Banks are started attracting customers to keep more money on their savings bank by offering higher interest rates on savings bank account. Earlier it was Yes bank, who provided highest interest rate on bank deposits. But recently RBL bank has taken that position by offering maximum interest rates on savings account deposit. With a RBL bank savings bank account, one can get highest 7.1% interest rate on your saving account balance.
How to get highest interest rate with RBL bank savings account
Actually it is good to have such accounts when the interest rates of fixed deposit schemes and other small scale deposit schemes has dropped recently with the recent rate cut from RBI. In such a case if you keep your money in a savings account with highest interest rate of 7.1%, you will get some return and also you can you that fund as emergency fund as there is no withdrawal clause.
Check out the conditions to get 7.1% highest interest rates with RBL bank savings bank account.
|Your Daily Balance||Up to Rs 1 lakh||Rs 1 lakh to Rs 10 lakh||Rs 10 lakh to Rs 5 crore|
|Applicable on||Entire Balance||Balance above 1 lakh|
Higher interest rates applicable on amount above Rs 5 crore – kindly contact your RBL bank branch or relationship manager.
That means you can earn even more interest rate than 7.1% in case you have more than 5 crore amount in your saving bank account. So do check with them if you are really interested. By the way, how much interest rate you are getting for your money deposited in your savings account? Do you this it is the time to switch to such bank accounts and get higher interest rates on your idle money? Share your thoughts and feedback below.