us to this inflation?
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