6 banks offering up to 7% interest rate on savings accounts - Savings account (2024)

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Savings account DCB Bank savings account interest rate IDFC FIRST Bank savings account interest rate Suryoday Small Finance Bank savings account interest rate ESAF Small Finance Bank Other Small Finance Banks save-idea-getty wom-save

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6 banks offering up to 7% interest rate on savings accounts - Savings account (1)

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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.

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See Also
Best Banks for Savings Accounts for 2024DCB FD Interest Rates 2023 - Latest DCB Bank Fixed Deposit RatesRecurring Deposit Interest Rates in All Banks - 2024Personal Banking | Corporate and MSME Banking | Internet Banking | DCB Bank

6 banks offering up to 7% interest rate on savings accounts - Savings account (2)

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DCB Bank savings account interest rate

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.

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IDFC FIRST Bank savings account interest rate

IDFC 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.

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Suryoday Small Finance Bank savings account interest rate

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.

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6 banks offering up to 7% interest rate on savings accounts - Savings account (5)

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.

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Other Small Finance Banks

AU Small Finance Bank offers interest up to 7 percent on savings accounts, Equitas Small Finance Bank offers 7% interest in saving account for balances above Rs 5 lakh and up to Rs 50 crores.

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6 banks offering up to 7% interest rate on savings accounts - Savings account (2024)
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